Financial Planning in India

Every individual knowingly or unknowingly does financial planning. Since centuries our forefathers are doing financial planning in India. However in 21st century due to wide range of financial products available in market have made financial planning a difficult task.

Now a days People have started realizing the importance of financial planning as a result there has been a significant increase in the number of financial products in India. Because number of products available in Indian market today, one is dilemma where to invest their hard earn money. I observed most of us are concern of security of money than growth of the money.

Today due to inflation various expenses are rising such as education expenses, medical services, lifestyle expenses and many other expenses and that’s why day after day it is becoming more and more difficult for the people to retire with the financial freedom.

In simple words if I have to explain importance of financial planning - if you do not have a financial plan, how can you achieve your financial goals? If you do not have a plan, how do you know what you need to do by when?