How to create financial goals ?

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I always though that Fianncial Planning is just a paper game and it just a waste of time ! I use to invest without planning. Due to this very nature, I got panic during the last recession and sold all my Equity investments and also stopped SIPs…despite the fact that I needed the funds after 10 years ! Had I tagged my investments with a Goal, then would have saved myself from this re-investment Risk, which pushed me back in terms of current ROI. MHC Group are the best guys to create Goal for you”
Ram Krishna
Here are ten powerful reasons why financial planning is must ! And doing it through us – will get you where you want to be :

  • Income: It's possible to manage income more effectively through planning. Managing income helps you understand how much money you'll need for tax payments, other monthly expenditures and savings.
  • Cash Flow: Increase cash flows by carefully monitoring your spending patterns and expenses. Tax planning, prudent spending and careful budgeting will help you keep more of your hard earned cash.
  • Capital: An increase in cash flow, can lead to an increase in capital. Allowing you to consider investments to improve your overall financial well-being.
  • Family Security: Providing for your family's financial security is an important part of the financial planning process. Having the proper insurance coverage and policies in place can provide peace of mind for you and your loved ones
  • Investment: A proper financial plan considers your personal circumstances, objectives and risk tolerance. It acts as a guide in helping choose the right types of investments to fit your needs, personality, and goals.
  • Standard of Living: The savings created from good planning can prove beneficial in difficult times. For example, you can make sure there is enough insurance coverage to replace any lost income should a family bread winner become unable to work.
  • Financial Understanding: Better financial understanding can be achieved when measurable financial goals are set, the effects of decisions understood, and results reviewed. Giving you a whole new approach to your budget and improving control over your financial lifestyle.
  • Assets: A nice 'cushion' in the form of assets is desirable. But many assets come with liabilities attached. So, it becomes important to determine the real value of an asset. The knowledge of settling or canceling the liabilities, comes with the understanding of your finances. The overall process helps build assets that don't become a burden in the future.
  • Savings: It used to be called saving for a rainy day. But sudden financial changes can still throw you off track. It is good to have some investments with high liquidity. These investments can be utilized in times of emergency or for educational purposes.
  • Ongoing Advice: Establishing a relationship with us will help you to achieving your goals. We will help you to assess your current financial circumstances and develop a comprehensive plan customized for you.

Disclaimer :
www.mhcgroup.co.in is an online website of Mr.Manish Chamaria who is registered vide ARN- 65124 as a Fund distributor. The said website is just an electronic presentation of financial planning for self help by investors. This site should not be treated as a financial advisory website as we do not charge for any calculation or results produced here. The website do not guarantees any returns or financial goal success by any means.