“Money can’t buy happiness” is a philosophical phrase we often encounter daily, but we also cannot ignore the consequences of losing it all and the accomplishment of gaining it in abundance. No matter if we own a multi-Billion dollar business or we are slogging hours daily in an MNC, money matters to us in multiple ways, and we all want to achieve the holy grail of financial freedom where a solid financial foundation helps us to achieve our goals, secure our future while providing financial well-being in the meantime.
How we get started on this is a crucial question we ask ourselves, is there a defined period in one’s financial journey where one should ponder the ways of seeking professional guidance for securing and preserving financial assets? Well!!! It all begins the day one starts making money because the sooner you begin, the fairer the advantages will be. Financial planning is all about implementing well-researched and comprehensive strategies that help assess the current economic situation, identify long-term and short-term goals, and suggest ways to achieve them over time. These goals can be anything, such as tax & retirement planning, wealth management, investment & estate planning, etc.
With the evolution of our financial landscape and technological advancements at their ground-breaking stage, there are dedicated organizations leveraging these to provide personal financial advisory services in the micro-managed state. With their holistic approach to formulating strategies that align with their client’s financial personalities and lifestyles, these institutions are no less than personal financial coaches. All you need to do is provide authentic information to them and undertake some quick and interesting financial assessments to determine your financial trait.
Sounds interesting? Then you must check out the MoneySign™ assessment, a patented tool designed by a leading personal financial advisory institution , 1 Finance. The objective of such institutions is to let your temperament align with your financial choices. That is why with tools like MoneySign™, it gets simpler to determine one’s financial disposition. According to the profiles assigned based on this assessment, the individuals are provided with tailor-made recommendations.
If we have finally decided to indulge in a healthy financial practice by sticking to the ideas conveyed to us by the professionals. Then it is also essential to understand why and how it benefits us. Let’s break that down in the following pointers:
- Goals are achieved: Looking for an unwavering financial support system that allows you to track your expenses regularly to stay focused on different life goals? Certainly, financial planning is an ideal solution because our goals may differ, but by sticking to a personalized financial blueprint, we can easily achieve them.
- Feeling secure financially: feeling secure and being calm regarding all the money matters is an ultimate form of peace, or you can call it a legit financial NIRVANA. It can be achieved with a solid, unshakable financial foundation, be it a medical emergency, unforeseen expenditures, natural calamity, or whatever. Emergency funds, insurance coverage, etc., are some of the helping hands for such unprecedented times, and all this is only helpful if you plan your finances well in advance.
- Take control of your finances with mindful spending: Financial planning essentially encompasses the pattern of money spending, and with tools like budgeting and other wealth management tips, overspending is reduced to a large extent, thereby lowering debts.
Financial planning has several other advantages, especially with planners like 1Finance –. It is achievable, provided you start early and regularly review your plan to stay abreast of the leading trends.