What is Financial Planning ? By Hemant Beniwal
Many times, you may have read the word Financial Planning and you may have many complicated definitions as well. Hope you have watched “3 IDIOTS” . When Aamir was asked the definition of machine, he said in simple language “Machine is anything that reduces human effort”. Similarly in simple language “Financial Planning is the process of meeting your life dreams/goals through the proper management of your finance.” Dream of buying a new car, a dream house, getting your children married in style, or simply retiring early to Live Life King Size. There are two ways you can deal with finance in your life: 1 Without Planning wherein at some point of time in future, you will have money and then you will decide how to use that for your goals. 2 With planning, you decide
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