Financial Planning for Everyone

Understanding the Importance of Financial Planning:

• Begin by emphasizing the crucial role of financial planning in achieving one's life goals and financial security.
• Explain how proper financial planning can help individuals navigate economic challenges and uncertainties with confidence.

Assessing Your Current Financial Situation:

• Dive deeper into the process of assessing one's financial situation. Discuss the importance of creating a budget, tracking expenses, and understanding cash flow.
• Emphasize the need to have a clear picture of income, expenses, debts, and assets to make informed financial decisions.

Building an Emergency Fund:

• Elaborate on the concept of an emergency fund and its purpose. Explain that it serves as a financial cushion during unexpected events like medical emergencies or job loss.
• Provide guidance on how to set a target for the emergency fund, such as three to six months' worth of living expenses.

Setting SMART Financial Goals:

• Introduce the SMART (Specific, Measurable, Achievable, Relevant, Time-bound) framework for setting financial goals.
• Discuss various types of financial goals, such as saving for retirement, buying a home, or funding education.

Creating a Basic Investment Strategy:

• Explore the basics of investing, including the different asset classes like stocks, bonds, and real estate.
• Mention the importance of diversification and risk tolerance when developing an investment strategy.
• Share information on tax-advantaged accounts like IRAs and 401(k)s that can be part of a long-term investment plan.

Regular Monitoring and Adjustments:

• Stress the need for continuous monitoring of one's financial plan and making necessary adjustments as circumstances change.
• Encourage participants to revisit and update their financial goals and strategies periodically.

Case Study –How to define basic personal goals.

• Understand the importance of emergency funds with the help of real-time case studies.
• Define investment strategy for child education with the help me real-time case study.
• Vacations Planning – International Vacation is not a luxury anymore. It can be achieved easily with disciplined investing.

Q&A and Interactive Session:

Answering questions from participants and encouraging interaction to address specific concerns.

Webinar Schedule

Date: 14th October 2023 (Sat) | 11:30 AM

Venue: Online Zoom Meeting | Link will be shared after you register yourself for the event.

Limited Seats. Book Your Ticket Now!

Speaker

Rishi Narang, CFP

• Master of Management Studies (Finance) from Mumbai University.
• More than 15 years of experience in Investment Research & Advisory
• Rishi has experience working for leading Asset managers, Hedge funds, and wealth management companies

Limited Seats. Don't miss out on this opportunity to enhance your investment knowledge and unlock the potential of the right investor mindset. Register today and secure your spot for this insightful webinar!