What is a ‘ Financial Plan ‘

A financial plan is a comprehensive ( detailed ) evaluation of an individual's current and future financial state by using currently known variables (details ) to predict future cash flows, asset values and withdrawal plans. A financial plan includes analysis of current net worth, tax liabilities, asset allocation, assessment of financial goals and finances required in future to meet goals and calculating future retirenment fund needed.

“Don’t save what is left after spending, But spend what is left after savings.” – Warren Buffet.

“Investing is Simple, But not Easy” – Warren Buffet.

7 reasons why you need a ‘Financial Plan’ –

• Dertermining a proper investment allocation – where and when and how much needed.
• Are you saving enough?
• Are you properly insured?
• Have you assessed your Future needs and goals.
• How we can achieve our financial goals at appropriate time.
• Are we properly using our sources and same time reducing taxes.
• Do you need a good Retirenment Plan.