Financial Planning??? Can eat or not?

You might have heard about Financial Planning but do not know what is it about. Many thought that Financial Planning is completed after buying a few Insurance Plan. Its a very common misunderstanding? Hope I can remove this misunderstanding by sharing with you using simple layman language: Financial Planning is about

1) Managing your Cashflow
This is a step to detect bad spending habits and ensure you set aside enough money for future financial goals.
2) Managing your Risk
This is a step to ensure that your dependents are well taken care of in event of death, disability, Diseases, hospitalisation, etc.
3) Managing your Investments
This is a step to ensure you invest your assets properly. The right risk and right returns to meet your needs.
4) Managing your Retirement
It is a step to help you achieve financial independence and enjoy a lifestyle that you desire on retirement.
5) Mananing your Tax
This is a step to minimise your tax through the use of various tax benefits and incentives
6) Managing your Estate
This is a step to preserve your assets on death and distribute your estate according to your intentions with minimal hassles and estate duties.


Seek professional help from a Certified Financial Planner. You shall see a difference to your current financial plan. Drop me an email if you like to make this difference.