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known facts of financial planning

Financial Planning: 7 Less-Known but Thought-Provoking Facts

by Holistic 1 Comment | Filed Under: Financial Planning

Whenever you hear the word financial planning , what comes to your mind?

Money and math are the two very common concepts that most people will relate to the process of financial management. Watch this demo to review the fundamentals of Financial Planning

But managing money involves a lot more.Traditionally financial planning was all about securing one’s future, or saving for the retirement, but let us now observe a different angle of managing finances . Let us understand this new perspective in detail, supported with the help of the following 7 observations.

Table of Contents

  • A Financial Plan is not just about your future, but about your present as well
  • A long and lengthy financial plan document is just a myth
  • Look for an agile financial plan
  • Remember that your financial plan is about nothing else, but YOU
  • Financial Planning is not an exercise for selecting the ideal financial product
  • Never lay your focus solely on bringing certainty
  • Be committed to your financial plan

1. A Financial Plan is not just about your future, but about your present as well

If you have read the international bestseller book called “The Power of NOW” by Eckart Tolle, you might have understood that the future is an imaginary concept. Everything happens in the present and for the present. It sounds a bit philosophical, but it is true!

Let’s take an example, if someone wants to become a good sportsperson, s/he has to work very hard on developing their skills every single present moment, only then it is possible for that sportsperson to gain the top skills along the way for playing in national or international level. Achieving of any target is possible by working on present, not future.

Future is an illusion that does not exist in certainty. As an investor, you design your present with a financial plan.

Planning your finance is similar to planning your life.

Most investors might think that financial planning will help them secure their future, however in reality it is something that will help you learn about playing fully in this very moment. Therefore, rather than worrying all time about future security, look at what best you can do in present with your financial resources.

2. A long and lengthy financial plan document is just a myth

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What is the financial plan meant for? To make us learn how to get in control of our financial lives. Therefore, lengthy plans will do nothing else than just confusing the clients. So, going for tedious financial plans stuffed with complex calculations, heavy graphs and pie charts will only lead to the increasing frustration of the investors.

Rather, why not consider getting a financial plan that you as an investor can yourself hold and implement? This may be like a one page document or summary, short and simple to understand.

A brief plan is more precise containing only that matter, which is significant and useful to the clients. Such a plan will also make it easy to understand our financial lives.

3. Look for an agile financial plan

The agile financial plan follows the financial planning process systematically. After getting the personalized financial plan from the financial planner, as high as 80% people follow their plan only partially, without any enthusiasm or belief on their financial plan!

Only 20% are able to successfully implement the advice and suggestions regarding their financial planning and as a result their family enjoys a great financial life.

In financial planning, exchanging ideas and advice is just the 20% of the work, rest 80% is about taking actions.
financial goals

Without action, it is difficult to pass a verdict on any plan, whether it is good or bad!!

But for large majority of 80% group, financial planning becomes a burden when it comes to taking action. Don’t let this hack affect your financial life!

Investors trust a planning tool, only when it takes some action. After all, what matters in the end is only those activities that produce result. Nothing more than that.

4. Remember that your financial plan is about nothing else, but YOU

What does an investor think of, when looking for a financial advisor? To find a person who can advise for fetching the maximal returns out of an investment. Always remember that financial planning is not about calculations on products and returns. Rather, it is solely about you.

Financial plan is customized suitably for the needs and desired lifestyle of different people. For example, a perfect financial plan for a 50 year old will not make any sense for 30 year old person. Also the financial requirements and desired lifestyle differs for every individual even for the same age group; for details you can read the article on “Best performing Mutual Funds” for you.

Your financial plan demonstrates your way of living life, and speak aloud your financial future!

Financial Plan is an opportunity to be completely truthful in terms of money. This will help you get disciplined as an investor, and fix your earlier mistakes.

5. Financial Planning is not an exercise for selecting the ideal financial product

Are you doing financial planning as an exercise to get more returns by choosing the best financial product?

If yes, then, you have a very wrong expectation from a financial planner.

Financial planner will help you get more clarity on your financial life. Financial Planner will give you the right direction for your financial journey.

Financial Planner will help you choose regret free investments. I have seen clients regretting for investing in ULIPS, regretting for buying a second property when they realize they don’t have liquidity. Such regrets will not be there if you do your financial plan with a professional financial planner.

So, financial planning is not an exercise for selecting the ideal financial product. Financial planning is an exercise for selecting a ideal solution that can take you from where you are and where you want to go (financial goals).

6. Never lay your focus solely on bringing certainty

The expectation of certainty is often a result of insecurity or fear. And, the expectation of more benefits is often a result of greed.

Financial Planning is not about to get certainty into your lives. It is about building your financial muscle that helps you face all kinds of situations. Moreover, a financial plan brings more completeness into financial life, and helps you have an external point of view on the same.

Certainty to portfolio isn’t possible in short term investments or trading. However, for long term certainty can be planned to some extent.

It’s not about Certainty, it is about Consistency in taking one financial step at a time! It is the KEY of securing a good financial life for you and your family.

More details on understanding the key financial steps, you can read this “5-step Financial Planning Guide” and start taking action on your financial steps.

Many a time, you may observe many plans not turning out the way they should have been. However, that does not mean you stop to plan at all. Keep planning no matter what happens.

Also, watch the video here!

7. Be committed to your financial plan

Based on the above discussion, here is a question for you, “How committed are you towards achieving your financial goals and living a victorious financial life?”

Napoleon Hill says, “Nothing worthwhile could ever be achieved without a firm commitment”.

Don’t be among 80% majority who are not committed to their financial goals, and causing their financial life to degrade.

Be among top 20% who are fully committed to accomplish their financial goals and develop a sound financial lives for their family, whatever it takes!

So, Your financial plan is definitely only about setting your goal and finding a direction to achieve the goal. Setting goals and getting a direction is a very simple task, but sticking to your commitment will exhibit how serious you are towards attaining your goal. Commitment will let you focus onto what is required to achieve your goals, as well as not get distracted by anything else coming in the way.

Therefore, make a decision now to be committed to all your financial goals.

For more details on financial goal setting, you can read this article on “How committed are you towards your financial goals!” and also find out the “SMART way to achieve Financial Goals” by reading this article.

Let us now conclude this discussion with a belief that it was useful in helping you look at an entirely new perspective of what financial planning is all about. Hope it also helps broaden your view of a financial plan.

To get this financial stability and security, to understand our unique Holistic Financial Planning Process we offer

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  1. Chris says

    June 15, 2018 at 5:55 am

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Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

Google Reviews

Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

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