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Your Comprehensive Guide to Start Financial Planning

Your Comprehensive Guide to Start Financial Planning

by Holistic Leave a Comment | Filed Under: Financial Planning

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Do you have a set of Financial Goals you want to achieve within a definite time frame?

Have you been considering planning your Finances to achieve them?

But you are wondering where to begin.

Then you are at the RIGHT place to start your Financial Planning.

In this article, we have our Investment Expert Mr. Hariharan with us who has decades of experience in managing and guiding investors with their Personal Finance.

So, let’s start uncovering the essential components of Successful Financial Planning step-by-step.

What is the Importance of Financial Planning?

An Effective Financial Plan is needed to achieve Peak Financial Fitness in your Financial Life. 

A Financial Plan will help you to get immediate feedback on the feasibility of your financial goals and help you adjust your priorities accordingly.

But why would immediate feedback help your financial plan considerably in the long term? 

Let us find out by watching the video below where Investment Expert Mr. Hariharan shared his valuable insights with us;


What does Financial Freedom mean?

A Good Financial Plan will set you up to achieve your Financial Goals in the long run and provide you with Financial Freedom.

But what does being Financially Independent means?

Is it about being Rich and having tons of money?

Or is it about having enough free time without worrying about what to do for generating income?

This brings us to two terms people generally confuse; being rich and being wealthy.

There is a distinct difference between these terms and makes little sense to use them interchangeably.

Because being;

  • Rich means having lots of money.
  • Being wealthy means having lots of money as well as time.

Want us to elaborate more on what is the real meaning behind ‘Financial Freedom’?

Watch the video below to better understand its meaning in detail;


How to Set and Achieve your Financial Goals?

Now that we have understood why and how important Financial Planning is to achieve your Financial Goals, let us look at how to achieve them.

Everyone has certain financial goals they want to achieve within a certain time period which could be short-term financial goals or long-term financial goals.

Like yours might be;

  • Buying a new car (Short-Term Financial Goal).
  • Buying your own home (Medium-Term Financial Goal).
  • Saving up for your Children’s higher education (Long-Term Financial Goal)

Whatever may be your Financial Dreams are, Financial or Income Planning for your Financial Future will always be a good idea.

Watch this video to understand what some of the key features are to consider while planning to achieve your future financial goals.


Why do you invest?

Understanding the basics of investing is important to start customizing your Financial Plan.

There are many people who invest without any plan or end goal.

Imagine a team of Football Players kicking the ball around without any goalposts present.

Or imagine a team of cricketers playing the game without the concept of runs.  

In both these scenarios, it is hard to determine why they are playing and who will be the winner.

Exactly how without any definite goal to set, your investments will also lose track of what they are supposed to achieve.

Let us watch the video below to better understand in detail why you invest and why should you consider investing in the first place through the valuable observations of our Investment Expert Mr. Hariharan.


 How Mutual Fund Works?

Now let us move on to understanding what kind of Investment Avenues are available in the market for you to Invest.

There are Debt Investment Instruments such as;

  • Bank Fixed Deposit
  • Post Office Time Deposit
  • Public Provident Fund (PPF)
  • National Pension Scheme (NPS)

There are also Equity Investment Instruments such as;

  • Index Fund
  • ELSS Mutual Fund

The video below deals with how exactly Mutual Fund Investments work in detail;


How SIP works in Mutual Funds?

To grow your money, you must invest in suitable investment instruments that help you earn inflation-adjusted returns.

Because while investing for the long term, you should always factor in inflation in your Financial Planning.

Especially because, the cost of your financial goals will be inflated, and it will not match the current cost in 10 or 20 years.

SIP in Equity Mutual Funds is one of the ways to earn inflation-beating returns.

Watch this video below to know more about how exactly Systematic Investment Plan (SIP) works in Mutual Funds;


When to Start SIP?

Now, you might be wondering when the RIGHT time is to start investing in SIPs as Equity Mutual Funds are subject to Market Risk.

The answer to your questions about the best time to start investing in SIP is clearly explained through multiple examples by our Investment Expert Mr. Hariharan in the video below;


The Wealth Creation Formula

Wealth Creation is surprisingly a simple process.

Just like making Coffee using a recipe book,

You can also build wealth using the formula below;

You can watch the video below to understand how to simplify your wealth-building process with the above formula and how to best apply it to create wealth in the long run.


Why is Retirement Planning Important in India?

Planning for your Retirement should also be an important part of your Financial Planning.

Because incorporating it into your Financial Plan will help you achieve your Ideal Retirement Life.

Your Ideal retirement could be;

  • Simply staying at home with your kids.
  • Wanting to travel and experience adventure-filled Sunset years?

Whatever it might be, both these scenarios need money for you to peacefully experience your Retirement Life.

Watch the Video below to understand why Retirement Planning is especially important for Indians who as most as 90% of Indians don’t start to save up for their Retirement until too late. 


The Key Pillars to Peaceful Investing

The Ultimate Goal of all your Financial Goals is Peace.

A Peaceful Investment Guide should be designed to achieve your Financial Goals to help you avoid Financial Hazards and live a peaceful life.

Being so peaceful that you are able to sleep like Kumbhakarna from the Indian Epic Tale Mahabharata.

Wonder how?

Watch the video below to uncover the secrets of Peaceful Investing;


What Should a Financial Planner do for you?

After all is said and done, we still need a guide who could help us, especially when trying to navigate something new on our own.

Expert Financial Advice sought at various turning points of our life;

  • When you have a child
  • When you get a promotion
  • When you buy a property

Would help us immensely to avoid any mishaps and to strongly secure our Wealth Building Process.

Watch the Video below where our Investment Expert Mr. Hariharan explains clearly why seeking the help of a Financial Advisor can never go wrong.


Bottomline

The road to building wealth might have lots of bumps on the way.

Remember an Effective Financial Roadmap will help you not get lost in your Financial Journey.

If you need help in customizing a Financial Plan which would help you achieve all your Financial Goals within a set time period, then seeking the guidance of a Professional Financial Planner would do wonders for your Wealth Building Process. 

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Lingesh MMG
Lingesh MMG
20. September, 2023.
Na eppo tha financial goal la enna therunju kitta..enaku full support panna thuku thank you..🥰 friendly nalla pesuninga...
Ravi L
Ravi L
15. August, 2023.
Very knowledgeable and professional team, guided me with the precise financial solutions and timely suggestions.
Hardik Dave
Hardik Dave
5. July, 2023.
Holistic Investment is really nice and trust worthy financial planner. They plan things in realistic manner and also consider future dimensions of items also. They are always available for small or big queries, and also share knowledge and help you become more financial literate, and take right decisions in all financial matters.
Dr. Padmakar Wagh
Dr. Padmakar Wagh
27. June, 2023.
Mr Ramalingam who is the Director of Holistic investments has a excellent financial planning knowledge, the entire Holistic team has been very helpful in my financial planning journey and execution. This is my third year of financial planning with Holistic investments and so far I am satisfied with the progress I have made.
Binamra Dash
Binamra Dash
13. June, 2023.
Very knowledgeable team. Guided me properly with my concerns.
Murugan Bala
Murugan Bala
16. May, 2023.
I have been investing through Holistic for the past 4 years and my experience with them have been really good. The team of Rajan and Ramalingam doing excellent services in meeting my needs through proper guidance on investment options customized. Theya re always available on any specific needs time to time.I would recommend their services to my friends and colleagues too.
Neeraja R K
Neeraja R K
15. May, 2023.
Working with holistic investment planners was a really wonderful experience for me. For me the entire team had been very supportive in all ways. Their working strategy is well planned and methodical. They always keep me informed and updated about my investments, so that i can take informed decisions. The team first helps us understand the basics of investments, then they collect data, work with the data and then provide investments solutions according to our goals which i find it the best. Good luck to the entire team.
deepika kulkarni
deepika kulkarni
21. April, 2023.
We have availed holistic service from last couple of years and are very happy with our decision. Their systematic approach has helped us plan our finances and meet our goals. They provide very comprehensive and detail plan and resource management every 6 months which ensures we are on right track to achieve our goals. Rajan and Ramalingam from holistic are always there to help us with our queries. They have also accommodated any changes to our goals or resources mid year in a professional manner.
Ashook Panneerselvam
Ashook Panneerselvam
21. March, 2023.
For the past year, I have been interacting with Holistic Investment. I frequently read Nanayam Vikatan, which is a publication owned by the Vikatan family, and I was impressed by their financial advice. My brother also suggested holistic investing, and he also got excellent financial advice. Holistic Investment follows a methodical approach that I really liked because they first fully understand our financial situation "As Is," which includes "Assets" and "Liabilities," as well as our short-, mid-, and long-term goals, on the basis of which they provide a detailed plan on how to achieve our goals for which they are recommending various investment options. Even in the investment advice, why do they suggest particular mutual funds and what is the justification behind it, which adds transparency to the client. One essential factor is that they are always available. Even if I needed to make some urgent financial decisions, they were very helpful and kind to answer my questions via phone calls, WhatsApp messages, and emails. I was very happy with their service. Periodic reviews are also crucial, even though I have forgotten that they occur once every three months, and I also intend to renew this year.
Mahesh S
Mahesh S
19. February, 2023.
I have availed Holistic investment service for last 1yr against my early retirement decision. they provided me comprehensive detailed report how to move ahead with my existing resources. moreover, they are available to me whenever i have any doubt.. highly recommend others to avail their service
Google rating score: 4.5 of 5,
based on 104 reviews

Google Reviews

Lingesh MMG
Lingesh MMG
20. September, 2023.
Na eppo tha financial goal la enna therunju kitta..enaku full support panna thuku thank you..🥰 friendly nalla pesuninga...
Ravi L
Ravi L
15. August, 2023.
Very knowledgeable and professional team, guided me with the precise financial solutions and timely suggestions.
Hardik Dave
Hardik Dave
5. July, 2023.
Holistic Investment is really nice and trust worthy financial planner. They plan things in realistic manner and also consider future dimensions of items also. They are always available for small or big queries, and also share knowledge and help you become more financial literate, and take right decisions in all financial matters.
Dr. Padmakar Wagh
Dr. Padmakar Wagh
27. June, 2023.
Mr Ramalingam who is the Director of Holistic investments has a excellent financial planning knowledge, the entire Holistic team has been very helpful in my financial planning journey and execution. This is my third year of financial planning with Holistic investments and so far I am satisfied with the progress I have made.
Binamra Dash
Binamra Dash
13. June, 2023.
Very knowledgeable team. Guided me properly with my concerns.
Murugan Bala
Murugan Bala
16. May, 2023.
I have been investing through Holistic for the past 4 years and my experience with them have been really good. The team of Rajan and Ramalingam doing excellent services in meeting my needs through proper guidance on investment options customized. Theya re always available on any specific needs time to time.I would recommend their services to my friends and colleagues too.
Neeraja R K
Neeraja R K
15. May, 2023.
Working with holistic investment planners was a really wonderful experience for me. For me the entire team had been very supportive in all ways. Their working strategy is well planned and methodical. They always keep me informed and updated about my investments, so that i can take informed decisions. The team first helps us understand the basics of investments, then they collect data, work with the data and then provide investments solutions according to our goals which i find it the best. Good luck to the entire team.
deepika kulkarni
deepika kulkarni
21. April, 2023.
We have availed holistic service from last couple of years and are very happy with our decision. Their systematic approach has helped us plan our finances and meet our goals. They provide very comprehensive and detail plan and resource management every 6 months which ensures we are on right track to achieve our goals. Rajan and Ramalingam from holistic are always there to help us with our queries. They have also accommodated any changes to our goals or resources mid year in a professional manner.
Ashook Panneerselvam
Ashook Panneerselvam
21. March, 2023.
For the past year, I have been interacting with Holistic Investment. I frequently read Nanayam Vikatan, which is a publication owned by the Vikatan family, and I was impressed by their financial advice. My brother also suggested holistic investing, and he also got excellent financial advice. Holistic Investment follows a methodical approach that I really liked because they first fully understand our financial situation "As Is," which includes "Assets" and "Liabilities," as well as our short-, mid-, and long-term goals, on the basis of which they provide a detailed plan on how to achieve our goals for which they are recommending various investment options. Even in the investment advice, why do they suggest particular mutual funds and what is the justification behind it, which adds transparency to the client. One essential factor is that they are always available. Even if I needed to make some urgent financial decisions, they were very helpful and kind to answer my questions via phone calls, WhatsApp messages, and emails. I was very happy with their service. Periodic reviews are also crucial, even though I have forgotten that they occur once every three months, and I also intend to renew this year.
Mahesh S
Mahesh S
19. February, 2023.
I have availed Holistic investment service for last 1yr against my early retirement decision. they provided me comprehensive detailed report how to move ahead with my existing resources. moreover, they are available to me whenever i have any doubt.. highly recommend others to avail their service
Google rating score: 4.5 of 5,
based on 104 reviews

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