✨A red light against people who entrust their earnings to others for investment saying they trust you.
✨Sorry in the cheapest words in India, I knew it, I could do everything, I used to say that it will happen 'I trust you....
♟️When it comes to financial planning or investment, 95 out of 100 investors pour in their hard-earned capital by saying 'Trust you...' Insurance agent. Mutual Fund Distributor, Shareholder. Not only bankers entrust financial planners and chartered accountants and assume that the Ganga is not there... but they forget that those who know how to earn and save must also learn the lessons of investment and portfolio planning. There is a saying in Gujarati that It means that one should check the facts and truths of what someone has said instead of taking it literally. Similarly, in financial planning and investment, it will work if not 100 steps, but five steps must be kept in mind.
💵Financial funnel via five steps :
Step-1 Current-Future Financial Status Get an estimate of your current and future financial status.
Step-2 Prepare Financial Strategy Prepare future financial plans including education, marriage, house, car entertainment, retirement.
Step-3 Prepare statements, consult; Prepare notes for planning.
Step-4 Implement Advisor's Advice: Start implementing it by taking the advice of a suitable financial advisor.
Step-5 Periodical Evaluation of Portfolio Periodically evaluate the investment plan you implement. Keep reshuffling the portfolio as advised.
💰Learn the magic of StepUp SIP :
At the age of 25, monthly Rs. 3,000 monthly SIP and increase the investment amount by 5% every year and assuming a growth rate of 12% per annum, the capital at the end of 35 years will be Rs. 97 lakhs and the investment value can be Rs.3 crores.
🪜Stepup SIP Calculator :
📍Your current age 25 years
📍Investment years 35 years
📍Monthly SIP Rs. 3,000
📍Estimated annual return 12 percent
📍Annual Stepup 5% in SIP
👉Retirement Planning Calculator :
📍Current age 25 years
📍Retirement age 60 years
📍You have 35 years of time
📍25,000 current monthly expenses
📍Currently savings 00
📍Potential inflation rate 7 percent
📍Potential return on investment 12 percent
👉Seven Points of Financial Management...
🔹Purpose and Goal
🔸Wealth and Debt Management
🔹Planning and budgeting
🔸Credit (Deposit) and Debit (Loan) Ledger
🔹Mock training and real investment
🔸Implementation and observation
🔹Valuation and redesign
💵The required investment per month is Rs. 6,500 Potential corpus at retirement Rs.4.16 crore.
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