A financial plan is a comprehensive picture of your current finances, your financial goals and any strategies you’ve set to achieve those goals. Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life. The core areas of managing personal finance include income, spending, savings, investments, and protection. The personal financial planning covers the six broad areas –

• Income Allocation: Where does your money come from and where does it go?
• Risk Management: What risks are you exposed to that could sink your financial ship?
• Investing for Wealth Accumulation: Where to invest your hard-earned money to accumulate wealth;
• Tax Planning: How to minimize your tax outgo through proper planning?
• Retirement Planning: How much to save for your golden years and achieve your goal?
• Estate Planning: How to passed on your assets to your heirs and loved ones?

 

There is a saying – “If you failed to plan then you plan to fail”. Personal financial planning is a guided tour for your financial journey of life. It encompasses everything you do as an economic man.
We at Wealth Axis Securities provide specific and comprehensive financial plans for each and every need of your life based on your stage of life you are living in and in consideration of your financial status.