“If you don’t plan your life.. you will be forced to follow someone else’s plan.. and guess what they have planned for you..NOTHING” – Jim Rohn
Financial planning is the process of identifying your future needs and designing a model to enable you to work to reach your goals. All humans have similar goals.. if married to buy a house , vehicle… if one has children.. then to plan for their higher studies, marriage expenses etc.. and if one is working then eventually to provide for a regular cashflow in their post retirement life. While the amounts may vary based on individual aspirations, the need is very much common. Given that each individual has a different need, different temperament, and background the Financial plan for each individual will be different to suit that individual need.
Arhaum Enterprises with its deep understanding of the needs as also the tools needed to assess the risk and temperament.. is well suited to help you in creating your customized Financial plan and also guide you in reviewing the implementation of the Plan through investments so that one takes the most predictable route to achieving ones goals with a peace of mind.
How Our Experts can help you
Goal Based Planning
Retirement, Education, Wedding, Vacation
Accounting Advisory
Income/Expense Analytics, Tax Strategy Advisory
Insurance Advisory
Home, Health, Term
Portfolio Allocation
Stock, Bonds, Mutual funds
Estate Planning Advisory
Wills & Trusts
Real Estate
5 Steps to Financial Life Planning
The 5 step process is as follows:
Step -1: Discover and Define
Writing down your goals and calculating your current financial state.
Analyzing your income versus your expenses, as well as analyzing your assets versus your liabilities.
Step -2: Evaluate
Evaluating the gap between your goals and your current trajectory, based on your current financial state.
Step -3: Develop
Developing a detailed, customized plan for you—GCIA experts will create a ‘route map’ for achieving your goals.
Step -4: Execute
Arhaum Enterprises(Indian Wealth Management) is with you, every step of the way, during the implementation of your customized plan.
Step -5: Monitor
Arhaum Enterprises(Indian Wealth Management) will monitor and track your finances on a regular basis so that the plan is fail-safe.
We’ve all got responsibilities! You may need to buy a family house, get your children educated well, married grandly… the list goes on and on! And maybe after you’ve managed to achieve these basic goals, you can even begin to think about that beach house you always dreamed of! Sadly though, you can’t afford that with just your retirement fund. So, you’ve toiled hard all your life so you can live your dreams, but despite that, they may remain incomplete…
Want to know why? Heard of the saying, “By failing to plan, you’re planning to fail”? It’s true! Everything big in life requires planning and execution. Like financial goals.
Mostly when people think of Financial Planning, they think about investments. Some of them also feel it has to do with Mutual Funds and Insurance. Honestly, neither of it is true.
“Financial planning is all about channelizing your financial resources (income and wealth) towards your financial goals”.
Financial planning is the disciplined process through which an individual can make road map to meet expected and unforeseen needs in his life.