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Financial Planning Process

Financial Planning Process Financial planning, especially at an early age can help to give your life focus and help you to achieve your goals in life. Financial planning gives you a set of tools to create wealth and build up a nest egg that you can use in case of emergency. Financial planning also gives you direction, direction you need to make informed decisions about investments so that you won't make any mistakes and you can reap the benefits for the rest of your life. The Financial Planning Standards Boards (FPSB) defines the financial planning process as consisting of the following six steps. We have just reproduced the exact process prescribed Establish and define the client-planner relationship: The financial planner should clearly explain and document the services that he or she will provide to clients and define both his/her and clients responsibilities during the financial planning engagement. The financial planner should explain fully how financial planner will

Why Financial Planning is needed?

W hy Financial Planning is needed? Financial Planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. By viewing each financial decision as part of the whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track. The need for financial planning thus arises from the need to meet the financial goals that enable the achievement of one's life goals. Generally everyone invests in the various available avenues but very few investments are linked to individual goals. All of us have goals to be fulfilled at every stage of life. Life and financial goals are very diverse and are as under : Protecting Oneself & Family against Financial Risks :  The loss of a job, a serious illness, a legal problem, a sudden death, an accident or a natural disaster will prom

DRESS FOR SUCCESS

"The way we dress affects the way we think, the way we feel, the way we act, and the way others react to us." ~ Judith Rasband In today's world, if you want to sell your product, your knowledge about the offering is not the end. You are not just selling a product or a service, but you are selling yourself. Knowledge is important, so is the presentation. The former has to be seasoned with appropriate dress etiquettes in order to please the client's palate. When someone intends to invest his money in an avenue that you suggest, he trusts you and is looking up to you for advice. You have to stand out of the crowd to gain that trust. No one would want to see his advisor just out of his bed, wearing messy clothes or having an unkempt hairstyle. People would take you seriously only if you look professional. If you are meeting a prospective client for the first time, your appearance will do half of your job. The way you dress creates a lasting impressio

MOST IMPORTANT PLAN FOR CREATING WEALTH

See This Video Right time is "NOW" to invest. Its very simple to start plan for creating wealth for your future. Click here For Website : https://www.fundzbazar.com/internalclientsignup-7C7723-2364257C77232A74252A74255E6D3A21713D2364253F6326 For  Mobile Application :  https://play.google.com/store/apps/details?id=com.fzb&referrer=7C7723--2364257C77232A74252A74255E6D3A21713D2364253F6326--7C7723

The Blind CEO Who Changed Destiny

The inspiring story of Srikanth Bolla If the "world looks at me and says, 'You can do nothing,' I look back at the world and say I can do anything." The luckiest person alive: Srikanth Bolla is the CEO of Hyderabad-based Bollant Industries, a company that manufactures eco-friendly, disposable consumer packaging solutions. But he is not your usual entrepreneur or CEO. Srikanth was born in a village near Machilipatnam, a small city in Andhra Pradesh in a farming family. When he was born villagers suggested his parents to smother him. To smother means to kill someone by suffocating by covering nose & mouth. Reason being, Srikanth was born without eyes. Srikanth's parents had a big dilemma in their hands. Would they let their child suffer all his life without eyes, as prophesied by many, or let him live his life? Everyone else called the little boy names like burden, useless. Fortunately, Srikanth's parents who were uneducated, poor and earning jus

The First Female Amputee To Climb Mount Everest !!

ARUNIMA SINHA Hello everyone. I wish to thank you all for the opportunity to come and speak at this big platform provided by NJ. I am not going to talk about anything related to business but to share my experience of every important moment of my life. I am today 28 years old and I have fulfilled every commitment I have made in my life. Else I don't make any commitment unless I decide to complete it. Some of you may be aware of the problems in face of which I have achieved my goals. The Unfortunate Event: In 2011, I was traveling from Lucknow to Delhi in Train for a job interview. Near Bareilly station, some people in general compartment started looting the passengers. I was also sitting there and when they tried to snatch my gold chain. No one dare objected to these men to what they were doing. But, being a seven time national volleyball player, the feeling of the sportsperson within me made me fight them. Within a minute or two, I found myself being carried by fou

The New Age Role Model - Virat Kohli

If there is one individual who is a role model for almost every individual, it has to be Viral Kohli. Virat has today captured the imagination of the entire country. He has already achieved a lot but still has many more years left. This month's issue, we look at what makes Virat truly “Vira” (huge) in the game that entire nation follows. The Rise: Virat today has the entire nation's following, is warmly adored by his fans while oppositions truly fear him. His rise from a humble background to a cricketing superstar has not been less than an inspiration. From the struggling days in junior cricket to making a mark in the national cricket team and later becoming the captain, is no easy task and his entire journey has been before us. Kohli's love for cricket was visible from very early age when, as a three-year old kid, he would pick up a cricket bat, start swinging it and ask his father to bowl at him. Kohli's father took Kohli to a professional cricket academy af