Why Is Financial Planning Important
HELLO! I AM Mehul Mathrani I am here because I love to give presentations. You can find me at @mmathrani
2
“ Financial Planning plays key role in making a financially stable life. With financial planning you can easily evaluate your long term and short term goals and able to create a balanced plan to meet those goals.
3
Mehul Mathrani Let’s explore a few major reasons for adapting financial planning in life with Mehul Mathrani
Income With planning, it becomes easier to manage income more effectively. By managing income, you will understand how much money is required for tax payments, other monthly expenses, and savings.
5
5
Cash Flow Experts advise you to Increase cash flows and you can do it by carefully monitoring your expenses and spending patterns. Tax planning, careful budgeting, and prudent spending will help you keep more of your hard earned cash.
6
Capital Capital is essential to run a business successfully. And this is possible with the increase of cash flow. Everyone knows that an increase in cash flow can lead to an increase in capital. It allows you to consider investments in order to improve your overall financial wellbeing.
7
Family Security Providing financial security to a family is an essential part of the financial planning process. According to experts, the proper insurance coverage and policies in place can provide various benefits to you and your loved ones.
8
Investment To make a good financial plan you need to consider your objectives, personal circumstances, and risk tolerance. It will help you to choose the right types of investments to fit your needs, personality, and goals.
9
9
Standard of Living The savings created from good planning can prove valuable in hard times. Suppose you have taken an insurance policy. And there is enough insurance coverage to replace any lost income. Especially when a family bread earner is unable to work. 10
Savings Saving is the key! But unexpected financial changes can still throw you off track. Therefore, it is better to have some investments with high liquidity. You can make a use of these investments for educational purposes or in times of emergency.
11
Final Words The first step in developing your financial plan is to meet with an advisor or expert like Mehul Mathrani. This financial process begins with an analysis of your present financial circumstances, future goals, anticipated changes, and results in your customized plan.
12
THANKS! ANY QUESTIONS? You can find me at: https://twitter.com/mmathrani https://mehulmathraniofficial.wor dpress.com / https://www.trepup.com/mehulmat hrani 13