The Simple Rupee

Too often,we postpone sober sounding tasks like financial planning.It's easy to postpone financial planning indefinitely sometimes forever.When you keep saying tomorrow will be right to begin,it never comes.Let me tell you,you are not alone. Statistics confirm that we are spending more and saving less more than any time in our
history.
Solid financial planning gives us the pride to make things happen NOW not tomorrow,or someday or perhaps,never.It is about imagining
our own future instead of letting others imagine it for us.It is about taking control of our own financial destiny.Learnng to talk the language of money doesn't make you materialistic.It only makes you wise.
Financial planning is a process.I wish I could say it is easy.But one thing is certain;if
you have a plan and prepare yourself,the results will be better than doing
nothing at all. Since you are reading my article,I assume you are serious about
your financial future.
Broadly speaking,the process involves the following steps,
1.Having a financial goal-John D. Rockefeller once said,"The only question with
wealth is what you do with it."You must know where you are headed.

2. Collecting data - you must know where you stand now.

3. Analysing the data - what is missing from the big financial picture?

4. Creating a financial plan - how do you get to where you want to be?

5. Setting your plan in motion - get the ball rolling.

6. Following it up - in my opinion,the toughest step in the six part process.

In my next article,I will take up each step separately.
Did you like this article?Do let me know.
Disclaimer:I do not claim to be a
financial advisor.Please don't construe this as financial advice.But as I said
in the beginning,there may be someone who gains a new insight into their
finances through my journey.
ps.this article was first published by me on my blog ALL THINGS GOOD