Let’s us first know – what is financial planning
Financial Planning is a process to achieve your life goals using deferent investment option with your current resources through proper and disciplined money managements. So financial planning is not only about money but it’s all about life. about fulfilling your wishes, dream, aspirations, and your enjoyment in achieving them.
Current Resources (CR)
Investments Options (IO)
Financial Goal (FG)
Goal base Financial planning: CR+IO= FG
About Financial Goals (FG):
Financial Goals always “SMART”:
Specific (simple, sensible, significant).
Measurable (meaningful, motivating).
Achievable (agreed, attainable).
Relevant (reasonable, realistic and resourced, results-based).
Time bound (time-based, time limited, time/cost limited, timely, time-sensitive).