friends today’s topic is financial planning and in today’s post, we will know what is financial plan, then friends, this post of ours is going to be very important for you, so friends from you It is requested from the heart that you will read today’s post carefully so that you can know well what is financial planning, so let’s friends without wasting time let us start our today’s amazing post and know that financial planning What is planning

FINANCIAL PLAN

Friends, FINANCIAL PLAN is called financial plan in Hindi and financial planning means planning and working on fulfilling the financial requirements, now friends, we have many financial needs like regular income, guaranteed income, financial Security, buying your house or car, children’s education and marriage planning, traveling, getting out of debt, retirement planning or achieving financial independence, friends, to achieve all such financial goals, we need to plan in a proper way. It is needed so that we can achieve the desired financial success and in this way the plan made to meet any financial need or financial goal is called financial plan in Hindi and financial plan in English.

H Friends, I do not need to tell you how much a proper planning is important for success in any work, there is a famous saying in English about the importance of planning that BEING PREPARED IS HALF THE BATTLE ON…. That is, if your preparation is good, then half the victory in the battle is already certain, so in this way, financial success for us depends a lot on whether we have a good financial plan or not and we have taken our financial How well the plan is planned, friends, it is very important to have a financial plan to get financial success, apart from this, if I talk about the benefits of financial planning, then there are many benefits of doing financial planning like –

• CONTROL ON OVERSPENDING AND INCREASE OF CASH FLOW POSITIVELY
• BALANCE BETWEEN INCOME EXPENSE AND SAVING/INVESTMENT
• WE CAN CHOOSE BEST INVESTMENT AS PER OUR REQUIREMENT
• PROPER TAX PLANING, AND PLAN TO PROPERLY FUND OUR DREEMS
• PROPER COVERAGE OF LIFE INSURANCE AND HEALTH (MEDICAL) POLICY FOR OUR WHOLE FAMILY
• EASY TO CHOOSE BEST INVESTMENT

So friends, now after knowing this much, the question comes in front of you that how to make your personal finance plan, friends, may I tell you that you have two options to make a financial plan.

You can take the services of an expert financial planner who can help you a lot in making your personal financial plan.
Friends, now the second option that you have to make financial planning is that you can do your own financial planning by doing a little hard work on your own.

Friends, you know that the financial condition of every person is very different from each other, there is a lot of difference in the income and expenses of all of us, there is a lot of difference in the financial goals that we want to achieve in our life. And that’s why the financial plan of all of us will be different from each other, that’s why while making a financial plan, we should make our own financial plan keeping in mind our financial needs, and friends, you also have to understand that financial planning is a continuous process. It is not that you have made your financial plan just once and you are done, friends, you have to keep making some changes in your financial plan from time to time like if you are not married yet then your financial plan will be different and If you are married then now some changes will be required in your financial plan, similarly when your children will grow up and your age will increase then at that time your ability to take risk will also be less and according to the changing times you will have to make some changes in your financial plan. Don’t have to keep making any changes.

So friends, these were some important things for doing our financial planning today and you have learned in today’s post that what things you have to keep in mind to do your financial planning, friends, I hope you like this post of ours today. If you must have come, friends, if you have really liked this wonderful post of ours today, then please share this post with your friends also and by giving so much of your precious time out of your precious time, give this post so much attention. I thank you from the heart for reading from you in another great post till then Jai Hind Vande Mataram.