Importance of Financial Planning

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Financial Planning is all about managing your income and expense. Creating a surplus over time to create wealth. Today everyone is aware of the importance of Financial Planning. However very few know how to put a plan that works best for them! In the forthcoming issues of this newsletter, we will be sharing lots of insights, information and tools to help you achieve your goals, dreams and desires. To start with, let's simplify the process of getting started on creating a financial plan. Here's what you will require: First understand your requirements. Size your dreams. List: financial, material and emotional dreams. In less than 5 bulleted points, justify WHY you want them achieved. Put a date to each of your milestones. Then start with where you currently are, in terms of your financial position. If you don't know where you are, how will you know where you want to go? Now's here the toughest part: you must take 15 - 30 minutes of your precious time away from your schedules to focus on answering the above 4 points. Write them down neatly in a notebook and start the journey towards creating a strong and secure financial future.