The impact of the COVID-19 pandemic on our cash flows due to job losses and demise of loved ones in the family, has been felt by many of us and has exposed those without a financial plan. Over the past decade, financial planning has gained importance. You can either seek an expert for your financial planning exercise or do […]
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Category: Financial Planning
Here’s how different inflation measures impact your financial goals?
The Reserve Bank of India (RBI) Governor Shaktikanta Das said in his monetary policy statement on September 30 that India’s consumer price index (CPI) remains “elevated” due to large adverse supply shocks. The inflation rate in June as measured by the Consumer Price Index came in at 7.01 percent, the highest in around eight years. […]
Just Investment planning is not enough. Align your life goals, too
At PrudentFP, over the last 12+ years of running our financial planning practice, there’s been a significant increase in awareness around investing with a clear set of objectives. Whilst many investors are still content with investing with a well-defined time frame of a certain number of years, another set of more evolved investor families use […]
How we have been transforming financial lives of Our Clients?
At PrudentFP, since we have been playing the role of both a consultant and a coach for our clients, it is pertinent to understand the difference between the roles of a Consultant and a Coach? As a consultant, we are expected to give you a solution to reach from Point A to Point B. Suppose you want to accumulate three crore […]
Financial Literacy leads to Financial Planning
Financial Planning cannot work without financial literacy. Financial literacy is not merely the knowledge of financial services and products; it is about your financial attitude and behavior so that you could have ability to make self-informed financial decisions regarding planning, saving, investing, protecting, borrowing and much more. Financial literacy is not rocket science and it […]
Making Smart Asset Allocation with Smart Layers
Many investors who are so called themselves as ‘aggressive’ putting all their money into shares and hoping to make it BIG. On the other hand, there are investors who are so afraid of equity that they tend to invest a few hundred lakhs of rupees fixed deposits and a tiny amount in equity. In nutshell, […]
How to empower your Power Goals?
In today’s world, where life has become nothing beyond going from home to the office and back, we just ignore our financial life and time is running out in small installments. Now it’s time to investigate yourself what your financial life looks like TODAY. Ask yourself key questions about your financial life. For instance, are […]
Endorse the Concept of Financial Planning
In the era of insurance agents, distributors and bank relationship managers, we have grown accustomed to buy an arbitrary insurance policy and buy mutual funds on their recommendations and what we see on the television or read on the internet. People who call themselves financial advisors are always ready to take charge and appear more […]