Financial Planning The Need of The Hour
Dalal Street Investment Journal|August 16, 2021
Aseem Sen Gupta Co-Founder, Guardian Capital Investment Advisors Pvt Ltd

First, what is a financial plan? A financial plan is a tool that puts together all aspects of your financial life in one place. It addresses what are the goals or key milestones that you want to achieve, what they mean in financial terms, assets and liabilities created so far, cash flow, etc. The aim of such a plan is to match assets and cash flows to the goals and provide an understanding of how an individual can go about achieving various goals. Second, why is financial planning important? A financial plan forces an individual to think hard about what is being done with the income generated and helps him or her track it regularly.

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