FINANCIAL FREEDOM IS OVERRATED. FINANCIAL WELL-BEING IS UNDERRATED

In recent years, financial freedom has been portrayed as the ultimate dream—a point in life where your wealth works for you and you never have to work for money again.

- Sadique Neelgund

And then there is the feeling of security, control, and confidence when your finances support your life instead of being a reason for stress-that's financial well-being. Also, there are financial planners that emphasize that financial planning is the most important aspect of money management.

In this age of information overload, let's understand these three terms and what should matter the most.

Financial planning—The roadmap

The money journey should ideally begin with financial planning. It's about bringing order and purpose to your financesexpense budgeting, building an emergency fund, managing loans, insuring your family, investing for goals like education or house, planning for taxes & succession and also planning for the big goal-retirement or financial freedom.

It's your financial map-you know where you are today, where you want to go and have a roadmap for future.

Yet, while planning offers control, it doesn't always offer peace & joy. Many who have the perfect spreadsheets still feel anxious. Many find planning to be either a tedious or boring exercise.