The Financial Planning and Investment Series (FPIS) is a beginner’s guide to help you manage your money effectively and reach your financial goals.
In this first part of series, we will introduce you to the basic concept of finance planning and its importance.
What is Finance planning?
Financial planning is process of creating a roadmap to achieve your financial goals. It includes analysing your current financial situation, settings financial goals, planning budget, saving money, tax planning, investing, and managing risks.
We will understand these financial concepts step-by-step using simple language. We will explores different types of investments also, such as Fixed Deposits (FDs), PPF, EPF, NPS, Stocks, and Mutual Funds etc, to help you make informed investment decisions. If you are interested in diving deeper, we will also provide top references videos from other experts at the end.
Why Financial Planning is important?
Here are top 3 reasons why financial planning are important:
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