You want a dream car, you want a dream vacation, you want a dream home and you want a dream life. But then you wake up. You look at your pocket and you wonder if your dreams will ever come true.
Don’t lose hope! Dreams are attainable once you set your mind to it. A little bit of saving, and some patience, that is all you need to make all your dreams come true. And of course, you also need to do a thorough financial assessment of your earnings and their distance from your dreams. Financial Assessment in India is a relatively new term.
Financial Assessment Includes:
- Cash Flow management- how much cash you really need for your fixed and variable expenses, and how much you can save.
- Investment decisions- how to get maximum returns from your capital. This also includes minimizing your tax liability.
- Future planning- for you and your family’s requirements - in the short, medium as well as the long-term.
Remember how you used to save in your piggy bank for that one special toy?
Financial assessment is a grown up version of that kind of planning. It takes into account the various life events, foreseeable and unforeseen. What it does is realistically analyze your income, adjusts it to expenditure and inflation, and then tells you how you can save to fulfill your dreams, one step at a time. Take this ladder to your dreams.
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