Where do you stand, how much investment is required and how is the preparation …

Financial Planning : Savings account or Investment in the stock market / MF does not work...

Crores / 10 Crores... If collected then I leave my Job / Business and live a comfortable life...

99 people out of 100 people think of this idea... 

But how many can implement it? Not even 1 % out of 100 % !! The biggest reason behind it is a lack of mindset and planning.

I have seen 80 % of Investors who come for financial planning who have the mindset of financial planning that is done indiscriminately in 

Savings account, Fixed Deposits,
Stocks - Demat account, 
PF - PPF,
Life Insurance, 
Gold -Silver,
Property.

But the way you pre-plan for a career, what is your choice between Engineer / Doctor / CA / Advocate / Government Job, whether you will be able to acquire the qualification/expertise for it, and how soon after acquiring it? Achieving promotion/growth... Checks several parameters including Only then do you gain study, skills, and experience.

Similarly, financial planning is a chart of your financial life that shows how much you will earn over the years, including education, career development, marriage, parental care, asset creation, etc. Provision for all expenses including entertainment and last but not least planning how much income you can generate during retirement is essential.

For that, first of all, you must develop clarity about several things.

Even after reaching the age of 35 years, the earnings are Rs. 10,000 to 20,000 will be Rs. 10 / 20 thousand and will say that before retirement we want to have a luxurious bungalow, expensive cars, travel abroad, and fulfill all our hobbies. But they do not think about where they stand now and how far they can reach.

But if you are serious about financial planning then it is necessary to participate in the following discussion.

When planning investment it is never too late to plan and execute. Morning since waking up. Planning can make your financial life very light (light) and limelight. Benefits of investment planning for investors of different age groups 

25 - 35 : Planning and implementation from the beginning, you can save time, and enjoy early retirement.

Especially since young investors have high risk/return capacity, up to 70 % of earnings can be invested in long-term equity/equity mutual funds with little risk and high return.

35 - 45 : Control over unnecessary expenditure, will be able to get control over indiscriminate expenditure- investments.  Timely retirement will be assured. 50 percent of the savings can be invested in equity/equity mutual funds as 25 / 15 years is enough time.

45 - 60 : Increases against the onset of limitation in earnings will help to ease the burden of liabilities, preserving resources post-retirement.

Despite reduced risk-return capacity, 30 percent of savings can be invested in equity/equity mutual funds to earn decent returns. where do you stand What are your goals? How much is the current earnings? What will be the pre-retirement earnings? How much is currently saved? How much will be saved before retirement? How much is the required cost now? How much will retirement... 

Which sources will you invest in? From which source will you withdraw? How much is the ancestral property? How much property will you give to your children?

Put another way, money saved early in your life is worth more in retirement than money saved later in your life because it would generate more interest over time. You can then combine the effects of compounding interest with a slightly riskier portfolio to further accelerate your account growth.

Happy Investing