Importance of Financial Planning | Steps to create a financial plan | Financial Planning Series Financial Planning is an ongoing process to help us make sensible decisions about money that can help us achieve our goals in life; it's not just about buying financial products. Making a standalone investment in a financial product means nothing if we do not know the why I need this money and when do I need it. The process of financial planning should help us answer three questions. Where are we today, that is, our current personal balance sheet, where do we want to be tomorrow, that is, finances linked to our goals, and what we must do to get there, that is, the asset allocation and investment strategy that will help us achieve our financial objectives. Financial Planning is very important for every household and we have explained 7 reasons for this in the video – Inflation impact, Contingency Fund availability, Retirement, Insurance needs, Right investments, Cash flow management and achieving our goals. In the video we have also given the steps to create the financial plan which we will discuss in detail in upcoming videos. Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/yadnyaacademy Facebook Group - https://goo.gl/y57Qcr Twitter - https://twitter.com/investyadnya
Views: 22614 Yadnya Investment Academy
Financial Planning क्यूँ करनी चाहिए? Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals Yadnya Book - 108 Questions & Answers on Mutual Funds & SIP available here - Amazon: goo.gl/WCq89k Flipkart: goo.gl/tCs2nR Infibeam: goo.gl/acMn7j Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
Views: 17233 Yadnya Investment Academy
Want to learn what is personal financial planning and how it can help you? Keep watching the video to find out how financial planning and analysis can be used to help you to save up for your future goals by investing your savings in appropriate schemes according to your needs and risk appetite. Let’s try to understand what is financial planning and the importance of financial planning. Heard of the saying, “By failing to plan, you’re planning to fail”? It’s true! Everything big in life requires planning and execution. Like financial goals. These major goals definitely need a Plan to become a reality! Even more basic goals, like renovating your house, taking a holiday, and having money ready for emergencies are easier to reach if they’re backed by strong financial planning and analysis. What is financial planning? A personal financial plan is nothing but a step-by-step approach to meet one’s life goals. Personal Financial Planning focuses on providing sound financial advice for individuals as well as businesses. Why go for a Financial Plan? Multiple reasons. For one, parental needs are rising, and kids’ dreams are going to cost money. Lots of it! Because don’t forget inflation…It will only make these goals more expensive as time goes by! Good financial planning and analysis, drawn early and wisely, might have been able to save you from a lot of stress! With a strong financial plan, your savings can be directed into suitable investment vehicles, building a corpus for the important things coming up AND preparing you for the challenges that life will continue to throw at you. The point is that to turn any dreams into reality, one needs to plan for it. And planning well includes all the key elements like: • A financial advisor who understands an investor’s needs and goals and can help plan for it • An assessment of the investor’s personal risk to determine suitable products that will meet goals • An Asset Allocation Plan to channelize your savings into suitable investment options • Savings to support or fund those goals • Execution and monitoring through timely reviews The main importance of financial planning is to give investors all the information they need to invest money and achieve their goals, keeping in mind factors like time horizon, taxes, inflation and risk. And with a strong plan in place, you’re more likely to take care of your responsibilities as well as realize your dreams. So go on… dream about as many beach houses as you like but remember to PLAN for them first! Read a little more on financial planning here: https://www.franklintempletonindia.com/templatedata/gw-content/article/data/content-international/en-in-retail/investor/beginners-guide-chapter6-_io04og31 We hope you enjoyed watching this video! Watch more, and we’ll help you learn about different investing concepts. You can also write to us with your feedback (email@example.com) View more such videos in the playlist Franklin Templeton Academy: https://www.youtube.com/playlist?list=PLpDLpRd877mRvP2fuzG7Bby1cwuLQ6i3W Invest in Mutual Funds with Franklin Templeton. Official Website:https://www.franklintempletonindia.com/ Facebook:https://www.facebook.com/FranklinTempletonIndia/ LinkedIn: https://www.linkedin.com/company/3676/ Instagram: https://www.instagram.com/ftiindia/?hl=en Twitter: https://twitter.com/ftiindia?lang=en
Views: 15315 TempletonIndia
For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with FREE Video Lectures by Eminent Authors/Subject Expert. To buy books visit www.goyal-books.com To view FREE Video Lectures visit www.goyalsOnline.com/commerce About the Book » Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi. » Up-to-date study material provided by using the latest available data. » Elaborate explanation of the concepts. » Summary (Points to Remember) given at the end of each Chapter. » Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters. » Methodology of solving typical numerical problems given wherever necessary. » Methodology of drawing typical diagrams given wherever necessary. » Comprehensive Exercises given at the end of each Chapter. » Sample Question Paper given at the end of the book. » Multi-disciplinay Problems given at the end of the books. » Video lectures on each topic with replies to queries for better and clear understanding of the concepts by the Author/Subject Matter Expert. Benefits of Video Lectures » Easy to access anytime: With video lectures, students can learn anywhere from their mobile devices: desktops, laptops, tablets or smartphones. » Students learn when they are primed to learn. » Students can pause, rewind and replay the lecture. » Eases the distraction of having to transcribe the lectures. » Self-paced learning: Students can follow along with the lecture at their own pace, going more slowly or quickly » Bookmarking: Students can bookmark the point where they're up to in the video so they can easily return and continue watching the lecture at a later point. » Searchability: Students can easily search through the lecture to find the required sub-topic they need, without having to rewind and fast forward throughout the video. » Greater accuracy: Students will understand the lecture better and can make sure that they have not misheard anything. » Facilitates thinking and problem solving: It improves research skills, collaborative working, problem solving, technology and organisational skills.
Views: 11378 Goyal Bros. Prakashan - Video Lectures
Diana Wiley, Marketing Director of PHP in Southern California talks about the importance of having a financial plan. No matter how young you are, having a financial plan allows you to take control of your future and improve the quality of life for you and your family.
Views: 794 PHP Agency, Inc.
Certified Financial Planner Sean Weaver discusses the importance of having a plan. A financial plan helps you: -live a more deliberate life -have a framework for making smarter decisions -discover possible financial blind spots in your life -measure your progress and make adjustments WWK's PLAN WELL process gives you the framework and structure to help you make smarter financial decisions. www.wwkllc.com
Views: 56 wwkwealth
class 12 business studies... financial planning ... capital structure... mind your own business video 23
Views: 221530 Mind your own business
Financial planning can be invaluable for creating a roadmap to meet both your short and long-term objectives. This video offers five reasons why advice from an expert, accredited financial advisor can help you get where you want to be. Need more information? Visit our website to read our financial planning advice articles or to contact an accredited financial advisor: https://www.blueshorefinancial.com/ToolsAdvice/Articles/FinancialPlanning/
Views: 926 BlueShore Financial
One of the primary roles of a financial advisor is to formulate a financial plan. Take the Risk Capacity Survey: http://ifarcs.com. Take IFA's Retirement Plan Analyzer: http://ifa.com/ra. IFA.com: http://ifa.com. SEE MORE BELOW. Call 888-643-3133 http://facebook.com/ifadotcom - http://IFAtwitter.com IFA.tv provides webcasts explaining the investing strategies of IFA.com and Mark Hebner's book, Index Funds: The 12-Step Recovery Program for Active Investors, with Foreword by Nobel Laureate Harry Markowitz. See hard cover: http://IndexFundsBook.com The iBook here: http://IndexFundsiBook.com The Kindle edition here: http://IndexFundsKindle.com
Views: 341 Index Fund Advisors, Inc.
http://www.evancarmichael.com/support/ - SUPPORT ME :) Like this video? Please give it a thumbs up below and/or leave a comment - Thank you!!! Help me caption & translate this video! http://www.amara.org/en/profiles/videos/Evan%20Carmichael/ Albert: "What tips of financial discipline should i adopt as an upcoming entrepreneur?"
Views: 4963 Evan Carmichael
Learn how having and constantly updating a financial plan can dramatically improve your retirement planning efforts.
Views: 79 Ray Levitre
In just over 5 minutes Nick Heys, one of our financial planners, will explain why financial planning is so important to ensure you have a happy and financially secure life. See more at http://www.FreedomFinancialPlanning.co.uk or call 01663 747000.
Views: 5363 Freedom Financial Planning
Business Studies Class 12, All Chapters - http://bit.ly/29FqrUq Financial Planning include:- Helps business to prepare for the future Helps in avoiding Business shocks and surprises Reduces wastage and duplication of efforts Link present with the future Coordinates various departments of the organization Serve as control technique Link Finance and Investment Decisions Helps in building sound capital structure
Views: 6089 Prince Academy
This short cartoon video clip uses the famous story "The Goose That Laid the Golden Eggs" as a backdrop to educate people on the importance of savings, budgeting, properly planning, and consulting a professional financial advisor for more advanced personal financial planning.
Views: 11683 OmyenPFI
Why we all need to plan for the future. An excerpt of a seminar from the partners at Crowe Clark Whitehill. View the complete seminar - https://youtu.be/_imHvrFkjeI Want to watch more? Here are the other sections of the seminar: Making Tax Digital - https://youtu.be/G-etlacYYoY Extracting Profit from your company - https://youtu.be/rHOZlTrZPOs Landlord Taxation on Residential Property - https://youtu.be/2r74dBdl998 Year End Financial Planning - https://youtu.be/kpS7jvK0ab0 Pensions Tax Relief - https://youtu.be/P9fh6syepHo Need more advice? Visit https://goo.gl/egCK25
Views: 86 Crowe UK
Financial adviser 'Vaithyanathan' explains the importance of financial planning | Varaverpparai Subscribe : https://bitly.com/SubscribeNews7Tamil Facebook: http://fb.com/News7Tamil Twitter: http://twitter.com/News7Tamil Website: http://www.ns7.tv News 7 Tamil Television, part of Alliance Broadcasting Private Limited, is rapidly growing into a most watched and most respected news channel both in India as well as among the Tamil global diaspora. The channel’s strength has been its in-depth coverage coupled with the quality of international television production.
Views: 30191 News7 Tamil
Watch Natasja Hart, CFP® of CGI Wealth. She answers the following questions: - Why should you have a financial plan? - When should you start your plan? - What are the elements of a financial plan? - Should you review your plan? - Where can I find a financial planner?
Views: 272 Moneyweb
http://www.fee-for-service.com.au Do you know how much money you need to save to meet your retirement goals? Have you started to save for your children's post-secondary education and college? Will your family be able to maintain the lifestyle that you have established and created in the event of death or disability? These are just a few of the many issues that can be addresses in a business plan. Most people have not determined their financial goals let alone developed a plan to reach them. You should first make basic decisions on the road to start your planning process. It is often said if you do not plan where you want to go you will end up somewhere else. You should and must follow a systematic approach to ensure that your goals are well defined and that are set of achievable steps are established and appropriate benchmarks have been put in place. Should you use an investment planner or another outside party? That is a very good question. Woody Allen's joke in 1960 was that an insurance salesman was a person who invested your money till it was all gone is as timely and accurate as it was in the 60's. Only the titles have changed to fool most. The current term is now "Investment Counselor ". Or "Wealth Manager "or some such nonsense. You have several options - a counselor who comes as part of the package - free. Remember that there is no such thing as a "free lunch". The counselor may not charge you directly but somewhere someone has to pay. It is you. The investment or insurance company pays the agent a commission to sell you the product. Guess who ultimately pays the shot -- you do of course somewhere in the product cost or fees that you will pay. Never believe that the agent is there for your benefit. They are there solely for the commission. True, some agents are better, more honest as well as more sincere than others -- actually interested in helping you. If you find such a person they are very rare and exceptional in the financial field. Treat them like gold Secondly there are individual professionals who will help you for a fee. Do not laugh at the cost. These people are doing fee for service as opposed to getting commission off the sales. These people are more objective and not affected by the gold of the commission shining in their eyes. Often the real cost to you as investor is much less than a "free service" from a commission agent. Lastly avoid the "financial advisors" or "wealth managers "at banks, credit unions, saving and loans etc. These are people who are on salary, putting in time. Their only concern is going for lunch and going home at 5 and not getting their boss in trouble so as to draw attention and ire to themselves. They may help you accidentally. However they hide behind the façade and power of their institution. And t hey will generally not be in the position when you need their help with some problem or disaster. They will be long gone transferred to another branch or position and maybe even being promoted. Lots of luck in tracking them down and getting their help. Generally in such organizations as in government jobs ultimately no one is accountable at least to you as a consumer and investor. At least with a commission salesperson you have the ultimate threat "Screw off. I am unhappy. I am leaving and you will lose the commissions and residual commissions coming to you. So you had better take care of this problem. A written financial plan incorporates many different aspects of financial planning. Retirement planning is always popular, as is planning for a child's education. Estate planning is growing in importance as baby boomers age. Investment and tax planning are essential components of a comprehensive plan and other issues such as saving for a major purchase or pension buyout options can be addressed. Whatever your financial goals may be the actual selection of investment products does not occur until much later in the process. The investment vehicles that you and or your advisor select should be chosen for their ability to help you meet your long term personal and financial goals. In order to ensure that your portfolio is appropriate for your objectives you should make certain that your financial pan is current especially in regards to taxation before you invest. Financial planning is a process, not a one time event. A plan that works today may be inappropriate tomorrow due to changes in your life and financial and / or personal circumstances. It is important that you constantly review and access your portfolio for changes and growth either yourself or with meetings with your advisor. Don't wait for spring. The sooner you begin the sooner you will be on your way to your chosen financial dreams
Views: 269 Bruce Graham
Learn key retirement saving strategies for your 30’s, 40’s, 50’s and 60’s. As you grow older, your financial situation and life needs change. Understand the importance of saving for retirement and the steps you should be taking depending on where you are in life. 1:37 “57% of Workers have less than $25,000 saved for retirement” (Source: Employee Benefit Research Institute) 3:55 “It behooves you to start as early as you can because that way the compound of money is going to work the best for you” 4:31 “Max out your 401(k) as much as you can or at least to the match” 5:46 “You have to take a look at paying yourself first, keeping those expenses under control, and then if you do get a bonus or if you get a raise, try to save half of that” 6:29 “This is a great opportunity for the younger generation to take control of their finances and start saving” 7:45 “According to U.S. News, when switching jobs there are three ways that you that could avoid paying taxes or early withdrawal penalties from your 401(k). First, you can leave it in your old 401(k), second, you can roll it over to an IRA, or third, you could transfer the balance into the 401(k) at your new employer.” 10:24 “I think the first thing [40-year olds should do] is setting a goal, establishing a saving goal, whatever that may be” 11:08 “Go higher than you think you’ll actually do…I think if you set it high and it’s automatic, especially if you’re saving in your 401(k), it’ll be out of sight out of mind; you’ll end up saving a lot more than you think you actually can” 12:18 “I would say there are three key things: make sure to pay yourself first, make sure to choose the appropriate investments, make sure to monitor your progress and see where you’re at” 15:00 “If you’re 50-years old or you’re 55, here are the steps: you want to start right now (can I cut some spending?), then from there you can save more, manage the assets appropriately” 15:10 “If you do not have a 401(k) plan, try to save into an IRA, or a Roth IRA, after those look into non-qualified investments or stocks or bonds…save, save, save: that’s the key” 18:23 “The younger generations are not taking the appropriate amount of risk in their overall portfolio” 18:38 “One of the things that you absolutely need to figure out is what is the retirement date? It’s not this arbitrary number; you want to make sure you have enough capital to maintain a lifestyle long-term” 18:54 “Believe it or not there are over 500 ways to collect Social Security if you’re married” 19:16 “For people who can afford to wait, wait on your Social Security, you can wait as long as age 70 when you’ll get the maximum amount possible on Social Security, and that will last the rest of your life and it’s indexed for inflation” 23:31 “If you’re a first-time home buyer, there are special rules within the IRS legislation that allows you to take money out without the penalty” Aired 5/2/15 If you live in southern California and would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-ass... Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Channels & show times: yourmoneyyourwealth.com http://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Views: 21579 Pure Financial Advisors, Inc.
"Want to learn what is personal financial planning and how it can help you? Keep watching the video to find out how personal financial planning can be used to help you to save up for your future goals by investing your savings in appropriate schemes according to your needs and risk appetite. Know about money management in Hindi. Let’s try to understand what is financial planning and the importance of financial planning. What is financial planning? Financial planning is managing your money wisely to achieve your financial goals. The point is that to turn any dreams into reality, one needs to plan for it. And planning includes key elements like: • A financial advisor who understands an investor’s needs and goals and can help plan for it • An assessment of the investor’s personal risk to determine suitable products that will meet goals • An Asset Allocation Plan to channelize your savings into suitable investment options • Savings to support or fund those goals • Execution and monitoring through timely reviews The video tells you about managing money in Hindi so that you do your personal financial planning wisely and achieve your financial goals! Read a little more on financial planning here: https://www.franklintempletonindia.com/templatedata/gw-content/article/data/content-international/en-in-retail/investor/beginners-guide-chapter6-_io04og31 We hope you enjoyed watching this video! Watch more, and we’ll help you learn about different investing concepts. You can also write to us with your feedback (firstname.lastname@example.org) View more videos on personal financial planning in the playlist Franklin Templeton Academy: https://www.youtube.com/playlist?list=PLpDLpRd877mR5eGKJ9WaC5H-RkTfdnWas Official Website: https://www.franklintempletonindia.com/ Facebook: https://www.facebook.com/FranklinTempletonIndia/ LinkedIn: https://www.linkedin.com/company/3676/ Instagram: https://www.instagram.com/ftiindia/?hl=en Twitter: https://twitter.com/ftiindia?lang=en "
Views: 4908 TempletonIndia
May 30th Dollars and Sense Topic: The Importance of Discipline in Your Financial Plan "More Living with Jim Brogan" airs each Sunday on NewsTalk 98.7 FM WOKI from 7 a.m. to 8 a.m. and can be heard throughout the East Tennessee area. Each week during the show, Jim records a "Dollars and Sense" segment which provides listeners with the week's featured financial tip.
Views: 44 Jim Brogan
Financial adviser Ray Lucia discusses the importance of creating a financial plan, especially if you are planning your retirement.To view over 15,000 other how-to, DIY, and advice videos on any topic, visit http://www.monkeysee.com/
Views: 169 MonkeySee
Abdul Razak Bin Mohamad Yusoff Assistant Director, Investment Advisory iFAST Global Markets 1. Why do we need to have a financial plan? 2. When do we need to start financial planning? 3. So, with that being said about the importance of financial planning, why should someone engage a financial adviser instead of doing it themselves? 4. What are 3 key questions to ask our financial adviser while doing our financial planning with him/her? - How do advisers get paid? - What kind of research do advisers do? - What is your adviser’s service strategy?
Views: 218 FSMOne
RTM TV2 - Hello On Two 13 Oct 2011
Views: 416 pishyposse
A program meant to commence your mornings in a lively and meaningful manner. Interesting facts about Tamil, complete details of things familiar to us. Plus a lively discussion with the guests on the Importance of every book are all contained in this radio program. SUBSCRIBE for More Updates: http://bit.ly/1KcnRTs Connect With Us: http://www.puthuyugam.tv/ https://www.facebook.com/Puthuyugamtv https://twitter.com/PuthuyugamGec
Views: 9453 PuthuYugamTV
The biggest mistake which we make in investing in not understanding the importance of Time Value of Money. This leads us to believe the off the shelf insurance products which are marketed to us are actually very god investment avenues. This video looks at the mathematics of a traditional Money Back Plan and compares it with a combination of Term Plan and Mutual Funds. Watch the video to know the results... To know more about Financial Planning, kindly send mail to email@example.com. Thank you for watching, liking and sharing our videos.
Views: 19260 Money Bee Institute Pvt. Ltd
Just like we've realized the need to protect our environment, we should sustain ourselves in the future. And the first step to do so is financial planning. Check out this video to get an idea of how environment and finance are similar. Subscribe to elearnmarkets for more such content: https://bit.ly/2JuEHoV
Views: 2271 Elearnmarkets.com
Financing is important for a majority of Americans who want to acquire products, property and services. Hear about the importance of finance from a registered financial consultant in this free video on financial planning. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Views: 199 eHow
Mr. Armand Q. Bengco, Executive Director of Colayco Foundation discusses financial planning. In this episode Mr. Bengco Explains the importance of Financial planning and why you should plan first before start anything in your personal finances. Want to know more about the 10 commandments of financial management? Too lazy to go to a seminar? Why not watch a seminar in the comforts of your own home! Seminar School Plus is a weekly television program at RHTV, that features various financial topics presented in a SEMINAR-TYPE format. Every week, topics are always presented in a highly-informative but engaging manner, enabling viewers to experience a real live seminar insider their own homes. It is as if you are present in an actual seminar! Seminar School Plus is shown every Saturday, from 1:00 pm to 2:00 pm. Visit www.colaycofoundation.com and www.franciscocolayco.com Like us on Facebook www.facebook.com/franciscocolayco www.facebook.com/armandbengco Attend Colayco Foundation's Seminar in Personal Finance, Investments,Debt or retirement.call us 637-3731;637-3741 SMS 0917-863-2131. for a list of public events visit www.colaycofoundation.com
Views: 15061 Colayco Financial Education
Anne Fuchs of MAP Financial Planning talks about why planning for the future is important and how MAP can help you plan your goals.
Views: 79 MAPSuper1
Please watch: "MUTUAL FUND PORTFOLIO ALLOCATION FOR 2018" https://www.youtube.com/watch?v=XaBzxPrBGrM --~-- why financial planning is important?? - why financial planning is necessary for everyone - Inflation reduces the purchasing power of money - how to set up the financial goal - how to achieve the goal - important aspects in financial planning - financial literacy in india
Views: 94 I SPEAKS
During difficult times in the global economy, having a strong plan for your personal finances allows you to feel more in control. Watch this video to learn other reasons what exactly a financial plan is (and is not) and what it can do for you.
Views: 192 TrideltaFinancial