Financial Goals Planning and Management

We Work With Individuals and Families in All Phases of Life.

Your personal finances and investments can become overwhelming and complex. At Sampadha, our main goal is to simplify your financial life.

Financial Goals Planning and Management:

1. Life Events Assessment, Prioritisation and Planning

2. Stages of Life Issues and Considerations

3. Milestones Analysis

4. Unique Requirements and Strategies

5. Missed or Non Considered Life events Analysis

6. Key Concerns Analysis and Prioritisation

7. Life Goals Assessment, Prioritisation

8. Segregation of Goals for Tax Benefits

9. Statement of Goals, Prioritisation and Planning

10. Allocating money, assets, liabilities for Goals

11. Develop Savings Strategy for Goals (Lumpsum vs Regular vs Combination)

12. Tax Optimisation for Goals Assets

Few myths and misconceptions of Financial Goals Planning and Management

  • Women are not required in taking part of their financial planning.
  • Any kind of financial emergency if arises can be easily solved when they arise.
  • Saving and investing are same.
  • Any kind of debt can be paid easily.
  • I have well planned financial plan.
  • Their loans and EMI's are the best of industry.

Few mistakes of Financial Goals Planning and Management

  • Financial mistakes may be a result of several reasons like ignorance, fear, ego, desire for immediate gratification and many more.
  • Not having a long-term financial strategy.
  • Not tracking spending, Failing to work within a budget, expensive hobbies.
  • Looking for the quick fix.
  • Not learning from others mistakes.
  • Not Budgeting For Non-regular Expenses.
  • Assuming bad things won't happen.
  • Underestimating Healthcare Costs, Putting Off Buying Life or Health Insurance.
  • Not protecting your assets, Leaving Valuables Uninsured.
  • Procrastination on the savings front. (People, particularly young people, often say, 'I'll start saving later, when I can afford to." This overlooks the tremendous power of compounding. Catching up takes a lot more money than most people realize.)
  • Not understanding the value of time/time value of money.
  • Individuals opt for the product-centric advice rather than need-based advice.
  • Believing that Financial Planning and tax planning are same.
  • Not considering the effects of fees/taxes/inflation.
  • Not considering risks (inflation risk, credit risk, default risk, market risk, economic risk, specific risk)
  • Neglecting to re-evaluate their Financial Plan periodically.
  • Thinking that Financial Planning is only for the wealthy, when they get older, is the same as retirement planning.

Are we right for you ?

Find out if we’re a good match for your financial planning and investment management needs. We offer a free, no-obligation consultation to help us get to know each other. We can meet by phone, in-person, or online.

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