Financial Planning Psychology
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 Planning Psychology:
1. Financial Illness Mindset Analysis
2. Financial Fitness Mindset Analysis
3. Financial Wellness Mindset Analysis
4. Financial Planning Responsibilities
5. Money Qualities (Positives and Negatives)
6. Envisioning Ideal Life and Goals
7. Money Rights and Wrongs
8. SWOT Analysis
9. Analysis of UnRegulated Investments vs Regulated Investments
10. Reducing Market Noise and Focusing on Goals
11. Financial Coaching for Implementation of Plan
12. Tracking of Progress for Financial Goals
13. Support overcoming financial biases
14. Support Overcoming the Investment Behavior Gaps
15. Profile of Risk Profile
Few myths and misconceptions of Financial Planning Psychology
- People believe that they know well about their personal financial situation and they can well manage their personal finances rather than any one.
- They don't need any ones help in analyzing the decisions and implementing.
- Discussing personal finances with others might degrade their status.
- They believe that they know well about each and every aspect of their personal financials and financial instrument and their implications.
- I have lot of wealth; I don't need any financial plan.
- My earnings are very meager; so I don't need any plan.
- Assuming both needs and wants are same.
- People think that they are doing lot more to their beloved in terms of finances.
Few mistakes of Financial Planning Psychology
- People don't have enough time to spare to think about their financial situation, and planning. (Do u know it takes more than 12hours to analyze your current financial situation?)
- People believe that they don't face any financial crisis forever and they can easily get rid of them when the crises arise.
- People follow some suggestions which are given by their neighbors/friends/relatives that have very minor knowledge on financial products.
- People are more focused to enjoy today rather than to think about tomorrow.
- Being emotionally attached with financial products.
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.