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Rajesh Singla

Four blockers in financial planning: Many people don’t know what is financial planning & doesn’t understand its importance or impact ...

Stockssavvy launches it Financial Planning Services

Rajesh Singla

Four blockers in financial planning: Many people don’t know what is financial planning & doesn’t understand its importance or impact - Generally young generation people who doesn’t have liabilities comes under this category. The one who do know financial planning & importance of having one doesn’t know how to start an apt financial planning. Lack of knowledge on financial products & their returns confuses most of the people. Either these people gets trapped by insurance agents who recommend them policies which proves no good to their hard earned money without understanding their financial goals & wishlists or these people get tips from their friends & relatives who will advise them to take on that particular investment because their agents would have suggested it . Lot of Young married people comes under this category. The one who do know how to set their financial goals & how to start financial planning lacks the desire to start it. Even after knowing all the benefits of regular saving, they don’t have the desire to start it. To our dismay, lot of people comes under this category too. For these people, world is not coming to end tomorrow. Hence, there seems to be no rush. The one who understands & wants to start their financial planning without any further delay doesn’t have the required money to start with. Share here which category you belong to. The first step to start financial planning is to understand where one is right now & where one want to be after specific period of time. To be part of one of these 4 category means he has identified the root cause. Half of the problem is solved once root cause is known. That’s the reason I urge readers to talk about it in this forum & get your financial planning on track as soon as possible.

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