Seven steps to financial freedom

B.Supraja lakshmibifaasB8-08

Monika halan

Book review on,

Details of book

ISBN : 1403926468ISBN-13 : 978140392646Bin : PaperbackPublishing Date : 2005Publisher :

MacmillanPublisherIndiaLanguage: : English

About the author Current :

Editor Mint Money at HT Media,Director at FPSB India.

Past :

Yale World Fellow, 2011 at Yale University,Advisor at PFRDA,

Editor at Outlook Money.

Education :

Indian Psychology InstituteCardiff University / Prifysgol Caerdydd

Seven rules of book1) Find the bearings.2) Protect the present.3) Identify the assets.4) Choose the route.5) Put it all together.6) Begin the journey.7) Review the progress.

Contents:

Find The Bearings :1) Your current financial status.

2) How to calculate your net worth.

3) Public provident fund

Protect The Present :1) Insuring your assets and income.

2) How much insurance should you buy.

3) Insurance tips

Identify The Dreams :1) Setting your goals.2) The principals goal setting.

* Quantify goals. * Time frame goals.* Prioritize goals

Choose The Route :

1) Risk profiling and asset allocation.

a. Reach-me safe-and-slow route.b. Get-me-there-quick-routec. Make-good-time-route

2) The kinds of risk.

Put In All Together : Making your own plan.

* Insurance.* Goal setting.* Retirement planning.

Begin The Journey : Implementing your plan. The stages of plan implementation.

* Sell unsuitable investments.* Buy the right products.

Review The Progress :Monitoring your plan. External changes. Internal changes

CONCLUSION

• In the book seven steps to financial freedom conclusion is planning the money in financial freedom for how to earn, how spend, how to invest