A road map to financial success -- Sky is the limit

What is a financial plan

Help clients take control of their finances

Home loan = 25 L Car loan = 3 L

A typical family

Liabilities

Rajesh Arora and Sunita are the proud parents of two lovely girls; Shivani who is 6 years old and Madhu who is 4 years old. Rajesh is working in a multinational and Sunita is a home maker. Rajesh’s net income post tax is Rs. 75,000 per month. His expenses per month are Rs 30,000/. He also supports his parents with Rs 10,000 a month. His net assets total to 50 L including the house they are living in

To build a separate fund for vacation expenses of Rs 2 l ( current cost) every year, 10 yrs so that the corpus built is self sustaining till the marriage of Madhu

Marriage expenses of Rs. 15 l (current cost) for each child at their respective ages of 21 years.

To provide a higher education for Shivani and Madhu. Initial expenses at the age of 18 for the two girls will be, Rs3 L , (current cost), and subsequently Rs. 2 l for the next two years, and Rs. 3.5 l p.a. for the following 2 years.

Retirement corpus at the age of 58 years to sustain 70% of pre-retirement household expenses till his lifetime and 50% till Sunita’s expected life.

Their goals are

Income/ expense

sWrite a

planMonitor /Review

Wealth

Net worth

analysis

Financial Planner’s role

Goals

Building a financial house

7

The process

Wealth Distribution

Wealth accumulation

Wealth protection

• Today’ s many choices

• When there are no choices, there is no need to choose

• • When you don’t have to choose, there

is no need to decide

• When there is no need to decide, there is no need to get advise

A likely question• Do I need a qualified financial planner ?• I already have an advisor• I give all money to my husband/ father• I have no investment surplus• I am very busy . Where do I find the time?• I believe investing in Real estate• I am a business man . Do I need advise

You may contact us for the first free analysis of your financial health

Many financial dreams are thwarted by not following the good intention of doing it.

If you want to reap financial blessings ,you need to sow financially now

Phase out money challenges by careful planning

A Comprehensive financial plan

S

Soumya RamalingamCertified Financial planner

Mob: 98405 79659www.ennsignn.org