Setting Goals – Differentiate Needs and Wants

Posted by Manikaran Singal on May 22, 2012 in Financial Planning | 0 comments

Setting Goals is the most important aspect in financial planning, as it sets our target for which we have to arrange our resources. But this is the most confusing and difficult task for many. When I ask people to write down their goals, many write as: big house, big car, super education for kids, exotic foreign vacation etc. It is only when I sit and explain them the difference between needs and...

Discipline and Consistency Helps in Achieving Goals

Posted by Suresh Sadagopan on Mar 31, 2012 in Financial Planning | 0 comments

Slow and steady wins the race , they say. But the tortoise, which vanquished the hare in breasting the tape, in Aesop’s fables, is not everybody’s idea of  a winner.  Like the hare, many sleep through their working lives. They wake up one day and decide to do something about the lost moons. When they meet us ( Financial Planners ), they give the impression of a tornado & typhoon rolled...