Goal Planning

Journey towards financial independence

Journey towards financial independence

My personal journey towards financial independence

Subramanian
I have been recently reading this book called Power of Habit which gives great insights on human psyche. Habits have a profound say in our day-to-day lives : The decisions we take, How and why small wins matter ? The cue, the routine, the reward Can we change our habits ? Michael Phelps, Tony Dungy, Claude Hopkins all have something in common. They all created habits which made them successful.
Goal Planning - Goal - Part 7

Goal Planning - Goal - Part 7

Monitor your goals and the assets associated with that

Subramanian
Monitoring helps you determine exactly when a goal is on track. It provides you a feedback which incorporated allows you to make rectifications and therefore achieve your goals which you have laid out earlier. Feedback is important as it could tell you whether the path that you have chosen to achieve your goals is correct. It is a vindication of some sort. A reality check. It gives you an opportunity to correct your deviations and take you towards your goal.
Goal Planning - Goal - Part 6

Goal Planning - Goal - Part 6

Identify your goals and prioritize them

Subramanian
What are goals ? As an individual / family, you have a vision or a personal objective/s that you would like to meet in your lifetime . Some / all of these objectives may need to be financed . Therefore having a goal makes sense. Goals have to be SMART . Create a plan to achieve your goal Execute the plan. Examine results of your execution.
Case Study - Growing Annuity with mutual funds

Case Study - Growing Annuity with mutual funds

How to construct an annuity with mutual funds ?

Subramanian
Growing Annuity @ Retirement Mahesh is 45 years old and his current expenses are Rs 75,000/- per month . He plans to retire by 60 and would like to have an annuity which would pay him enough for his current expenses. He would like this annuity to increase by 5% every year considering inflation in mind. How much should he start investing now so that it takes of my retirement till 85?
Goal Planning - Emergency Fund

Goal Planning - Emergency Fund

What all do I own ?

Subramanian
Emergency fund as the name suggests is the money that you would touch when you have an emergency. Emergencies could be : Medical Emergency Job loss etc… What is an emergency fund ? Emergency funds help you take care of the financial aspect of the emergency. During COVID-19, there were many people who have lost jobs. Job loss could be reasons out of your control and therefore it is imperative that you are prepared for it.