FINANCIAL PLANNIG

START

IN AGE OF 20SWHY?

By Zil H. ShahThe 20s

Next we see which thing include in financial planning.

Firstly know about financial planning in very simple way.

HOW’S IT’S WORK?

Mainly financial planning work with three step. •Dream •Plan for dream•Track for planNow we see when we start financial planning.

Life cycle with event

WHICH AGE IS BEST FOR FINANCIAL PLANNING?

•Above diagram show how changing in age is related to financial planning.•Diagram also indicate major of financial planning event start from 20s.

•Diagram indicate after 20s major financial event start because income of the person should start. •If a person miss this time to start financial planning it is very difficult to protect their future and full fill their needs.

The 20s

Important of 20s age to start financial planning is can understand by two ways.

1. Technical –In this way we refers number. How financial planning start in early it prove very healthy wealth.

2. Fundamental-In this way we refer how fundamentally early financial planning create smoothness for future

The 20s

Starting age :25 yearAmount :5000 rs.Ending age :60 yearTotal year :35 yearOf investmentTotal investmentAmount :2100000Rate of return :15%(CAGR)Amount after 35 Year :74303272

The 20sA person who start investment at there age 25 and 35. Different between

their age is 10 year. There investment amount 5000 monthly. Let’s see there difference….. Starting age :35

yearAmount :5000 rs.Ending age :60 yearTotal year :25 yearOf investmentTotal investmentAmount :1500000Rate of return :15%(CAGR)Amount after 25 Year :16420375

Difference

Investment year:10 year

Investment amount:6000

00Maturity

amount:57882897

The 20s•The 20s are a crucial time to start building wealth, because the compounding power of time is on your side.•Your 20s are also a time when you can afford to invest aggressively—and take on a little more risk in order to earn better returns.•In 20s you are refer to your protection(insurance) it is may very cheap then 30s so it is cost cutting.(low term plan premium)•In 20s a person have less contribution towards family so a person can manage their financial planning as well as their entertainment also.

The 20s•In 20s a person who start earning so their need also start and because of they young people there needs also different. their needs like latest mobile, stylish car or bike ,weekly entertainment, etc. so with the help of financial planning a person can achieve these goal and secure their future with hurdle less way.•So above discussion we find that start financial planning in 20s it help fulfill wants and secure future with healthy wealth.

The 20s

Thank you

By Zil H. Shah