Created by : www.prudentfp.in

Starting Your Prudent Financial Plan:

Created by: www.prudentfp.in

dfdf

Suresh K Narula, CFPCM

Having No Financial Plan

• You EXPERIEMENT with your hard earned money

• End up buying financial products which you MAY NOT NEED

• Travel a journey without a DESTINATION…

• Fail to understand the impact of the DEVIL INFLATION

• Stop Playing 100% in your financial life

• Under Agents and Distributor's CONTROL

• Financial Life is running Luck by Chance Not Luck by CHOICE

Have you got the Answers? Do you know if your PF would be enough to give you a comfortable

retirement? Do you know how much you need to invest in order to have a

comfortable retirement? Do you know how much you need to save up in order to get Kids’

education and marriage after 15-20 years? Do you know in which investment avenues should you invest your

money to achieve these goals? Do you know how much and what kind of life and health insurance you

should buy? Do you know what is your net worth and asset allocation?

IF NOT, FINANCIAL PLAN WOULD HELP YOU ANSWER THESE QUESTIONS, AND MORE…

FINANCIAL PLAN?

_________________________________

Financial Plan provides a ROAD MAP your FINANCIAL LIFE and can make the

journey less stressful, more fun and more successful.

_________________________________

-YOU CAN START RIGHT NOW-

We believe

The First step not making INVESTMENT but

PLANNING for everything and then EXECUTING it

Destination: Setting Goals

Identifying Your Financial Goals Classify financial goals based on your priority and proximity Quantifying your goals SMART goals lead to SMART results

SMART Specific, Measurable, Attainable, Relevant, Time-bound

SMART Success, Momentum, Attitude, Result, Trust

Starting Point: Where are you now?

Measuring your Financial health Determining How Your Money Moves List everything you owe (liabilities) and you own (assets) Track your monthly income and expenses Pay yourself first

Savings • Income - Expenses

Expenses • Income -Savings

Avoiding Potholes : Protecting Goals

• Job loss• Family Problem• Temporary Disability• Critical Illness• Health Issues• Accident• Debt Trap• Natural Calamities • Death• Any unforeseen event

Destination: Setting the Goals

When GOALS are: S-M-A-R-T These RESULTS arrive:

Specific

Measurable

Attainable

Relevant

Time-Based

S

M

A

R

T

Success

Momentum

Attitude

Reality

Trust

Simple Three Step Approach

Realize You and Your Goals, Setting and Quantify them and putting in time frame

Provide a roadmap, Analyzingthe information and Construct a Plan

Sound recommendations, Implementation andMonitoring and Reviewing

Your Financial Plan will contain

Family Details , Plan Assumptions & Logics Articulation of Goals & Objectives

Net worth Statement(Personal Balance Sheet)

Current & Recommended Asset Allocation

Current Infl ow Outf low Statement Goal Funding Map with Current Assets

Analyzing Current Mutual Fund, ULIPs and insurance & General policies analysis

Children’s Future Planning (Education & Marriage)

Analyzing Current Debt & PO Schemes Retirement Planning

Current Financial Discipline & Well-being Chart House Purchase Planning

Contingency Fund Requirements Car Purchase Planning

Life Insurance Need Analysis International Vacation Planning

General Insurance Need Analysis Any other goals of your and family

Prudent Financial Planning Process

Payment of Fees

Letter of Engagement

Data Gathering

Draft A Financial

Plan

Implement Financial

Plan

Periodically Review

What you can expect from this exercise of Prudent FINANCIAL PLAN

1. Clarity about your financial goals and how to achieve them.

2. How will Inflation affect your Financial Plan?

3. Are your savings & investments being channelized efficiently?

4. Analysis of your existing financial products that you own.

5. How much money should you invest for your goals?

6. Everything in your financial life gets on purpose.

7. Helps you with Product selection.

8. Now, everything has cleared, Not doubt again and again.

Why Prudent Financial Planners? Suresh Narula is the Founder & Principal Planner of Prudent FP He is also CFPCM Practitioner and offered Comprehensive financial Plan He is member of The Financial Planners’ Guild India, Mumbai Suresh regularly writes in Dainik Bhaskar and regular contributor in

Samadhan section of Businsess Bhaskar He also holds MFC and M.com degree from a leading Universities in

Chandigarh and Himachal Pradesh respectively. Do NOT give any advice unless he knows all details of assets, liabilities,

income and expenditures Thinks about YOU and realizing YOUR GOALS Healthy discussion over “your way” vs. “over way” Has excellent network of Corporate Agents and other Professionals Client centric and Action oriented approach

Schedule a Free Meeting

Reach us at : info@prudentfp.inCall: +9198160 02197

Thank youWebsite: www.Prudentfp.inBlog: www.sureshcfp.com

Disclaimer A Financial Plan is a generic direction to your cash flows over a period of time. Your future financial condition may

alter due to changes in income/expense patterns, new family commitments, macro economic scenario etc which may prompt you to alter some aspects of your goals and add new goals. Therefore this Financial Plan and the Cash flows depicted in it should be used to give you a long term direction for managing your personal finances while taking immediate actions as a step towards accomplishing your financial objectives.

These recommendations are subject to review at the time when you are actually taking actions as recommended because of changes in legal circumstances, economic conditions etc. If considerable time has elapsed since the date of this plan, you should not act on any specific recommendation without further consideration with the planner.

Returns from each recommended investment will vary in line with market conditions and investment policies of the fund manager. Income and growth assumptions are intended as a guide only and should be treated with caution. The planner should not be held responsible for the accuracy of the same. Most equity/ growth investment are long term in nature and significant variations including capital loss, may occur over shorter periods. Neither the authorized representative nor the company guarantees the performance or return of capital on any of these investments. Performances of investments are subject to market risks. Past performances of a particular asset class or investment may not be the true indicator of their performance in future.

These recommendations are based on the information you have supplied. If any material information has been withheld or any inaccurate, these recommendations could prove to be inappropriate for you.

While we have made every attempt to ensure that the calculations contained in this Financial Plan are correct and complete, kindly note the plan may contain inaccuracies or errors due the manual-computer interface involved in making the calculations and we expressly exclude liability for any such inaccuracies or errors. In the case where a error or omission is involved, you can request us to rectify the error or omission, we shall do needful.