Celebrating Financial Freedom


Financial freedom is the path towards the wealth you desire, without any fear or doubt that you’ll reach your goals. It is an understanding of who you really are and what you really want in life. It may have different meanings for different individuals, in line with each one’s goals and aspirations.

As you proceed with your goals, you might have to run into some challenges. This is part of the learning process in achieving your dream and hence, the beginning of your journey to financial freedom.

Financial planning and wealth management does not merely give us money, but a sense of freedom, a sense of wealth and a feeling of abundance to achieve the level of richness you desire.

Investment God Warren Buffet says, “If you don’t find a way to make money while you sleep, you will work until you die.”

The key to investment is passive income. the passive income that you generate from your investment is a reward you can reap for years to come. Therefore, the only reason to invest is to have an income for life without working. In addition, it empowers and motivates you into believing that you can work towards and fulfil all your desires.

Last but not the least, a transparent and trustworthy relationship with you financial adviser is extremely important to gain this Financial Independence.  A sound financial advice and a healthy adviser-client relationship helps an individual not only financially, but also contributes to his/her emotional well-being. Hence, a good financial adviser can help bridge the gap between an individual’s health and wealth.

What Matters most is that you master money and it doesn’t master you. Then you are free to live life on your own terms.” – Tony Robbins 


To know more about financial planning and wealth management, please visit: http://www.29kadvisers.com/

Monitoring your goals and Looking ahead – Step 5

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Plans evolve and change just like life. Hence, financial plans need to be tweaked from time to time. As it is said, “Nothing remains constant except change! The term financial planning is used instead of a financial plan, is because there is a need to make such plans time to time because of monetary changes as well as changes in your goals and aspirations. Therefore, re-evaluation of  your plans on a periodic basis, is necessary for each active investor.

Monitoring your plan includes reviewing your goals and market situation on a periodic basis. Investments are selected on the basis of the past performance with an assumption that they will perform in a similar manner in the future. But there are probabilities when future performance can diverge from past performance, due to market fluctuations, financial changes or changes in client needs and desires. Hence, the final step is to keep monitoring your capital investment. Constant Revision of your goals and market situation will assist you in whether to stay invested or to look alternate investment opportunities.  Therefore, these changes can be made in the light of personal, business or family circumstances.

Hence, we can say that Financial Plans are “living documents” and are continually edited and updated.

Development and Implementation of your Financial Plan – Step 4

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Planning your finances requires devising the appropriate plan for your financial journey. With numerous investment vehicles and types, it is essential to understand the ones that will cater to the achievement of these goals. Hence, your plan needs to be developed and evolved with respect to your financial position and goals and within the client’s risk tolerance and capabilities.

Development of the plan involves selecting a set of investment options as per your requirement and analyze these investment options based on past historical data. As part of this, once analyzed, we can fit the suitable options in your financial framework.

This stage is the implementation stage, hence, we develop and put the plan in action. This step can be both interesting and tedious at the same time. It is a combination of discipline, desire and action.

As quoted by Warren Buffet, “Price is what you pay. Value is what you get.”

A well-crafted financial pan will offer safety threats as well remedies. Therefore, having a companion in your financial journey in the form of a financial planner or an investment adviser can lead to a healthy long-term relationship. They can help a client with the right investment options suiting their goals and aspirations.

Creating a financial plan isn’t the end, but just a beginning of your journey on the path of financial freedom. 

To know more about financial planning and wealth management, please visit: http://www.29kadvisers.com/

Mapping Financial situation to S.M.A.R.T. goals – Step 3

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Post the goal-setting process, we know where we stand and where we want to reach. We need to ascertain our savings and expenses in a realistic manner. On the basis of this information, we can set strategies and plan the maximum possible savings in order to meet our goals.

A pragmatic approach is advisable towards achieving the goals. Hence, a financial planner will play a pivotal role in this stage. Comparing the goals with your current financial situation will help us set a pathway for the present situation in order to achieve and plan future goals.

The risk profile of an investor is an important aspect when it comes to financial planning. The risk appetite of a client helps determine the investment portfolio and align them with the investor’s future needs.

Savings and investment of an individual highly depend on their risk appetite. Therefore, understanding the investor’s risk appetite is essential to understand before making investments. Hence, a risk-return equation will optimise the desired outcomes. 

Mapping our present financial situation with our short-term and long-term goals will help chalk out a path for our future. 

To know more about financial planning and wealth management, please visit: http://www.29kadvisers.com/

Setting Goals That Empower Your Financial Future – Step 2

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Setting SMART Financial Goals will not only benefit an investor today but will also reap long-term results.

As quoted by Ralph Seger, “An investor without investment objectives is like a traveler without a destination.”

As an investor, one of the most crucial stages is goal-setting. Setting S.M.A.R.T goals is very essential to achieve our financial well-being. Individuals generally underestimate the importance of goals. An investment adviser can inculcate the importance of financial goals in the clients by taking them through this process.

Goal-setting is a self-awareness process, a realization of your future aspirations, with respect to your needs and desires in the present. It is an empowerment process which encourages an investor and the adviser to be motivated towards achieving these goals. The whole process of setting goals involves patience, motivation and a movement towards a solution-oriented conclusion.

We believe that the financial journey is mainly about planning your future, hence, setting of SMART (specific, measurable, actionable, realistic, and time-bound) goals is the first action-based stage on the path of financial planning.

Take Action now! Set your goals! Achieve your goals!

Planning your Financial Future – Step 1

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In this dynamic world, being an active as well as a smart investor is very cumbersome. Hence, financial literacy is the most important aspect in making valuable financial decisions.

As quoted by Benjamin Franklin, ” An investment in knowledge pays the best interest.”

Having a poor understanding of your financial matters can have an adverse impact on an individual’s life. We believe that investors,  by gaining a deeper understanding of financial products and markets, will be in a better place to evaluate the wide array of choices available and make better-informed decisions, therefore magnifying their financial potential.

Hence, today we talk about the first step in the journey of Financial Fitness:

STEP 1: Determining your current financial position

In order to understand our needs and desires for tomorrow, we need to analyze and determine our present financial situation. This includes determining your net worth and cash flows.

A Net Worth analysis is a basic snapshot of your present financial worth. A Cashflow Statement will help you determine your day-to-day expenses and keep a record of your monthly income.

Today, in regard to celebrating this initiative by IOSCO, let’s all begin with this first step and understand our financial status.

Looking into our comprehensive financial picture today will mark the beginning of this journey.