Why you need Financial Planning ??

I’m Ok. My Finances are OK. I don’t need Professional Advice. Pay for Financial Advice? Are you crazy? I’ll just ask my chacha ji. I’m invincible. Nothing is doing to happen to me, then why I need Insurance? Arey, we come from “hatte-khatte” family, why we need health Insurance?

We lie. Yes we lie. The tragic condition of Human Beings is that we lie. We lie that everything is perfect when things are falling apart, we lie that we don’t need advice, when in fact our finances could do a lot better, we lie that life’s good when it is one-lab-accident away from being a disaster. So, yes we lie, we make excuses and delay financial planning because we want to believe that we are perfect. That nothing is really required. 

Do you think warren buffet doesn’t go to the doctor for “Professional” medical advice? Does he ask his uncle or search engine or Google it when he needs medical care?? When one of the richest person in the world isn’t embarrassed to ask for advice, then why are we??

Why do we get defensive when someone tells us that our way of Investing is wrong? Do you get angry at a Doctor when he tells you to control your oil when your cholesterol is high? No you listen to him. Why can’t we do the same with our Financial Planner? Is it because we think, ‘oh, he’s only recommending this product because he must be getting commission”. When a doctor recommends a particular expensive medicine, do you really believe he is not getting a commission?

Somehow you have got it in your head that getting Financial Advice from a Professional is wrong. That paying for such advice is just absurd. That your uncle will provide you the advice “free-of-cost”. Beware; because you will one-day have to pay many-folds and not in monetary terms for listening to this “free-of-cost-chacha ji-ki-advice.

Yes, your Finances could use some help, and it’s nothing to be ashamed of. We all need help, even Mr. Buffet. Like you need a Doctor for medical issue you need a financial Planner for Financial Issues. Don’t confuse a Financial Planner with a Advisor. Anyone can be a Financial Advisor; a Financial Planner is certified by FPSB, India & has come ethical responsibilities and must maintain a strict code of conduct. A Financial Planner’s main Interest is safeguarding your interest. It’s the planners’ Fiduciary Responsibility.

Enough with the prologue, the verdict is that you need a Financial Planner & a Financial Plan. If you haven’t yet got why, may be this will cement that you need a Financial Planner & a Financial Plan.

In a recent Harvard study, it has been provided that those you had written down their goals have 90% more chances of achieving them. 80% people have experienced “Peace-of-mind” when they have written down their goals. Majority believe that the need Financial Help but are afraid of asking for help.

75% people responded that they are struck in a job that they have no liking for just because they haven’t made right saving & Investment decisions.

A Whopping 100% believe that if they could go back to the future, they would change their decisions and their effect on their current state.   

Because you owe it to your child and your wife & family to safeguard their future, no matter what.So, Stop being perfect and acknowledge that you need Professional Advice. There is no shame in it. We all need it, only few take it and only these few achieve their Life Goals. It’s time to stop dreaming & start acting.