What is financial planning ?

Financial planning focuses on a comprehensive aspect of your finances like estate planning, and retirement planning. It helps you evaluate your current financial status and helps your structure your savings, budget, taxes, insurance, retirement, and estate plan.

In different life stages, we have different life responsibilities. From early 20’s, late 30’s, early 50’s and to the final stage of our working life before retiring, we have to face many financial challenges. From career development , getting married , having new born baby, buying new house, planning for children education, maintaining aging parents, vacations, retirement and etc.

The key to personal financial success is to understand our current financial situation (where we are now) and what are our life goals and objectives (where we want to go). Therefore, getting to know what financial resources we have and a decent financial solution is the key to financial success.