Alround Financial Planning
Here’s a small but interesting case study of One of my clients. Let’s call him DK. In his mid-twenties, he planned for long term corpus creation of 1cr plus with SIP of just a few thousand per month.
The most important factor is his discipline and motive to start early. At an age, when youngsters are generally not serious about their future planning (especially financial ones.), he planned about the most important goals in life.
While creating a corpus for a later stage, he also thought of another side of financial planning i. e. having a life cover in the form of term insurance. Most of us generally think about the positive side, however, we should also consider the uncertainties and gray areas in the journey called… life.
With 60+ Lacs sum assured, we covered him for another 35 years, where we expect to end all our financial liabilities and have a peaceful retired life. I consider this as a masterstroke utilizing the most of the opportunity and perfect timing.
After all well begun is half done!!!!!
Congrats DK, for giving serious thought and executing it. Wish you all the very best for your journey towards wealth creation!!!!