text stringclasses 10
values |
|---|
<|im_start|>user What is Financial Planning? <|im_end|> <|im_start|>assistant Financial planning aims at ensuring that a household or individual has adequate income or
resources to meet current and future expenses and needs. The regular income for a
household or individual may come from sources such as profession, sala... |
<|im_start|>user Example of Financial Planning <|im_end|> <|im_start|>assistant Example
Vinod is 40 years old and earns Rs.2 lakhs a month. He is able to save about Rs.40,000 a month
after meeting all the routine expenses of his family, paying the loans for his house, car and
other needs. His investments include those ... |
<|im_start|>user Understand the need for financial planning <|im_end|> <|im_start|>assistant There is a large range of financial products and services that are available for investors today
and these need to be linked to the specific needs and situations of the client. Not every
product may be suitable to every client;... |
<|im_start|>user Role of the Financial Planner <|im_end|> <|im_start|>assistant The Financial Planner has a significant role to play when it comes to advising clients because
the needs of each person is different front that of the other.
a) The financial planner has to recognise the exact needs and goals of an individu... |
<|im_start|>user How is financial planning different from a typical financial advisory services? <|im_end|> <|im_start|>assistant Financial planning requires following of a specific process wherein the client along with their
overall needs and goals are at the core of everything being done. Other financial advisory
ser... |
<|im_start|>user Personal financial analysis: <|im_end|> <|im_start|>assistant 聲 Goal setting with prioritizing of goals
The financial planning process starts with the goal setting process. Goals refer to what has to
be achieved. This gives a clear target that has to be reached. There are several features that
are impo... |
<|im_start|>user Cash flow management and budgeting <|im_end|> <|im_start|>assistant There is a certain income that is earned by an individual along with the expenses made.
Having a plan to ensure that there are savings and these are invested is one part of the
process. It is also vital that there is a cash flow match ... |
<|im_start|>user Insurance Planning <|im_end|> <|im_start|>assistant Several unexpected expenses that can cause an imbalance in the income and expenses of a
household can be managed with insurance. Insurance is a risk transfer mechanism where a
small premium payment can result in payments from the insurance company to ... |
<|im_start|>user Debt management and counselling <|im_end|> <|im_start|>assistant Investment Advisers help households plan their liabilities efficiently. It is common for
households to borrow in order to fund their homes, cars and durables. Several households
also use credit cards extensively. To borrow is to use tomor... |
<|im_start|>user Investment Planning and Asset Allocation <|im_end|> <|im_start|>assistant A crucial component in financial planning and advisory is the funding of financial goals of a
household. Investment planning involves estimating the ability of the household to save and
choosing the right assets in which such sav... |
README.md exists but content is empty.
- Downloads last month
- 3