Suda Bhanu Prasad,

CERTIFIED FINANCIAL PLANNER

I AM THE FIRST AND ONLY PERSON TO COMPLETE THIS PROFESSIONAL CERTIFICATION COURSE IN

ENTIRE EAST GODAVARI DISTRICT.

IN NAVYANDHRA PRADESH THERE ARE ONLY 5 CERTIFIED FINANCIAL PLANNERS. I AM ONE OF

THEM.

WHO IS CERTIFIED FINANCIAL PLANNER AND WHAT HE WILL

DO?

WHEN IT COMES TO GIVING FINANCIAL PLANNING TO INDIVIDUALS AND FAMILIES

CERTIFIED FINANCIAL PLANNER QUALIFICATION IS THE HIGHEST QUALIFICATION AROUND

WORLD.WE WILL HELP OUR CLIENTS IN ACHIEVING THEIR

FINANCIAL GOALS WITH PEACE OF MIND.IN A EFFICIENT MANNER.

WE PLANNERS TAKE FEE FROM OUR CLIENTS FOR GIVING FINANCIAL PLANNING JUST LIKE A CA OR A

DOCTOR.

WE FINANCIAL PLANNERS ARE ALSO CALLED AS FINANCIAL DOCTOR.

FINANCIAL PLANNING IMPORTANCE

EVERY PERSON WILL HAVE SOME GOALS LIKE CHILD EDUCATION, CHILD MARRIAGE, BUYING A

HOUSE AND RETIREMENT.

BUT VERY FEW PERSONS ARE DOING FINANCIAL PLANNING TO ACHIEVE THEIRE FUTURE

FINANCIAL GOALS. AND

VERY FEW ARE DOING RETIREMENT PLANNING

IN INDIA PEOPLE ASK FOR FREE ADVICE

BUT TRUTH IS A GOOD ADVICE WILL NEVER COME FREE OF COST.

MANY PEOPLE THINK THAT THEY HAVE GAINED BY INVESTING IN INSURANCE POLICY AND IN POST OFFICE SCHEME BECAUSE AGENT HAS GIVEN

SOME GIFT TO THEM.

MANY PEOPLE DO INVESTMENTS BY FOLLOWING THEIR NEIGHBOURS AND

COLLEGUES AND FRIENDS AND RELATIVES.

THIS STRATEGY IS VERY RISKY.THE STRATEGY WHICH MIGHT BE GOOD FOR

THEM MAY NOT BE GOOD FOR YOU.

SOME PEOPLE ASK THEIR CA ABOUT WHERE TO INVEST.

WHY FINANCIAL PLANNING IS IMPORTANT?

MANY PEOPLE USED TO INVEST WITH OUT CONSIDERING THE EFECT OF

TAX ADJUSTED RETURN AND INFLATION ADJUSTED RETURN.

THIS WILL EFFECT YOU IN A HUGE WAY IN LONG RUN.

WE HAVE TO INVEST IN RIGHT ASSET CLASS KEEPING IN MIND OUR RISK APPETITE

MANY PEOPLE SAY THEY DO NOT HAVE MONEY TO INVEST. WHAT THEY ARE DOING IS AFTER

DOING ALL THE EXPENSES THINKING OF INVESTMENTS.

BUT THIS IS NOT CORRECT. FIRST YOU HAVE TO INVEST FOR YOUR GOALS AND THEN HAVE TO

SPEND.YOU SHOULD HAVE FINANCIAL DISCIPLINE.

MANY PEOPLE USED TO ACCUMELATE BLACK MONEY FOR 3 YEARS AND WILL INVEST IN REAL ESTATE WITH A COMBINATION BLACK MONEY AND WHITE MONEY IN THE RATIO OF 50:50.

THIS IS ALSO NOT A GOOD STRATEGY. WHILE INVESTING YOU HAVE TO CONSIDER THE TIME

VALUE OF MONEY.

MANY PEOPLE DOES NOT DO INSURANCE PLANNING.

IN OUR DAILY LIFE WE ARE EXPOSED TO MANY RISKS. BUT WE ARE NOT COVERING THOSE RISKS.

NOT DOING A PROPER INSURANCE PLANNING IS ALSO A BIG MISTAKE.

WE HAVE TO TAKE A LIFE INSURANCE POLICY IN SUCH A WAY THAT IT SHOULD LOOK AFTER OUR LIABILITIES LIKE LOANS, AND GOALS LIKE CHILD

EDUCATION, CHILD MARRIAGE, AND WIFE EXPENCES TILL HER LIFE EXPECTANCY.

BUT NO BODY IS CONSIDERING THESE THINGS. MANY PEOPLE ARE UNDER INSURED IN THIS

REGARD.

HEALTH INSURANCE

IN THESE DAYS PEOPLE SLOWLY KNOWING THE IMPORTANCE OF HEALTH INSURANCE BUT STILL HOW MUCH HEALTH INSURANCE THEY SHOULD

HAVE AND FROM WHERE THEY HAVE TO BUY HEALTH INSURANCE THAT AWARENESS IS STILL

NOT THERE.

DISABILITY INCOME INSURANCE

IN CASE OF ACCIDENTS WE MAY NOT COMPLETELY DIE. WE MAY GET DISABLED PARTIALLY OR

PERMANANTLY. IN SUCH SITUATION WE CAN NOT EARN. BUT WE NEED MONEY FOR OUR

LIVELIHOOD. IN THAT SITUATION THIS KIND OF INSURANCE WILL HELP.

BUT SADLY IN INDIA THIS INSURANCE IGNORED.

CRITICAL ILLNESS

IN OUR ENTIRE LIFE THERE A BIG CHANCE THAT WE MAY CONTRACT TO CRITICAL ILLNESS LIKE CANCER, KIDNEY FAILURE, BRAIN STROKE ETC. BUT PEOPLE ARE IGNORING TO COVER THESE

RISKS.

RETIREMENT PLANNING

NOW A DAYS JOINT FAMILY SYSTEM IS NOT THERE.

IN OLDEN DAYS IN JOINT FAMILIES SURVIVING OF OLD PEOPLE IS EASY.

BUT NOW A DAYS IT IS NOT THERE. SO, PROPER RETIREMENT PLANNING IS A MUST.

REMEMBER LIVING SHORT IS A RISK. AT THE SAME TIME LIVING TOO LONG IS ALSO RISK.

PRECAUTIONS IN RETIREMENT PLANNING

1) CONSIDER WIFE LIFE EXPECTANCY ALSO WHILE PLANNING FOR RETIREMENT

PLANNING.2) CONSIDER PRE AND POST RETIREMENT

INFLATION LITTLE MORE THAN ACTUAL.3) START PLANNING FOR RETIREMENT

PLANNING AS EARLY AS POSSIBLE.4) INVEST IN RIGHT ASSET CLASS FOR

RETIREMENT PLANNING KEEPING IN MIND YOUR RISK APPETITE.

ANY WAY CONSULTING A CERTIFIED FINANCIAL PLANNER AT LEAST YEARLY ONCE TO KNOW OUR

FINANCIAL HELATH STATUS IS ALWAYS BETTER.

I HAVE STARTED GIVING TRAINING FOR THIS CERTIFICATION COURSE AT KAKINADA. THOSE

WHO ARE INTERESTED IN BECOMING A FINANCIAL PLANNER CAN JOIN THIS COURSE.

THE STUDENTS WHO ARE ALREADY STUDYING ABOUT FINANCE I.E M.EC, C.EC AND B.COM STUDENTS CAN ENROLL FOR THIS COURSE.

ALONG WITH GRADUATION IF THEY HAVE CFP AS PROFESSIONAL QUALIFICATION. THEY WILL GET

GOOD JOBS.

I BELIEFE THAT IN NAVYANDHRA PRADESH, OUR ROLE (CFP) IS ALSO VITAL.

I HOPE EVERY PERSON WILL RECOGNISES THE IMPORATANCE OF FINANCIAL PLANNING.

BY DOING FIANCIAL PLANNING WE WILL GROW FIRST.

MEANS OUR STATE GROWS AND OUR COUNTRY GROWS.

OUR GROWTH IS OUR COUNTRS GROWTH.

Suda Bhanu Prasad,

CERTIFIED FINANCIAL PLANNER.MOBILE NUMBER: 9848919211

EMAIL ID : bhanu_suda@yahoo.co.in