My first Magazine May 2017 issue | Page 33

HOW WE WISH It is really as simple as that. There is no rocket science! Talking about personal behavior and discipline, we are focusing on planning. I try to understand people & their emotions, thus their nancial needs & goals. . I believe in dining with them through their thick & thin. What I've noticed in these 10 years of practice is that, a number of individuals have to compromise on their post retirement life due to insufcient funds. Thus I've learnt that “people don't plan to fail, they simply fail to plan”. 3. Self Marriage expenses 4. Children's education 5. Retirement 6. Children's higher studies 7. Children's marriage 8. Domestic /International trips MAY 2017 spending, our mentality of standing by our children whether they are 3 years old or thirty years old. Such mentality is what upholds the celebrated Indian culture we are known for. Thus, I end this article in the words of Warren Buffet, one of the greatest nancial wizards of our time. I quote, “Do not save after spending, but spend what is left after saving.” 9 . P ro p e r t y - H o u s e , Fa r m house, 10. Car, luxuries…etc Planning is of utmost importance for every individual. The following events of life are essential in securing a person's future and thus in my opinion should be planned well in advance: 1. Life protection-adequate life insurance 2. Health emergencies With the country becoming increasingly western in its approach to life and behaviors, I feel it is our mentality which has always stood apart. Our mentality of saving before Falguni Shah Investment adviser level-1, pursuing Chartered Wealth Manager (CWM), AMFI,IRDA, BSc Microbioloy, DMLT Pathologist Contact : +91 98196 03210 | Email: [email protected] Facebook : /fusecamco “Beware of little expenses. A small leak can sink a whole ship.” 29