What is the first step for financial planning? Aalap, 01 Jan 2013

I am 34. I want to start financial planning.What is the first step i should take?

Fintotal Answer

We are glad that you want to start a financial planning. The first step is assessing your current financial situation such as income and savings & expenditure, family size, etc. Once you done this you must check if you are financially prepared for any uncertainties or emergencies that may occurr. Post this identify your financial goals and make a plan accordingly. Execution of the plan is most important. One can take assistance from a financial advisor who is unbiased in his guidance.

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