4 Ways to Find An Useful Financial Planner

If you are an investor and find it hard to take out valuable time from your schedule to manage your money or is not able to understand how to do it, then the best people you can contact is a financial planner. They are people who possess the right idea about the financial market and therefore, help out their clients in the best possible way.

However, to get the best results it is very important that you hire the services of the right financial planner, who will understand what your financial goals are. Nobody would want to give their money to the wrong person to manage it. There have been numerous cases where individuals have been cheated by fake people. So, check out the ways mentioned in this blog and contact the right people.

Ways to hire the most appropriate financial planner

Check for credentials

What people usually do is, they check with family or friends for a financial planner. Some even search online. Once you have got some names, check out their credentials and verify whether they really live up to their claims. Wealthclock Advisors in Mumbai is a reputed name in this respect. 

Avoid those who try to sell

There are lots of people who claim that they are financial planners but in reality, they just talk about a few products and focus on doubling your investment money through these specific products only. They are simply sellers and not financial planners in reality. You need to differentiate them from the true ones.

Planning as well as execution skills

It is very important that you evaluate the planning as well as execution skills of your selected financial advisors. Just because they are certified to plan, charge a fee and provides you with simple planning structure does not imply that they qualified. You need to see if they have the ability to plan and then execute it. 

The best planners will provide you ideas relating to the selection of the Top performing mutual funds in India. 

Fee-only planner

Planners who charge fees for their services are highly unlikely to sell anything to their customers. So, these will then be the right people for your services. These are some of the most important things that one need to consider before hiring a financial planner. So, hire the best financial planner and do the right investment. 

Easy Ways To Overcome Financial Stress and Resolve Financial Problems

Money can not only be a source of happiness but also has the ability to turn a person's life, upside down. They are a source of extreme pleasure but can also cause extreme pain. A lot of investors have lost their money owing to the volatile nature of the financial market. Valuable investment money when lost can be really painful to handle and depression may creep in.

People stress over a lot of things. Some may worry about running short of money for their children's education purpose while others may think about critical situations in the future. But whatever may be the reason, the stress levels among people are rising considerably and finance is a strong reason behind it. Many pieces of research back this fact too.

It is not possible to always control the reasons behind stress but one can definitely take some important steps for the same. Knowledge of the right ways, adequate market research, doing correct calculations, planning in advance, and timely action are some of the ways by which people can reduce their financial stress levels to a great extent.

3 common reasons for financial stress and their resolution

In this article, some common reasons for stress and their useful solutions are mentioned below.

Losses in equity investments

Even though investors have become a bit smart now when it comes to adopting the right practices, a lot of them still now believes in redeeming their investments as soon as the market hits a downfall. Investors should learn how to respond and not react to market movements.

This signifies that if someone has invested in equity mutual funds they should not let be intimidated by market situations. There are no reasons for worrying about short-term losses. Confused investors can take the help of capable financial investors in this respect. Wealthclock Advisors is a reputed name in the world of financial investment.

Shortage of money at month's end

There are many reasons available for people to be stressful about their financial aspects. Most people have an improper budget or an unstructured way of handling their money. This leads them to spend lavishly without thinking of saving for the future. This leads to a shortage of money at the end of the month and they suddenly start worrying about the future!

So, to get rid of such a problem people need to prepare a budget at first after categorizing the needs and wants. They need to evaluate their spending habits and refrain themselves on certain occasions. Questions like how to save money fast? can be properly answered by skilled advisors only.

Improper goal setting

One starts worrying when they are not able to meet their goals. Sometimes this can happen because of improper goal setting. People need to start making plans in advance and also do appropriate calculations for arriving at the right future goals. The right goals will provide them with the right direction and methods.  

Useful Financial Planning Tips For People to Live a Better Life

For individuals, investment can be an extremely stressful thing. Every person has certain financial and personal responsibilities along with their existing goals. Then there is the additional responsibility of taking care of aging parents as well as paying off educational fees of children, if any. The investment period can be quite tough and one needs to figure out some ways that will help them sail smoothly through it.

The best thing, in terms of finance is, people will have a higher pay at a point in their career than what they had during their younger age. This will be extremely helpful towards meeting their set financial goals and objectives. With a rise in income structure, people can invest more and save wisely to have a financially secured post-retirement life.

Everyone has their own list of goals. Some need to earn and save more to meet their child's educational expenses while others need to take care of their parent's ailments and any such resulting emergencies. Beside these needs, a lot of people love to go on vacations and monetary support is required for this. So, one needs to know how to manage their money better and indulge in fruitful monetary activities.

4 useful financial planning tips for living a better life

This article has discussed ways to live a better and financially strong life.

Proper retirement planning

After reaching a certain age, people need to consider retirement planning as it is a very necessary process. The truth is that EPF along with pension from the job will not be sufficient to maintain a good lifestyle. Hence, this calls for retirement planning. One also needs to consider inflation in the long run too.

While engaging in retirement planning people need to consider the increase in health care related expenses and other kinds of emergencies as well. 

Useful investment schemes

One needs to invest in different financial instruments that will facilitate their children's education needs and other kind of needs as well. Mutual Funds Investment Plans in India are a great way to earn heavily through financial investment. The deposits made in this respect should not compromise the retirement savings anyhow.

Debts

After reaching a certain age people need to seriously think about clearing all their debts. Everybody needs to maximize their savings for the future and thereby, the absence of debts will ensure they are not held back anyhow. Some wise choices like getting rid of unnecessary credit cards and changing lifestyle habits should be made. They need to know how to save money fast.

Insurance

People need to know how to properly manage their income. Insurance is needed for the sake of betterment of the family. Hence different schemes are needed to be scanned and only then, the best ones are to be chosen. Term insurance is a great option in this respect. A competent financial advisor will be extremely helpful. 

These are some tips that will help people to live their life in a better way.