A case of Rajesh and Rajani Sharma.
When Rajesh comes to us he was under a pressure of debt which he was paying at very high rate and he was trapped in same. he was not able to see any out way for it and because of the interest and continuing with the same EMI after payment of 6 years his loan of 20 years was still showing remaining tenure of 272 months.
It was very hard to believe but unfortunately true, He was banking with one of the leading private bank in India.
On the top of that he was having a car and top up loan as well.
Apart from coming out of the loan he was having financial goals like child's education, marriage., Retirement ( he is from long living family with life expectancy of 95 years) , domestic tours and one car change after 7 years.
Weather i could complete all my financial goals ? Will i have a Debt free retirement ? Could I able to complete my responsibilities towards my family ???????????????
The first work we did was the cash flow analysis.
The first decision taken - restructuring of his loans which actually taken 2 months but this activity has made him comfortable to complete his all loans in 120 months can you believe ?
We have arranged his cash flow, given it more structured approach and helped him to achieve most of his most of financial goals.
As he has only 14 years to retirement we suggested him to liquidate him one of his real estate property out of two at the time of retirement as cash flows were not supporting.
With this he ends up with One property and some money with ready retirement fund up to his life expectancy of 95 years.
He will not be investing a single rupee in next 3 years. so financial planning is not about investment planning it is about sash flow.
This is not a magic or miracle. This is financial planing.
After plan was presented to him, his expression ..................................................................................
This is a real story , The names in the case are changed to keep confidentiality.
About the author : Ashish Ramesh Bhave is a CERTIFIED FINANCIAL PLANNER, focused and specialized in financial planing for individuals and families.
It was very hard to believe but unfortunately true, He was banking with one of the leading private bank in India.
On the top of that he was having a car and top up loan as well.
Apart from coming out of the loan he was having financial goals like child's education, marriage., Retirement ( he is from long living family with life expectancy of 95 years) , domestic tours and one car change after 7 years.
Weather i could complete all my financial goals ? Will i have a Debt free retirement ? Could I able to complete my responsibilities towards my family ???????????????
The first decision taken - restructuring of his loans which actually taken 2 months but this activity has made him comfortable to complete his all loans in 120 months can you believe ?
We have arranged his cash flow, given it more structured approach and helped him to achieve most of his most of financial goals.
As he has only 14 years to retirement we suggested him to liquidate him one of his real estate property out of two at the time of retirement as cash flows were not supporting.
With this he ends up with One property and some money with ready retirement fund up to his life expectancy of 95 years.
He will not be investing a single rupee in next 3 years. so financial planning is not about investment planning it is about sash flow.
This is not a magic or miracle. This is financial planing.
After plan was presented to him, his expression ..................................................................................
About the author : Ashish Ramesh Bhave is a CERTIFIED FINANCIAL PLANNER, focused and specialized in financial planing for individuals and families.
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