Financial Plan – The diagnostic tool to financial health and wealth By Avanti Doshi
For me being in this financial planning sector has been by serendipity and since then it’s an eye opener. I am a dentist by education and worked in that field for last decade. But no one ever taught us or even told us about how to manage the money we earn. There is no subject at BDS level which can hint at managing the money that we eventually start earning daily. The kind of insurance we need to protect ourselves from various losses.
In my clinic we provide all kinds of treatments under one roof. Be it extractions, root canals, routine cleaning and filling to specialized treatments like dental implants, smile designing everything is done at one place so that it can be done as per a specific predefined treatment plan. I have a team of dentists who come and do specialized work. So the communication is flawless.
For a precise treatment the planning and diagnostic tools are essential. So all in all “planning” and “under one roof” is the take away from my journey as a dentist. So now when I am implementing the same in this new journey I find it easier to correlate the importance of Financial Planning while you are investing money for your future. The diagnostic tool being the extensive financial data sheet which we ask our clients to fill before we start with his or her planning.
Financial planning is a crucial part of one’s overall wellbeing. Being a doctor, I understand the importance of being in good health. But now a days in this stressful lifestyle to be in a good health one must be financially secure. While it may be true that money can’t buy you happiness but lack of it can surely cause you lots of inconvenience. To have a healthy lifestyle one must exercise, eat healthy organic food, travel to new places, take a break from monotonous routine. All these activities need healthy financial status.
We strive hard to earn well for ourselves and our family. The value of money that we earn today won’t be the same tomorrow due to inflation. Money loses purchasing power over time. So we must secure our kids future by intelligent financial planning. We must also secure our retirement by saving enough money to continue our existing lifestyle.
Financial services have undergone a major transformation mainly due to privatization of insurance and mutual funds sector, failing interest rates and end of guaranteed-returns. But there are still many investment instruments available in the market. It is important for you to understand the various offerings and limitations of an instrument.
So we here at Proinvest Wealth Managers will help you plan the best possible investment instruments. We will help you to clearly mark your goals so that you can plan for your and your family’s future. If you have an existing portfolio we will help you gaining maximum with that.
So even if you are 25 years old OR you have a new born baby OR you are close to your retirement OR you are newly married it is always better to diagnose your financial health and then only plan for it.
Thank you !!!
Avanti Doshi
