THE MASTER PLAN

Understanding Financial Planning
Financial planning is the process of meeting your life goals through the proper management of your finances. Basically as the name implies, financial planning is "A PLAN". The plan should work whether the markets are up or down, whether you are earning or lost a job, whether you are sick or well, even whether you are alive or dead.

Three Prongs to the Financial Planning Process

In any financial plan there are three legs, like the three legs of a stool. If any one of them is absent, the stool can topple over.

These are:
1. Protection
2. Saving
3. Investment