19/03/2017
Hi , In continuation of my journey to make my clients and persons related to me more aware about insurance and financial markets , I want to start with Insurance which is sold , not purchased normally except some exceptions.
I want to add that people normally ignore insurance due to lack of knowledge of Financial Planning being inherited from their ancestors. Up to mid 70's to 80's there has been existence of joint family system which compelled following generations not to bother about their financial needs. But after disintegration of society from joint family system to single to nuclear family system where general public moves to other place in search of bread and butter and tries to settle there leaving behind their all parental assets unused uncared including their parents also.
In this hectic activity of settlement and earning people don’t care for proper financial planning in the same fashion when in past years our ancestors were used to making houses without consulting any architect or engineer.
But time has changed and now financial planning is the most important area of our life without which any body can’t perform well and achieve their life goals.
Financial Planning is nothing But Managing inflow and out flow of a person’s earning and expenditure in a systematic prudent and judicious manner so that Maximum output necessarily be generated with the resources available for the benefit of our family members , our society , our state , our country and broadly speaking whole world as well if some one feels free to be a cosmopolitan.
GOVIND pRASAD
