Why Life Insurance is a must before Investing Money | Financial Planning | Hindi | Parth Sarthi
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#FinancialPlanning #investmenttips #wealthcreation #shorts
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Financial planning is the process of defining different financial goals, quantifying these goals factoring in inflation, and having an investment plan to meet these goals. Financial planning also prepares you for unexpected risks e.g. untimely death, serious illnesses, sudden loss of employment, etc.
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The importance of financial planning helps investors achieve their financial goals e.g. home purchase, children’s higher education, children’s marriage, retirement planning, estate planning, etc., and long-term financial security.
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