Personal Financial Planning by Dr. Pradip Kumar Sinha, Dr. Ajit S. Thite
What does living “the good life” mean to us? Is it owning a house in certain parts of the city, starting a company being debt-free, driving a particular type of car, taking luxury vacations, or having large investment portfolio? Today’s complex fast pace world offers a bewildering array of choices. Add to this a rapidly changing economic, political, technological, and social environment and it is easy to see why developing solid financial strategies guaranteed to improve one’s life style, is increasingly difficult. Today a couple may need two incomes just to maintain an acceptable standard of living and they may have to wait longer to buy home. Clearly how one defines the god life requires sound planning to turn financial goals into reality.
The best way to achieve financial objectives is through Personal Financial Planning. It helps us define our financial goals and develop appropriate strategies to reach them. We can no longer depend on employee or government benefits such as steady salary increases or adequate funding from employer sponsored pension or Social Security to retire comfortably. Creating flexible plans and regularly revising is the key to building a sound financial future. And successful financial planning brings rewards, such as improved standard of living, restricted level of expenses and increased wealth.
Audience of the Book :
This book Useful for Management Students.
Table of Content:
1. Introduction to Financial Planning
2. Investment Planning
3. Risk Analysis, Insurance Planning and Debt
4. Tax Planning
5. Retirement Planning and Estate Planning