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All about financial planning
NDTV India,
3rd June 2007 |
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Clients seek CASH FLOW management services to obtain more effective control of their financial situation. (Learning to manage their monthly cash flow better)
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Cash flow Management has 2 chief purposes :
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Management of income and expenditure, including establishing and maintaining a reserve of cash or near-cash equivalents to meet unanticipated or emergency needs such as those caused by illness, injury , death or sudden loss of employment
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Systematic creation and maintenance of a surplus of cash for capital investment
Our services will focus on 3 areas BUDGETING, CASH FLOW PLANNING and DETERMINATION OF NET WORTH.
Our key focus here will be to help clients setup a cash flow system that generates an approporiate level of savings.
BUDGETING
MFA will help clients
- Establish reasonable goals and objectives
- Determine Clients current financial situation
- Forecaste future expenses and incom
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DETERMINING NET WORTH
In determining net worth, we will do much more than constructing and reviewing a Net Worth statement. The process to be most beneficial , involves calculating current net worth , setting a realistic goal for the up coming year , and developing specific strategies for meeting that goal.
Our planning efforts on net worth will help clients to
- Establish Financial Discipline
- Organize financial life around a future target
- Measure financial progress on a regular basis
- Feel financially secure about the future
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Debt Management
AN INABILITY TO CONTROL SPENDING is the root cause of most financial disasters , well ahead of inadequate income , unwise investments , and catastrophic changes in circumstances. The easier availability of loans, changing lifestyles , and increased consumerism has made managing debt of a client one of the most important tasks of a financial planner.
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