To be prepared for tomorrow’s eventualities in life, we need to plan in advance. Whether it’s buying a car, saving for a home loan down payment, providing for children’s higher education, wedding expenses or a happy post retirement life- we all need to have a financial roadmap.

Having a plan doesn’t necessarily guarantee that we will meet all our goals but it certainly gives us a picture as to where we are and where we have to reach and within what time frame. We also need to understand the risks to which we are generally exposed to while reaching our goals.