Why Financial Education???

A person to progress in life ought to have a goal. To achieve that goal you should have a strategy and you can’t strategize unless you have money. Money is the major issue for everyone and good financial habits are essential to achieving your desired goals .The life blood of every venture in its financial resources. A person must know to manage and allocate resources in order to ensure long term financial stability. The economists have opined that India is going to become one of the leaders of global economy. The achievement of this growth is not possible unless and until there is appropriate education and training in the finance planning and business management. Finance is a huge sector with many opportunities. Jobs in finance get you closer to where money is. The field is large encompassing commercial banks, investment bank, asset manager, financial planners, hedge funds, money managers so on.

In the words of Robert Kiyosaki, “Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.”

Financial education should be an important aspect of education for all adults; however, most schools do not spend a great deal of time on financial education and other life skills, which are often assumed to be learned in the home and to be the prerogative of parents. A solid financial education is important not only for individuals but for society as a whole.

Financial planning is an attractive emerging career option in the year to come. Taking a commercial business as the most common organizational structure, the key objectives of financial management would be to create wealth for the business to generate cash and/or provide an adequate return on investment bearing in mind risks that a business is taking and the resources invested the great aim of education is not knowledge but action

Finance is the most important aspects of business management and includes decision related to the use and acquisition of funds for the enterprise. The field of finance deals with concepts of time, money, risk and how they are interrelated. It also deals with how money is spent and budgeted.

Having a proper financial education thus becomes imperative in ones life. Everyone, somewhere, someday have to face some difficult financial situation that requires time and money. That’s when the good understanding of the cash inflows and outflows will help make the tough situation stress free.

Finance is such a thing which it can't be substituted by anything, so make sure you use your finances in the proper order, so that you can secure your future.

Career Planning on Financial Planning

Ask an IT guy, working for a huge multinational company equipped with infrastructures par excellence but making him slog day in and day out, as to why is he in such a field? Out of a hundred such professionals you get to know that four or maximum, five of them like what they are doing. The rest are just there because it is a known fact or rather, a widespread belief that there is lot of money in that field. They work on the principle of ‘Apna Sapna Money Money’ and not on what is the ‘Karma’ he is going about doing. You find such people in many fields apart from IT. Now, try putting forth another question, what does he do with all the money apart from his normal expenses. You get to see a multi-expressional face filled with amazement, wonder, a none-of-your-business expression and finally a confused expression which says ‘O ya, I have been thinking that I have to think about that’.

Most earning people don’t know what to do with their money. All they know is that they have to save money somehow but they are unaware of the details and the various ways of achieving this. A person visiting the Taj Mahal would want to know what exactly drove Emperor Shah Jahan to build such a beautiful structure and the stories behind it. So his obvious move next will be to hire a guide. Commensurate to the same example, most people need guidance on where to invest, how to save taxes, the best insurance scheme, which fund to invest in, which stock to hold, which one to sell, how to plan junior’s college and their own retirement. For all those fledglings, financial planners come into helping them make better use of their money and achieve financial goals.

Career in Financial Sectors

Financial Planning is one of the fastest-growing professions across the world. And opportunities are plenty, also for those looking at not starting their own practice; banks, Financial Planning outfits, wealth managers, life insurers, accounting firms, stocks brokers are lapping on to people with such expertise. A student who is pursuing a career in financial planning need not have a second thought to it. He is about to go for the most interesting and challenging field and getting it done from a good institute can make him a bankable financial advisor. Needless to say a career as a Financial Planner can prove both challenging and rewarding.

Students as Financial Planners can be generalists or specialists. Some practice comprehensive Financial Planning while others emphasize money management, retirement planning and/or estate and tax planning. Some target specific markets-retirees, HNIs, non-salaried professionals, NRIs, under 40s, doctors and those in the software industry and young professionals. The quickest route to success as a Financial Planner is to train with and work for a financial-services company or wealth managers. After acquiring experience, look at options that can enable you to set your own practice or work with a planner to get the desired mentoring to start your own Financial Planning businesses.

Another important reason why choosing a career as a Financial Planner for students is beneficial is because most Financial Planners enjoy relatively low stress, have a high earning potential and enjoy a high degree of workplace autonomy. The personal satisfaction element cannot be underestimated. A very small example is when a student helps his friend with his studies and when his results show that he passed with flying colours, the satisfaction that he gets is incomparable. Very often, independent Financial Planners find that people are just overwhelmed and need direction, so it’s their job to listen, understand their situation and offer some options that will help them. It gives them a satisfaction of being able to help people do better, and it’s not just about their finances. It’s about blending the financial side with the other sides of clients’ lives so that they can achieve their goals.

The future poses numerous opportunities for Financial Planners to take advantage of thousands of available jobs in this expanding profession. There is also the possibility to fuel your entrepreneurial spirit and enjoy the benefits of owning your own business. Students need to distinguish themselves by gaining knowledge, competence, and professional status and this can be achieved by proper guidance to the Financial Planning aspirants. They have a great scope in Financial Planning sector by offering a wider range of services and thereby, they can be in charge of their own financial future. 

Intelligent investments - a way to secure your future

The basic aim of Financial Planning is to achieve financial goals through intelligent investments. From a layman point of view, financial planning is how to save future income on a long term basis and this can be incorporated through processes ranging from keeping some money in a safe which is now considered passé to investing in short term or long term funds which can be beneficial and yield returns in future. However, there is more to financial planning than just mere investments. Some of the technical aspects in which financial planning can be divided are cash flow management, education planning, retirement planning, investment planning, risk management and insurance planning, tax planning, estate planning and business succession planning. However, an office-going individual is less aware of all these things and this makes him turn a blind eye towards planning his finances. This gives a dire need for a person who is dedicated to help people with their financial issues and help them make intelligent financial decisions which is proactive enough to any major unexpected financial event. Such a financial planning practicing professional is called Financial Planner or Financial Advisor.