Last Updated on December 29, 2021 at 11:51 am
In June 2013, Rajesh Dalmia a certified financial planner and director of Mandar Learning Academy authored an impressive do it yourself financial planning guide for investors to understand the basic features of insurance planning and goal-based investing. He readily agreed to shares his work here. I think it is time that a new generation of money managers use it.
The guide has four excellent calculation charts that enable one to calculate
- Necessary life insurance cover
- Corpus’s needed for retirement, child’s education and marriage
- Monthly investment required for each goal
It also has a chart which provides information on suitable asset allocation and investment vehicles based on the time horizon of a goal.
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Basic concepts and terminology used in insurance, retirement and investment planning are explained crisply.
The DIY guide is a terrific way to kick-start your journey towards financial peace. It is however not a replacement for professional financial advice. It helps to serve as an illustration of one important aspect of the financial planning process.
Download the DIY Financial Planning Guide
I would like to thank Rajesh Dalmia for readily agreeing to share his work. If you like the guide, do spare a moment to thank him: dalmia2001 [AT] gmail.com
Do not use any part of this guide for professional use without getting his permission.
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