Good Moneying

What is a Certified Financial Planner (CFP), and how can you get one? CFP Board of Standards designates a Certified Financial Planner (or CFP) as a financial professional who has met the CFP Board of Standards requirements. The following requirements are required to become a Certified Financial Planner: A Bachelor's Degree or higher - Completion of a CFP Board-Registered Education program. Pass the CFP Certification Examination. This is a 10-hour exam. - At least three years experience in personal financial planning - Pass background checks - Pay certification fees Financial professionals must report their continuing education requirements every two years once they have become a CFP. This is to ensure that they keep up with industry changes  fee-only financial planners . \ What is the difference between a CFP and other financial professionals? There are many types of financial professionals. It can be confusing to understand the various designations. CFPs can create comprehensive f

Investment is no exception. There are never absolute certainties. You can't be certain that an investment will be sound. However, there are investments that are more secure than others. You should ask yourself one question about any investment: "How well do you cover yourself?" Many people see the future with naivety and think "what if" and then forget to ask "what if?" This is not being negative, it's just being realistic. Ask questions to determine if the risks are real and if it is realistic. Sometimes, an investment that sounds rational may not work out. However, it is worth taking a chance on something that doesn't look very profitable. It's better to have multiple options than just one. You might regret it later. You need to balance things. In other words, ensure that your investment has some form of insurance. An investment advisor is a great option as they can help you to cover all bases and explain the risks associated with each in

Many investors mistakenly believe that they need to invest all of their savings. This is a mistake that new investors need to avoid. You need to determine your ability to invest and map out your financial goals for the long term as well. This article will help you determine how much money you can afford to invest in investments. You should be careful if you plan to use your savings to make investments. You should save at least six months' worth of living expenses and don't use these funds to invest. Do not borrow money to invest and don't dip into your emergency savings account for any investment. You should have a buffer in case of market fluctuations. You may not have enough savings to cover at least six months of your living expenses depending on your financial situation. You may want to reconsider investing if this is the case. Don't be discouraged if your investment amount is lower than you would like after taking out your six-month cushion. Often, investments can

Financial media have been abuzz about the fee-only financial planning phenomenon for several years. Most people don't know where to look for a reputable one and are advised by these media pundits that they choose from a variety of options. This is not the best way to go, I strongly disagree. I believe that the best way to choose such an important advisor is through a recommendation from someone you respect. If you don't think that is an option, I would like to let you know about two organizations that are fee-only financial planners, the National Association of Personal Financial Advisors and the Garrett Planning Network. NAPFA works almost exclusively with wealthy individuals. This is because they are extremely selective and only refer planners who meet their high education requirements  Sebi registered investment advisers . The Garrett Network  focuses on providing services that are billed by the hour and target their advice to middle income folks. The website also contains v

Understanding the contribution clause is important while making health insurance claims from multiple policies. Here are the details you were looking for   Read More: https://www.goodmoneying.com/how-to-make-health-insurance-claim-in-multiple-policies/

Understanding clauses as per the insurance policy document are important so you can cross-check with the sales pitch of the agent and find out if this policy really suits your requirement  Read More:  https://www.goodmoneying.com/life-insurance-policy-document-details/

Even after taking precautions, many times you cannot escape illness and when it turns out to be serious then your financial planning should be flexible enough.  Read More:  https://www.goodmoneying.com/financial-planning-for-serious-illness/

 The decision to surrender the LIC policy should not be taken in haste. Get the quote or calculate the surrender value of the LIC policy yourself, use logic surrender form. Read More:  https://www.goodmoneying.com/surrender-lic-policy-calculation/

Portfolio management services are a guided way to invest in equities, targeted to HNIs. PMS vs mutual funds both have their own pros & cons. Details. Read More: https://www.goodmoneying.com/pms-investment-pms-vs-mutual-funds/

A webinar discussing investment strategies to achieve financial independence and is it really achievable, if yes then by when? Watch to know. Read More:  https://www.goodmoneying.com/financial-independence/

Alternative Investment Funds in India are divided into 3 categories as per SEBI rules. AIF investment is riskier than mutual funds, PMS  Read More:  https://www.goodmoneying.com/alternative-investment-funds/

Core and Satellite portfolio is an investment strategy. The focus of the core portfolio is goal planning & the satellite portfolio is to boost returns . Read More :  https://www.goodmoneying.com/core-and-satellite-portfolio/

Investors ask for examples of good, big, important long and short-term financial goals. This article will help new, young, and NRI investors. Read More:  https://www.goodmoneying.com/financial-goals-setting-nri-investors/

Everybody would like their money working as hard as they can and making as much profit as possible. With low-interest rates, it is difficult to keep your money safe in a bank or building society account. This will not guarantee a high return. You don't have to invest in every investment opportunity, but there are many other options. But where do you begin? Your independent financial advisor is the best source of investment advice.  Read More:  https://sites.google.com/view/looking-for-investment-advice/home

It's hard to deny the fact that financial security is a key factor in achieving your goals and dreams. Financial security is possible only if one addresses the issue of personal finances. Personal finances can be described as the money you have. This money can be used to pay your routine expenses,  Read More:  https://sites.google.com/view/improveyourpersonalfinancial/home

Most people will admit that they don't have the time or ability to manage their finances. A majority of these people don't have the necessary financial planning knowledge. A knowledgeable accountant can help you with financial planning.   Read More:  https://sites.google.com/view/yourfinancialplanning/home

Many people don't plan for retirement even though technology has advanced greatly. It is not because they are financially reckless, but because planning for the future 30-40 years in advance can be difficult.  Read More: https://www.linkedin.com/pulse/financial-planning-essential-secure-environment-kowsalya-s

 It can be very difficult to control one's finances. It is easy to feel like nothing is possible. Read More: https://www.linkedin.com/pulse/financial-budget-planner-how-can-you-get-out-debt-kowsalya-s

Investing can be a highly opportunistic way to make money. It all depends on market conditions.   Read More: https://www.linkedin.com/pulse/investment-portfolio-management-effective-methods-kowsalya-s