From Goals to Gold: Achieving Financial Success with comprehensive financial Planning
An investor without an investment objective is like a traveler without a destination.– Ralph Seger
For an dream to come true, whether it is your dream car or your dream vacation, it is very important to a clear set of goals. The same holds true even in the case of investing. One can spend his entire lifetime earning and saving money, but if the same is not in planned smartly, it will be in vain.

Contrary to popular belief, one may be saving, but not necessarily investing. Did you know that there is difference between savings and investments?

savings

In simple terms, when a person’s income exceeds his or expenses, the balance is termed savings. Savings form an imperative part of your financial future as they ensure financial stability in the future. Having a positive balance after meeting your expenses from your income is the first step in the financial planning process.

Savings means that only some amounts are saved, without any scope for returns. However, saving smartly does not amount to investing smartly. For e.g: I can save ₹ 10,000 from my salary every month after meeting my expenses. But this amount of saving does not necessarily give an opportunity to grow or multiply the amount of savings.

savings
For e.g: If your income is ₹ 50,000 and your expenses are ₹ 30,000, then the remaining amount of ₹ 20,000, generates the amount of savings.
savings

Contrary to popular belief, one may be saving, but not necessarily investing. Did you know that there is difference between savings and investments?

From Goals to Gold: Achieving Financial Success with comprehensive financial Planning

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