What is Financial Life Planning?

We take life as it comes, without giving any serious thought to where we are going and whether our goals are meaningful and worth pursuing. Often times, we are simply drifting. Many people are unhappy with their lives, are stressed out & live unfulfilling lives.

We all have goals in life that we want to achieve. Most of these goals are predictable – like children’s education, a home, vacations, comfortable retirement etc. We spend our waking hours, working for a living. We feel satisfied when we are able to provide the creature comforts to our family. However, our goals keep moving up, up & away. The shifting goal posts of life ensures that we are constantly on the treadmill, working some more to earn more.

Can One Really Plan Life?

This endless pursuit of material goals tires us out. Some of those goals make us stretch ourselves to the fullest and add stress & anxiety instead of a sense of purpose and to achieve them. That is why even many acknowledged high fliers are not happy with their lives, even though they are respected, are earning quite well and have more than taken care of all their family needs.

That is because the really important things in life have been relegated to the background while we sleepwalk through life without truly living our life. Hence, many actually feel an emptiness in life, a feeling of being chained & seriously lacking in vigour as we are not doing those things we truly cherish.

The endeavour hence is to discover what is truly close to our heart & find out what it means to have lived a life imbued with meaning, happiness, contentment & self-actualisation.

If we discover those things that would truly inspire us, empower our spirit, fill our hearts with happiness & help us experience a tremendous sense of freedom – how would it be?

Needless to say, it will be transforming. Having discovered those things that would transform our lives, who would want an ordinary life of plodding & drudgery? But is it possible to live such a life? What about the financial goals that we as a family have?

The financial life planning exercise

The life that we want for ourselves can be decided by us. That would include the financial goals as well. One needs to ponder over the sort of life they would want to create for themselves. Based on this, a financial plan would be created to help one live a life that’s energising, elevating & blissful. This whole exercise is called Financial Life Planning.

This may look esoteric, idealistic & philosophical at first glance. Many have accepted that life is a zero-sum game – when we go after money one needs to be prepared for an uphill climb, filled with agonising work, onerous responsibilities & attendant stresses. Many even sacrifice their ideals at the altar of financial gains & material comforts. But, life need not be that way at all – unless we want it that way.

Ethics & Integrity

In financial life planning, the first portion would be to deeply explore what is it that would count as an exciting life – a life well lived. The truly important goals are often things which are not necessarily about money. We have found that people want to better the quality of their relationships, spend more time with the family, learn an instrument, pursue hobbies, give back to the society/ environment, take care of their parents, get back in shape etc. Most of these things do not need money – at any rate not too much to pursue any of these. But pursuing these would significantly improve the quality of their lives for these are truly important to them.

Simultaneously, we would be working on the finances after incorporating the important, heartfelt goals and have a financial plan in place that would make it all work.

We are SEBI Registered Investment Advisors

Financial life planning helps our clients to reimagine their lives and come up with a life that is invigorating that they truly want to live. We would help our clients to do this using tools which will facilitate this process of discovery. We would be engaging with them to help them explore, visualise and tackle the probable obstacles in their path. Once this redraw of life is done, we would come to the financial architecture needed to achieve this wonderful life that the client has visualised.

In a nutshell, Financial Life Planning is a process that helps the client to visualise and reimagine their life and have the financial blueprint in place to make that happen. Is that not what we all really want?  

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