Are you a young aspirant wanting to achieve something big in life? Like starting your own business or graduating from a premier institute or buying the bungalow of your dreams? Well, your life goals can be realized, all it will take is passion, hard work and smart financial planning.
Life Goals may vary, but your financial plan needs to be constant
Each individual's Life Goal will differ from one another, ranging from having a destination marriage like the power couple Virushka to celebrating one's 15th anniversary on a private yacht or sending one's parents on a luxury world tour. The only thing that should remain unchanged to achieve these goals is a well-thought-out goal-based investment plan. What this means is that you should attach your goals to your investments. This will help you understand how much you need to save for your life goal, and which asset classes you should invest in as per your risk appetite and time horizon to achieve that goal.