MPowerMPower““To continuously provide our clients with To continuously provide our clients with

financial solutions that they achieve personal financial solutions that they achieve personal freedom and the ability to live their dreams.”freedom and the ability to live their dreams.”

www.veenamalgonkar.comwww.veenamalgonkar.com

CORE VALUESCORE VALUES

• We are committed to constantly upgrading our We are committed to constantly upgrading our knowledge to provide value added financial knowledge to provide value added financial planning and investment management services.planning and investment management services.

• We are committed to maintaining high ethical We are committed to maintaining high ethical standards at all times when dealing with our standards at all times when dealing with our clients and ensuring the confidentiality of our clients and ensuring the confidentiality of our relationship.relationship.

• We will endeavour to exceed our clients’ We will endeavour to exceed our clients’ expectations while dedicating ourselves to expectations while dedicating ourselves to providing peace of mind to our clients.providing peace of mind to our clients.

• We value long term relationship with our clients.We value long term relationship with our clients.

WHAT IS FINANCIAL WHAT IS FINANCIAL PLANNING?PLANNING?

It is not very complicated. Basically It is not very complicated. Basically financial planning is a financial planning is a PLAN – A Plan PLAN – A Plan to to meet your financial goals. It is meet your financial goals. It is notnot a a

product or a procedure. This product or a procedure. This PLANPLAN has has to work whether you are healthy or ill, to work whether you are healthy or ill,

whether you are employed or whether you are employed or retrenched, whether the markets are retrenched, whether the markets are up or down, or ultimately even if you up or down, or ultimately even if you

are alive or dead.are alive or dead.

How to make a Financial How to make a Financial PlanPlanBuild a Team of AdvisorsBuild a Team of AdvisorsA Certified Financial Planner would be in a position A Certified Financial Planner would be in a position

to take a holistic view of your Financial needs and to take a holistic view of your Financial needs and assist you in preparing a financial plan. assist you in preparing a financial plan.

Remember:Remember: - Your Chartered Accountant is not a financial - Your Chartered Accountant is not a financial

plannerplanner - Your Banker is not a financial planner- Your Banker is not a financial planner - Your Stock Broker is not a financial planner- Your Stock Broker is not a financial planner - Your Insurance Advisor is not a financial planner- Your Insurance Advisor is not a financial planner - Your Book Keeper is not a financial planner- Your Book Keeper is not a financial planner

Three Pillars of a Financial Three Pillars of a Financial PlanPlan

Every Financial Plan needs three pillars Every Financial Plan needs three pillars like the three legs of a stool. like the three legs of a stool. Without one leg the stool will Without one leg the stool will collapse. These three legs are:collapse. These three legs are:

1.1. ProtectionProtection

2.2. SavingSaving

3.3. InvestmentInvestment

ProtectionProtection

This is where your life and general insurance comes in. This is where your life and general insurance comes in. Everyone needs:Everyone needs:

1.1. Medical InsuranceMedical Insurance2.2. Critical Illness InsuranceCritical Illness Insurance3.3. Accident InsuranceAccident Insurance4.4. Life InsuranceLife Insurance5.5. House InsuranceHouse Insurance6.6. Car Insurance, etc etcCar Insurance, etc etc

It is surprising to note that every person takes their car It is surprising to note that every person takes their car insurance, but very few will have life insurance and even insurance, but very few will have life insurance and even less will have a critical illness or accident coverless will have a critical illness or accident cover

SavingSaving

This is where your Safe and Secure This is where your Safe and Secure investments are found. This would include:investments are found. This would include:

1.1. Provident FundProvident Fund

2.2. Fixed Deposits Fixed Deposits

3.3. Post Office Savings Post Office Savings

4.4. RBI BondsRBI Bonds

and most importantlyand most importantly

5.5. ULIPs and Pension PlansULIPs and Pension Plans

INVESTMENTINVESTMENT

The product you invest in is not so The product you invest in is not so important as the plan. Discipline is important as the plan. Discipline is needed to stick to the plan. Emotions needed to stick to the plan. Emotions of greed and fear should be of greed and fear should be removed. If you are doing it correctly removed. If you are doing it correctly investing should be boring. investing should be boring.

Mind Your Own BusinessMind Your Own Business

Most breadwinners spend their lives Most breadwinners spend their lives minding someone else’s business minding someone else’s business and making that person rich. Even if and making that person rich. Even if you are self employed, your time is you are self employed, your time is spent in serving your clients. Your spent in serving your clients. Your own business revolves around your own business revolves around your assets.assets.

ASSETSASSETS

Real Assets are:Real Assets are:

1.1. Businesses which do not require my Businesses which do not require my presencepresence

2.2. Income Generating Real EstateIncome Generating Real Estate

3.3. StocksStocks

4.4. Mutual FundsMutual Funds

5.5. Bonds, Fixed Deposits, etcBonds, Fixed Deposits, etc

6.6. Royalties from intellectual propertiesRoyalties from intellectual properties

7.7. Anything else that produces incomeAnything else that produces income

Overcoming ObstaclesOvercoming Obstacles

1.1. Fear - Fear of losing money and hence Fear - Fear of losing money and hence playing it too safeplaying it too safe

2.2. Cynicism – I always lose in the equity Cynicism – I always lose in the equity markets. The markets are going to crash.markets. The markets are going to crash.

3.3. Laziness – Laziness by staying busy on Laziness – Laziness by staying busy on other thingsother things

4.4. Bad Habits – Overcome this by paying Bad Habits – Overcome this by paying your self first to add to your asset your self first to add to your asset column every month.column every month.

5.5. Arrogance – this is ego plus ignorance.Arrogance – this is ego plus ignorance.

MIND YOUR OWN MIND YOUR OWN BUSINESS.BUSINESS.GET STARTED ON YOUR GET STARTED ON YOUR FINANCIAL PLAN.FINANCIAL PLAN.

Contact: Veena MalgonkarContact: Veena Malgonkar

malgonkar@vsnl.commalgonkar@vsnl.com

93710005999371000599