Goal-Based Financial Planning

Objective of the Video:

The video aims to introduce the course “Goal-Based Financial Planning” and highlight key learnings, including the importance of saving, the challenge of investing, and the necessity of setting financial goals.

Key Learnings from the Video:

Golden Statement: “It’s not your salary that makes you rich, it’s your saving habits.” Saving money is challenging, and investing saved money in the right place is even more challenging. The famous quote “a penny saved is a penny earned” underscores the importance of saving.

1. Topics Covered in the Course:

• Goal-based financial planning
• Savings vs. investment
• Portfolio management
• Risk profiling
• Investment planning
• Monthly small amount investment
• Lump-sum amount investment
• Financial instruments (debt/equity/currency/gold)
• Equity-based portfolio
• Mutual funds
• Early goals planning
• Emergency fund
• Medium-term goals
• Retirement planning
• Post-retirement investment

2. Professors of this Course:

• Mr. Sanjay Kathuria: Possesses sound knowledge of finance and related topics.
• Mr. Pankaj Chabra: A technical analyst and personal trainer with 10,000 hours of training experience, having trained around 5000 students and professionals.
• Mrs. Pallavi Nagpal Jairath: Experienced in working with popular news channels, sharing knowledge on the share market and personal finance through her shows.

Key Outcomes of the Video:

• Emphasizes the importance of setting financial goals.
• Encourages planning investments in various financial instruments like debt, equity, currency, and gold.
• Advises against investing in risky financial assets after retirement.
• Recommends investing some amount in an emergency fund to deal with uncertainties.