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financial markets

Detailed Outline & Guide to Personal Finance

author
Ramanjeet Mohanty
October 25, 2020
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India is always considered the country of savers rather than investors, being the second-largest country in the world in terms of population. Indians always have had a lot of hardships when it comes to transparency of the Indian financial system, with a lot of scams and crisis. As we know investing always comes with the risk of default and credit, this is why Indians always fear investing. On top of this, the lack of proper financial literacy has made people clueless about the financial products we have.

In the last 10-15 years India has witnessed a great surge in the demand of varied financial products , as middle-aged people and senior citizens didn’t have access to internet or any other sources of information (thanks to Reliance Jio now we have one of the best internet *slow claps*). From the year 2015, a vertical rise in the investment in capital markets has been seen, thanks to the youth who has quite actively participating in this process.
Now the youth ranging from 25-35 years constitute 40% of the Indian population , and their risk appetite is so high and moreover information nowadays is quite easily available.

Now the question arises, ”How anyone can plan for their investing and financing activity and why does one need Personal Finance?"

Personal finance helps you realize your financial goal (Maybe buying a new house, retirement plans, children's education), etc, further helping you to figure out where to invest the money so that your goals will be fulfilled.

You may have the funds to invest but not the time to read, analyze and invest. There are thousands of places where you can invest and make good returns but lack of knowledge and expertise will lead to wrong or no investment, there the role of personal financier comes into the limelight.

It is just a myth that India's finance advisory is a big man's game. Finocontrol assures you that personal financing is now in everyone’s hand.

Now make your investment and financial goals achievable with Finocontrol.

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