Glimpse Of The Workshop
A Guest Session at GLS University on Personal Finance Well-being and Economy. The key points covered were budgeting, the importance of investing, goal Planning, and a few Micro and Macroeconomics concepts. How these economic concepts affect our personal finance.
Because learning starts with questions
What is financial independence?
You do not have to go to your dad to ask to pay your bills, this is financial independence for you today. And maybe after 5 years when you start working and earning money, financial independence would mean you will be able to select the company of your choice, the city of your choice where you want to work.
How to plan for financial goals?
Financial goals are responsibilities that individuals have in their lifetime. First, identify your goals and prioritize them. And then accordingly save and invest money. Earmark your savings to individual goals, and keep track of your investments to ensure that they are sufficient to meet your goals.
How important is Asset Allocation in Financial planning?
Asset Allocation is the strategy that helps you understand and balance the risk and return across your assets. While diversification is an essential aspect of asset allocation, it is way more than not putting all your eggs in one basket.