FINANCIAL HEALTH CHECK

A financial health check up is suggested for your awareness of your financial stand points and to avert financial losses. We look forward to your age, marital status, employment status, properties and annual income, we advise for your financial stability:

• Budgeting your income and expenditure
• Building good credit
• Controlling debt
• Curbing unnecessary spending
• Identifying and attaining your financial goals
• Making the right planned investments

Financial health assurance is very important for your personal finance. It determines your annual income and insurance spending patterns and also helps to know the level of savings you can. This post mortem will help in determining an individual’s financial situation to achieving the goals. This analysis will one for the future betterment.

 

GOAL PLANNING

Das Financial Solution helps you to get a financial health check up by analyzing your spending patterns, various income sources and suggests an actionable plan to help you achieve your goal.
Whenever you know your financial position, you will easily step forward for your financial health. The journey of goal may start for a year but ultimately it will lead you to long way.
Only a financial advisor can help you to increase your net savings by right investments. Lastly, but not the least your financial progress has to be evaluated at regular intervals. This is very important for your steady stepping.
As your CFO, we help you to

• Identify your financial goals
• Determine your journey within required timeframe
• Move forward with proper marketing strategy which will be provided by DFS
• Ultimate evaluation of your progress

Our online personal finance planning software Das Financial Solution helps you plan your goals in a more disciplined and scientific manner. Even you can track the performance of your investments made for excuting your goals using Goal Tracker.

 

RISK PLANNING

Wealth creation and risk planning go side by side. Risks can’t never be eliminated from path of your life. The next best point to do is to minimize risks. The expert Financial Advisors of Das Financial Solution helps you in risk planning by the following :

• Risk Avoidance – Decide on what risk can be totally avoided and what cannot be.
• Risk Reduction – Generally investments with high risks have better returns but how much risk is acceptable?
• Risk Acceptance – Differentiate between separate acceptable and unacceptable risks to plan accordingly
• Risk Transfer – Unacceptable risks are transferred generally by means of insurance.

Using our online platform Das Financial Solution , you can make yourself financially secure. It helps you mitigate your risk by providing a scientific approach to the required insurance calculations to the counter financial uncertainties which arise due to unforeseen events.

 

RETIREMENT PLANNING

Most Common Mistakes:

• Simply buying retirement plans will be enough to accumulate retirement compilation.
• Withdrawing retirement savings such as Provident Fund (PF) before retirement age.
• Saving in National Pension Scheme (NPS) with the sole purpose of tax savings.
• Underestimating the amount that should be accumulated for retirement.
• Thinking about growing funds through investments would be enough to retire peacefully.
• Misconception that National Scheme asset allocation does not require risk profiling.

 

FINANCIAL PLANNING

Financial Planning is a continuous process to help you make intelligent decisions about money that can help you achieve your goals in life; it's not just about buying products like a tension free pension.
It might involve putting appropriate backbones to protect your family, thinking about how your family will manage without your income should you fall ill or die in harness, spending money differently, but it involves thinking about all of these things together i.e. your 'plan'. You can build a plan with your own capability.
Create a sound financial plan in six steps
You should time to time analyze your financial values and goals. This involves identifying how you consider about money and why you feel that way. The purpose of this analysis is to differentiate your needs from your demands.
Specific financial goals are very important to financial planning. Anyone can suggest financial goals for you; but, you must decide which goals to achieve. Your financial goals can range from spending all of your current income to cultivating an extensive savings and investment program for your future financial security.
Why do you choice Das Financial Solution :-

• Easy access,
• Proper guidance,
• Flowless achievement,
• Minimize confusions,
• Maximum benefit,
• Optimum tax savings
• Overwhelming confidence.

 

GOAL SETTINGS

Goals that are considered difficult to achieve and specific tend to increase performance more than goals that are not.[7] A goal can become more specific through enumeration, such as by demanding "...increase productivity by 50%," or by defining certain tasks that must be completed.
Framework of goals affects outcomes in four different ways :
Choice: Narrow goals attention and direct efforts to goal-relevant activities, and away from goal-irrelevant actions. Effort: Goals can lead to more effort; for example, if one typically produces 4 widgets an hour, and has the goal of producing 6, one may work more passionately towards the goal than one would otherwise.
Persistence: Someone becomes more likely to work through obstructions if pursuing a goal.
Cognition: Goals can lead individuals to develop and change their manner.
OR,Goal setting is a fruitful process for thinking about your ideal future, and for motivating yourself to turn your vision of this future into reality.
The process of aiming at goals helps you to choose how to explore your life. By knowing accuratelywhat you want to achieve, you know where you have to concentrate your efforts. You'll also quickly spot the distractions that can, so easily, lead you astray.
Why Set Goals?Top-level athletes, successful business personalities and achievers in all fields all set goals. Setting goals gives you long-term vision and short-term imagination. It focuses your acquirement of knowledge, and helps you to organize your time and your capital so that you can make the very most of your life.
By setting sharp, clearly defined goals, you feel pride in the achievement of those goals, and you'll see forward progress in which might previously have seemed a long pointless grind. You will also raise your self-confidence, as you recognize your own capability and adequacy IN achieving the goals that you've set.

 

INVESTMENT PLANNING

First it is better to evaluate the best investment options and identifying the investment plans which is suitable for your financial situation forms an integral part of financial planning process. Investment options should be selected mathematically and have to be critically evaluated.
We sometimes fail to design a systematic investment plan which can increases our probability of success. It is important that we take care of every investment decision being made, while defining your investment plan make sure :

• Define the goals and the respective time lines when you want to execute your dream.
• A Assess your surplus.
• Assess your risk factor.
• Diversify the investment allocations based on minimum risk.

A systematic investment plan is sufficient to bond the gap between your dreams and reality. However, your behavioral biases limit this potential thus creating a difference between your expected returns and actual results. The Investment options which you undertake has to execute your goals. Even the best Investment planning services in India have to address your risk tolerance levels. In your exploration to invest in the best investment plan in India, you should not forget your essential investment objectives.
At Das Financial Solution we organize the techniques of developmental finance to counter the inclination of individuals and help them bring discipline to their investments.

 

TAX PLANNING

Income Tax planning is one of the most important features of personal finance. It is an integral part of our savings plans. However, 90% of financial mistakes by individuals in our country are made during the tax planning period. Most of the individuals fail to estimate their tax liability and postpone the tax savings at last minute. Hence in India, tax planning is given more importance only during the last few years due to these reasons, they end up paying unnecessary taxes. Strategies for income tax planning in India often concentrate more on deduction under section 80C of the income tax code. Tax planning should be considered as an integral part of an overall financial plan. This would help an individuals in upgrading their tax planning strategies.
You may have often faced problems in assessing your actual tax liability. As a result you end up paying more than required amount in form of taxes . Also taking tax planning tips from friends and family who may not be experts affects your overall financial plan.
Good tax planning services advocates paying taxes smartly by utilizing the provisions in the Tax Laws to minimize the tax liability. The best tax saving plan will include a comprehensive view of the impact of your tax savings on your financial goals.
The tax planning services on Das Financial Solution helps you in optimizing tax planning by :

• Identify your tax liability
• Providing Comprehensive assessment of all tax related deductions that are already available in the form of house rent, provident fund, health and life insurance etc.
• Identify the impact of tax savings on your available surplus.
• Evaluating all your tax saving investments based on their merit.

Use the tax planning tips from Arthood to design a best tax saving plan. Your unnecessary tax related purchases can be reduced by effectively. Using our online personal financial planning of Das Financial Solution, get a detailed tax assessment. Das Financial Solution also helps you to evaluate all your existing tax saving investments and makes recommendations on future tax planning. Avoid unnecessary tax payment that cause money outflow in the name of tax savings by using Das Financial Solution.
Some Unplanned Savings