Goal-Based Financial Planning: Aligning Your Investments with Life Goals

  By Financial Friend, Jaipur's Trusted Financial Planning Service "Save money, avoid debt at all costs!" We've all heard this advice from our parents and grandparents. But here's a surprising truth I've learned after years as a financial planner in Jaipur: not all debt is created equal. Some debt can actually help you build wealth, while other types can keep you awake at night with worry. What Is Good Debt? Good debt is an investment. It helps you grow your wealth or improve your financial future. It’s the kind of debt that supports goals like: Higher Education: An education loan that increases your earning potential. Home Loan: Buying a home that appreciates in value. Business Loan: Funding your business to generate future income. Benefits of Good Debt: Low-interest rates (like home loans) Tax benefits (such as Section 80C or 24(b)) Long-term asset creation Good debt = borrowing with a clear purpose and plan to repay. What Is Bad Debt? Bad debt is any deb...

  Are you lying awake at night wondering if your retirement savings will be enough? You're not alone. For many Indians approaching their golden years, the fear of outliving their money is very real. As a certified financial planner in Jaipur, I've guided hundreds of clients through these concerns, and I'm here to help you build a retirement that's financially secure and worry-free. Why Running Out of Money in Retirement is a Growing Concern in India The retirement landscape in India is changing dramatically. With increasing life expectancy (now over 70 years), rising healthcare costs, and shifting family structures where adult children may live abroad or be unable to provide traditional support, financial self-sufficiency in retirement has become essential. The Reality Check: Only 24% of Indians actively plan for retirement The average Indian needs approximately 70-80% of their pre-retirement income to maintain their lifestyle Healthcare costs are rising at 15% annually...