Financial Pyramid- 3 Steps to Follow
Many people thinks that financial planning means various investment options and returns they are giving. But in this process of investments and returns we normally forget the prudent and methodical way of building your personal financial plan.
Following are the stages of making financial pyramid:
STAGE I: Risk Management
A strong pyramid gets its strength from its base. Risk management builds the base of one’s financial pyramid. A strong or perfect financial plan should concentrate on managing the unexpected risks or emergencies of life. Most common emergencies or risks in one’s life are job loss, health related or risk of life. If you […] Read more