Summary |
The only financial planning book that you will ever need effortlessly blows away numerous misconceptions surrounding financial planning and explains lucidly how it is a process that involves any decision related to money. The irony is that most people do financial planning unknowingly and in an unstructured manner, whether it is buying insurance policies, or stocks, or investing in real estate or taking a loan. These decisions are generally taken in isolation, with no relation to each other, and without considering the impact of one decision on the other.
This book takes the reader back to ground zero, explaining very simply several areas of personal finance such as cash flows and debt management, risk management and insurance planning, asset allocation and investing, taxation and retirement and estate planning and how they all roll up into one holistic aspect of life called financial planning.
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