Importance-of-Financial
vijay2201 No Comments

To live comfortable life you should plan your financial goal carefully. Financial goal planning plays an important role in your life. These goal can be short term goals, mid term goals and long term goals.

How can you define short term, mid term & long term goals. Any goal which is going to fall in next 3 years should be considered as short term goal, if the period is about 5-6 years then it is considered as mid term goal and finally if period exceed 6 years and above it will be long term goal.

If you make clear segregation of such goals planning and execution of these goals become easy for you.

Now we learn how we can achieve them, for short term goal, you should make investment in FD, RD and Debt mutual fund, in other way you should make an investment in safe instruments. Whereas if is mid term then you can consider hybrid mutual funds, Gold, Post office scheme etc. and finally under the long-term option you can invest in share, equity mutual funds and PPF, etc.

Achieving goals become very easy if you have correctly segregated in short, mid and long term.

Goals term help you to choose investment medium and investment medium helps you to choose the amount to achieve the goals. So everything is connected to each other, making mistake any of these level may put you in trouble to achieve the goal.

Hope by now you have understood the importance of financial goals and how to achieve them. If you have any query, you can mention in remark..

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