I have become focused and disciplined towards my investments and have decided to keep my liabilities in control

In the software industry, we work long hours, which is not very helpful when it comes to taking out time for our own personal finances. I needed a professional expert to understand my financial health and to let me know if I need to take any corrective measures regarding my finances. 

It was then that I was referred by a friend to FinEdge. Earlier I had been only investing in an Insurance Policy. During discussions with my Investment Manager on my investment plan, I was told that treating insurance as  an investment could be detrimental to my overall portfolio.

I also had liabilities to cater for. I had been paying almost 60% of my monthly income in form of EMIs for my Home loan, car loan and a personal loan. Also, I concluded that my retirement is a key goal and I have not been paying much attention towards creating a fund for it. So the problems were many. 

My investment manager made me prioritise paying off my loans and getting rid of my liabilities first. So we prepared a plan for prepayment of my loans. With his help, I was also able to prioritise my other two goals which are retirement and my children’s education. I understood that it is never too late to start the journey of goal achievement as long as the right processes are followed. 

Now, I have become more focused and disciplined towards my investments to achieve my goals and have decided to keep my liabilities in control. Thanks to FinEdge, I have started walking on the path towards my goals which is battle half won.