Section VI: Income Tax and Your Financial Planning

• Ques: Facts about financial planning
• Ans: Key points:
  • YOU ARE CONTROLING MONEY OR MONEY IS CONTROLLING YOU? It depends on your financial planning.
  • Financial planning is nothing but controlling your finances.
  • Let your money grow and work for you rather than working whole life for money.
  • Make your cash flow "need based" and "tax efficient" to make money out of money.
  • Don’t be your own doctor. Take the professionals advice. You may have fair idea but financial planners have better idea; go for it. Otherwise you will be saving hundreds and loosing thousands.