OMG once upon a time (about 20 years ago) one had to go to a British Council or the USIS to get something on Financial Planning.
Today every body from a credit card salesman to a real estate agent everybody talks of financial planning. So it has become more and more difficult to understand FP.
Now I hear of ‘Life time financial planning’ and ‘Life Planning’….sometimes I wonder why Financial Planners want to run people’s lives!
The latest I heard was ‘holistic financial planning’…that got my goat and decided to do a post. (by the way the guy who said H…F…P… did not understand ‘got my goat’ so I guess it is tit for tat).
Alas, he did not understand what is Holistic Financial Planning either. I did not try to Google for Holistic Financial Planning either. Words like holistic, strategic, …etc in corporate India is normally used to fill up space – have seen too many CXOs use these words without much meaning.
Holistic health care is something which interests me – being largely aware of the environment, eating what is good, understanding your body. Understanding the consequences of a poor diet or exercise…now this affects your brain.
Now holistic financial planning means (I guess) the planner will understand all your financial needs, resources, your attitude towards money, your job, everything which affects your life, job, money, retirement, ….etc. and then give you advise.
Truthfully how many of us trust ANYBODY to share all this? and least of all your ‘financial planner’ – a little green shoot at that? well, well people can be damn ambitious, right?
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