The
HDFC Life ad always reminds us life beyond just survival. It talks
about living our dreams to the fullest, leading a self reliant life.
But the stark reality remains we always measure our achievement with
our bank balance. We compare it with our fleet of cars and number of
social clubs membership we have gained. Do we always want to stay
stuck with the thought “that
I am financially ready for anything in life or after it” or
we want to beyond it.
A Financial Planner always starts to
probe client's needs and wants in the ascending format of pyramid.If
the client has made a provision for all of his goals, he believes
that he doesn't need any further help except for review. Most of
planners leave their role at this juncture considering that the
client has met or planned for all his life.But that is a
misconception. We need to probe a little ahead and actually make them
realize about their bottled aspirations and dreams. Move on Financial
Planning – lets look at Life Planning.
Life
Planning is to achieve towards those unfilled wishes which are left
incomplete due to either our own phobias, time commitments or family
responsibilities. So, have we all identified such desires which are
deep down in our heart and unfulfilled? Most of time when I raise
this question to any client , they rather listens to us with all
rapt attention but are unsure about their reply. The first thing that
they mentions is “I
donate annually some amount to XYZ charitable trust” or “I pay
for my servant's son's education fees”. WE MIX LIFE PLANNING WITH
CHARITY. It
is not the right way to interpret Life Planning.
Life Planning can be understood in
following points:
a) Life Planning is not limited to
economic achievements it is about emotional satisfaction. It is not
always wealth accumulation sometimes its even giving away. Share your
work knowledge to the novice in the industry. Help them build
contacts. A charitable trust to sponsor local talent in sports,
education or even helping with expensive medical equipment.
b) It can be measured with the joy
of attempting something without fear of loosing something. Something
like setting up a school for local street kids and teach them.
c) It is about living your entire
life as if there is just a single day. Hosting a party for all your
friends, families and loved ones to thank them for all their efforts
and support.
d) Life Planning is attempting to do
what you couldn't do till now. It could be as simple as creating a
song album for yourself or watching a live jazz performance in
Manhattan.
The concept of Life Planning tells
us that we should retire from our active work life and not from
simple joys of your life. Till now, we have lived every moment as a
responsibility or as our duty for our family. Its now time to do
what our heart intends to do. As it is rightfully said, we relive our
childhood in our sixties. ”Pachpan mein Bachpan”. So,don't limit
your planning let it evolve.. never let a dream just fade away.
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