Terminology - Financial Planning : Financial Goal
Suppose
you have a 2 year old son. You will require a corpus of money to send her to
college say when he turns 17 years.
And
you as a parent likes him/her to pursue a professional qualification say, medicine,
engineering etc.
You
may like to know how much corpus you need to have at that time so that his
education smoothly proceeds as per your plan. Hold All helps you estimate that
requirement & then tell you how much you have to set aside monthly out of
your income.
This
investments will also be directed to the right investments available which will
accumulate to provide that corpus you need at the right time. So you have a
financial goal for your sons / daughters higher education now.
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