Turn wishes into dated, costed goals, match each to the right investments, and plan for education, a home and several goals at once.
This module is where goals become numbers. It is for families who know what they want, such as a child's degree, a home or several goals at once, but not what each one costs, when to de-risk it, or which goal to fund first when the budget runs short. Every chapter works through a real Indian situation with arithmetic you can redo on your own figures.
Builds on: Money Basics · Pairs with: Retirement Planning and Mutual Funds: Start to Finish
A goal needs a cost, a date, an inflation-adjusted target and a priority. Learn to define each one and work out the monthly investment it needs.
Short, medium and long-term goals need different asset mixes. Learn how to match each goal to its horizon and build a goal-based glide path, fixed-date or flexible, as the date nears.
Build an education budget line by line, price different course choices, weigh an education loan against your own savings, and follow a year-by-year timeline to the first fee.
How much cash a home purchase really needs, how much EMI you can afford, how to think about renting versus buying, and the basic tax rules on home loans.
How to rank goals against each other when money is limited, see the trade-offs between them in rupees, fit several goals into one budget, and keep them on track.
Money n Wealth Academy is for education only and is not personalised investment, tax or insurance advice. Examples are illustrative. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Money n Wealth (Predics Fintech Services Pvt Ltd) is an AMFI-registered mutual fund distributor (ARN-121995) and APMI-registered PMS distributor (APRN07444).