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Home Uncategorized Viewpoint | Investment advice is not just for the rich

Viewpoint | Investment advice is not just for the rich

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Financial planning or advice isn’t just about getting rich. It’s rather about using the limited available resources to best achieve your real financial goals.

Dev Ashish

As a financial advisor, this is one of the most common misconceptions that I come across—professional financial advice is only for the rich. In fact and to an extent, it is the other way round.

No doubt the rich need proper advice to manage their enormous wealth. But remember, the rich are already smart enough to have become rich (ignore inheritors for the time being). Instead, it’s the not-so-rich with limited means of income that are most often than not given wrong free advice by so-called well-wishers. Those with ever-growing expenses, are always one personal emergency away from a financial disaster and have big financial goals to achieve are the people in more urgent need of proper financial guidance.

The purpose of planning

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