Module 14: Financial Planning Framework – A to Z

Life का Financial Roadmap (Step-by-Step)

Stage 1: Foundation Building (Age 20–30)

🎯 Primary Focus: Habits, Skills, और Protection

• Income Skills Develop – Main job + side hustle skills
• Budgeting Habit – Wants vs Needs की आदत डालना
• Emergency Fund – 6 महीने के खर्च का
• Insurance – Term Plan + Health Plan
• Debt Avoidance – Credit card trap से दूर रहना
• First Investment – SIP in Index Funds / PPF

Stage 2: Growth Phase (Age 30–40)

🎯 Primary Focus: Family Security + Wealth Creation

• Income Growth – Promotions, Business Expansion, Side Income
• Home & Family Protection – Bigger term insurance, family health cover
• Goal-based Investments – बच्चों की पढ़ाई, Home loan prepayment
• Asset Diversification – Equity + Debt + Gold + Real Estate
• Tax Planning – Section 80C, 80D, HRA benefits
• Retirement Fund Start – NPS / EPF + Equity MFs

Stage 3: Acceleration Phase (Age 40–50)

🎯 Primary Focus: Asset Growth + Debt Clearance

• High Investment Rate – Income का 30–40% invest करना
• Debt-Free Target – Home loan closure
• Wealth Protection – Health top-up, critical illness insurance
• Passive Income Build – Rental property, dividend portfolio, REITs
• Portfolio Rebalancing – Risk कम करना (equity से debt shift gradually)

Stage 4: Pre-Retirement Phase (Age 50–60)

🎯 Primary Focus: Wealth Safety + Retirement Preparation

• Retirement Corpus Lock – Safe investments में shift
• Passive Income Activation – SWP from mutual funds, rentals, pensions
• Estate Planning – Will, nominations, trust (if needed)
• Debt-Free Confirmation – कोई loan नहीं होना चाहिए
• Healthcare Security – Big medical cover & emergency corpus

Stage 5: Retirement & Legacy Phase (Age 60+)

🎯 Primary Focus: Peaceful & Secure Life

• Low-Risk Portfolio – FD, Debt Funds, Senior Citizen Savings Scheme, PPF
• Monthly Income Plan – SWP, annuities, pension
• Health Care Fund – Medical inflation को ध्यान में रखकर
• Wealth Transfer Plan – Kids/grandkids के लिए assets का smooth transfer
• Lifestyle Planning – Travel, hobbies, philanthropy

Visual Roadmap (Summary Table)