Last Updated on May 12, 2023 by Anjali Chourasiya

Managing personal finances is one of the most important aspects of our lives. It’s a crucial task that helps us achieve our financial goals, secure our future, and maintain our overall financial well-being. However, many individuals often overlook the importance of financial planning and managing their finances well.

As a Certified Financial Planner (CFP), I cannot stress the importance of financial planning enough. Many believe that financial planning is only for the wealthy or the retired. Still, it is a crucial step for everyone, regardless of their financial situation. 

How can a financial planner help?

Just as a doctor is an expert in diagnosing and treating health issues, a financial planner or advisor is an expert in managing and optimizing personal finances. A financial planner can help you in a number of ways, whether you are a – 

  1. Salaried employee, 
  2. A business owner, 
  3. Or a freelancer.

Let’s take a look at some scenarios of how a financial planner can be of great help:

  1. Salaried employees: As a salaried employee, you may have a stable income, but managing expenses and saving for the future can be challenging. A financial planner can help you create a budget, plan for retirement, and manage your investments.
  2. Business owners: As a business owner, your income may be irregular, and managing cash flow can be challenging. A financial planner can help you manage your finances, minimize taxes, and plan for the future of your business.
  3. Freelancers: As a freelancer, you may have a variable income, and managing finances can be overwhelming. A financial planner can help you create a budget, manage taxes, and plan for retirement.

Why do you need a financial planner? 

Financial planning is not just for the wealthy or those approaching retirement. It is a process that can benefit anyone at any stage of life. For example, let’s consider a young professional just starting their career. They may not have a significant amount of assets, but a financial planner can help them create a budget, set financial goals, and start saving for their future. As they progress in their career and start to accumulate more assets, a financial planner can help them develop an investment strategy to maximize their returns and minimize their tax liability.

Here are some reasons why you need a financial planner in your life:

  1. Setting financial goals: A financial planner can help you identify and develop a plan to achieve your goals. This may include saving for retirement, paying off debts, or saving for a down payment on a house.
  2. Creating a budget: A financial planner can help you create a budget that works for you and your lifestyle. This can help you save money, reduce debt, and live within your means.
  3. Managing investments: A financial planner can help you make informed decisions about your investments, whether investing in stocks, mutual funds, or other financial instruments.
  4. Minimizing taxes: A financial planner can help you minimize your tax liability by suggesting tax-efficient investments and taking advantage of tax-saving opportunities.
  5. Managing risks: A financial planner can help you manage risks such as unexpected expenses, disability, or death by recommending appropriate insurance policies.

Moreover, a financial planner can help you manage your investments by providing advice on the right investment options, rebalancing your portfolio, and monitoring market trends. This can help you optimize your returns and reduce your risks. So, don’t wait any longer and start planning your financial future today.


 Just as you visit a doctor for your health issues, it’s important to seek the services of a financial planner or advisor for your financial well-being. They can provide the guidance and support you need to make informed financial decisions and secure your financial future.

Nupur Shah
Notify of
Inline Feedbacks
View all comments

The blog posts/articles on our platform are purely the author’s personal opinion and do not necessarily represent the views of Anchorage Technologies Private Limited (ATPL) or any of its associates. The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, please consult a professional financial or tax advisor. The content on our platform may include opinions, analysis, or commentary, which are subject to change, without notice, based on market conditions or other factors. Further, the use of any third-party websites or services linked on the website is at the user's discretion and risk. ATPL is not responsible for the content, accuracy, or security of external sites. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or securities quoted (if any) are for illustration only and are not recommendatory. Any reliance you place on such information is strictly at your own risk. In no event will ATPL be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

By accessing this platform and its blog section, you acknowledge and agree to the Terms and Conditions of this website, Privacy Policy and Disclaimer.