Suresh Sadagopan, founder of Ladder7 Financial Advisories says, “Though most of us earn well, we all spend good amount of money. Your savings count when it comes to financial freedom.” He underlines the need of a financial plan – the blueprint that will help you to reach your destination of financial freedom from where you stand today.
The financial plan should capture investments, liabilities and insurance products one should buy. Such a plan can be prepared by an individual himself if he has time and inclination to do it. If not, he can approach an advisor. A well thought out financial plan, if implemented well can help you achieve financial freedom, he adds.