How investing with ameriprise financial advisors benefitted me!

In a country filled with innumerable financial planning firms, it is a matter of great joy if you can get in touch with someone genuine. A long time ago, when I was short listing some financial advisory firms in my area, I came across Ameriprise. A couple of friends and colleagues had recommended it to me, citing that ameriprise financial advisors are well educated, and experienced. Well, my friends and colleagues turned out to be wrong. Want to know why? Because Ameriprise’s financial consultants are not only educated and experienced, but also extremely polite, courteous, and have the mindset to work in the best interest of the customers!

After a few introductory sessions and meetings, I started investing my money with Ameriprise. They suggested me various secrets, which I’m going to share with you –

·         Buying policies: Buying policies is one of the foremost actions you should perform. Buying various policies insures you against life’s unforeseen circumstances. A medical policy can help you out when there’s an emergency operation to be performed; fire insurance can get you the compensation in case your assets burn down during fire; life insurance can help your family financially when you’re no longer present. 

·         Invest in mutual funds: On the basis of ameriprise financial advice, I invested my money in mutual funds. It turned out to be one of the best decisions of my life. In accordance with my short term income goals, they suggested the right kind of mutual fund investments that are offering me monetary gains frequently. And since your money is invested in various options in a mutual fund, there’s a great chance of risk minimization and profit maximization. I didn’t know about this until the advisors helped me out.

·         Open a fixed deposit account: At times, we have some spare money that we don’t know what to do with. On Ameriprise financial planning advice, I opened up a fixed deposit account and put all my money there. FD is a safe option at a time when you don’t want to risk that spare money! Mutual fund investments and other such investments can be risky at times.

Have you ever thought of hiring a financial advisor gurgaon for your business?

When we talk about financial planning, people start thinking about investing

their money in shares, stocks, mutual funds etc. in order to meet the requirements of various stages of life. But rarely does one think of hiring a financial planner for business. Financial planners can turn over a company’s fortunes if handled with utmost precision. There’s a good chance of the company generating voluminous business, as well as some great turn over.

If you have never thought of hiring a financial advisor gurgaon for your business, it is time you do. A financial advisor can help you out with a lot of things that you probably haven’t thought about; starting from managing your working capital to helping you keep an eye on the operating expenses so that you don’t go overboard. 

Knowing how much working capital you should ideally have and at what rate you should keep on increasing it is very essential if you want to grow your business. Same is the case with operating expenses. Your operating expense should be optimally controlled and should always be a fixed percentage of your working capital.

A financial advisor noida can help you out with such things because they are brilliant with economics. Recently, one of my friends had the privilege of hiring someone a good financial advisor, and he can already feel the change in his business. His business has grown 1.5 times in a year, all because of careful planning and proper implementation. And mind you, implementation is more important than planning, because that’s where everything occurs.

While hiring a financial advisor, you should be careful to note whether they have performed financial advisory duties with any business firm. If they haven’t, then it is entirely up to you whether to trust them with your business or not. While they may be exceptionally good with personal financial planning, business financial planning is a different ball game altogether. We would advise you to hire someone who is adept at business advising since he will be experienced. His experience can help you out at a lot of places, including when your business is facing tough times.  

Unusual financial planning tips you haven’t thought about!

When people hear the term ‘financial planning’, they start thinking about filing income tax returns, sitting down with calculators to perform advanced computing tasks, and reading the offer documents of every financial planning firm. But after you read this, you will realize that you can plan out your finances in the simplest of manners by making minor adjustments in your day to day living! Let us look at some unusual ways in which you can bring your financial life on track –

·         Use public transit: Petroleum prices are rising at a massive rate. Comparatively, public transport such as local trains, metro, and AC buses are cheaper. You can save several thousands of bucks every month if you just cut down on your car traveling and instead choose to travel by public transport.

·         Use free calling apps: Cell phone bills constitute one of the major spending every month. These days, smart phones offer apps that can totally cut down your phone bills. You can make free calls, as well as text without paying a single penny. All you need to spend on is a basic internet plan! You can save several thousands of rupees per month by cutting down on your phone expenditure.

·         Replace old lights and other electrical appliances: Old lighting fixtures and appliances such as air conditioner and geyser can consume a lot of electricity. It is advisable to replace them than to continue using them. While some people often wonder that it is not worth it to spend money on new appliances, it is definitely cost effective in the long run.

·         Create alarms: There are various types of alarms that you should set namely credit card payment, phone bill payment, electricity bill payment etc. This will help you to pay the bills on time and avoid hefty penalties. Paying penalties is a totally unnecessary habit and shouldn't be inculcated. One would rather donate that money than to give it as a late fee!

While these are some homely remedies to save money and improve your financial health, if you want to invest money then you should invest with financial planning companies.