Your investment planning journey begins by having a clear understanding of your current financial standing.

You can assess your financial situation by taking factors such as income, expenses, liabilities, savings, and assets into account.

Include income from all sources such as salary, business, freelance income, rental income, bank fixed deposit interest, and dividends. The savings include the cash you have in your bank account and emergency funds.

The assets include all properties, cars, investments, jewellery etc, and liabilities include debt such as credit card debt, mortgage, education loan and so on.