Akshay Mendole was not looking for a financial adviser. In fact, it was his sister who asked him to go and meet a person whom she wanted to be her financial consultant. Mendole, who was an ad hoc investor himself at that point, was so impressed by the concepts that the adviser explained that he decided to get his own financial plan made too. That is how Mendole met Swapnil Kendhe, who is based in Nagpur and has been Mendole’s financial adviser for about 6 months.
One of the first mistakes that Mendole realised he was making was that he had been investing based on returns, instead of goals. “If I saw a product that was giving good returns, I wanted to invest all my money in it. That attitude of mine has changed,” said Mendole.
But when he had to change his focus from returns to goals, he was at a loss—Mendole had never thought of financial targets. To give Mendole an idea, Kendhe told him his own goals. “This helped. I came to know that I will have to think of retirement as well,” he said.
