Just earning a good salary is not enough for wealth creation. Absence of a financial plan that channelises our money towards reaching our financial goals—or worse, absence of financial goals —can backfire some time. That’s what Mumbai-based couple Dhananjay (45) and Preeti (41) Suryavanshi realised last year.
Dhananjay has a stable job at a leading power utilities company and Preeti holds a senior position at one of India’s largest conglomerates. Their finances were in a state of disarray before they met their planner. In simple words, they had the money, but it was lying idle. The money wasn’t multiplying, as it should have. A major chunk of their income used to go into fixed deposits (FDs) and real estate. Apart from the house in which they live, the couple has invested in two residential apartments and a vacant plot in Pune.
