On the occasion of Father’s Day, we asked financial planners their money management mantras for soon-to-be-dads. Here is what they have to say.
Kalpesh Ashar, founder, Full Circle Financial Planners and Advisors
It is interesting to delve into the mindset of a ‘father-to-be’ as he is both excited and nervous about this phase of his life. A flurry of thoughts is crossing his mind about his financial profile, and also his outlook and behaviour towards life in general.
Once this initial excitement settles, a sense of sudden maturity and comprehensive responsibility takes over. At times it is seen that some individuals tend to ‘overthink’ this aspect, which sets them on the path of making wrong decisions in life and their finances as well. Remember your spouse needs you to be with her during this phase and hence you need to have an efficient ‘work-spouse’ balance.
