Desire V/s Need and the role of financial planning
I have been in
financial planning since last 5 year and I have noticed one thing that the
average investors are not able to differentiate desire and need. In this world,
every human being have some needs and responsibilities. Everyone has to fulfill
basic need like bread and butter, clothes and residence. After fulfilling these
basic needs, there are some other responsibilities like take care of family
members and social responsibilities towards relatives and society. Here from
family members means include mother and father also. As many people in India
are also adopting the western lifestyle and planning only their wife and kids.
In the above paragraph,
I have discussed about only human needs. These needs may be different for
person to person. I have seen many person who have immense wealth but not happy
as they have not separated their need and desire. When the word “Desire” comes
in picture, then the peace of mind and happiness go away from human life. As
there are no limit of desire and for fulfill your all desire one human life is
not enough. You have to take birth many many times to fulfill your desire but
it does not complete and it is the main cause of sadness and the common person
are not able to enjoy the life in today’s world. As long as desire increase in
your life, the other very dangerous and new element comes in your life that is
called “Greed”. Once greed enters in your life you cannot be live happy life
and satisfied life.
Now you are realizing
that the main cause of our sadness in life is greed factor and we should
completely avoid it but it is not possible. Every human being is in within influence
of some amount of greed. We cannot avoid it but we can control. How it should
be control? The answer of this question will give you by your financial
planner. In this article I will not discuss about how to make financial plan
but tell you only why and how important is it for you.
By making
financial plan you will be able to draw a line between your need and desire.
You will set your future goal and priorities. To fulfill your future commitment
where should you have to invest that will be take care by your financial
planner. Financial plan is nothing but some pieces of paper where you have
described your priorities and goals and it also have the strategies how to
achieve your future goal successfully. By fulfilling your commitment and goals
I think most of us can live peacefully and filled with joy life with control of
greed and desire.
How to make
plan and what other factor play important role in financial planning, we will
discuss in our other blogs and articles.
If you want more information
regarding investment or you need investment services, feel free to ask us. We
also conduct the seminar on investment and financial planning. If you are
interested for seminar in your city just drop the mail.
Warm regards,
Arvind Trivedi
Certified Financial Planner
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