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"Financial planning is about more than just good advice or investment returns. It is about providing guidance that you can trust."
It is always beneficial to plan out and have a blueprint of your future finances ready. You certainly don't want to make a same financial blunder that you have made earlier. It's also important to plan your investments well.
The Budget 2018 was announced recently and while there is no change in personal income tax, long-term capital gains will be taxed at 10% for amount exceeding Rs. 1 Lakh, without indexing.
So, how should you plan 2018 to make it financially viable?
To make your financial year of 2018 a big HIT, here are 10 financial moves that you can take:
1.) Venture on a Term's Plan or Insurance
Life has its own course of running. You can never be aware of what is going to happen next. It is unpredictable and therefore it's important that you plan ahead.
Invest on a Term Plan, as a way to secure your family's future. Term plan or Term Insurance is a financial protection that helps your family financially in your absence. Term insurances are increasingly becoming popular as they come with loads of benefits.
2.) Have a Health Insurance
Health is wealth and there is no denying that fact.
Whether you've family or you're living an independent life, it must be your priority to invest on a health plan. Accidents and ailments aren't uncommon, and the sad part is that medical treatment isn't cheap in our country.
Having a Health Insurance helps you overcome sudden medical emergencies.
3.) Invest in a Systematic Investment Plans (SIPs)
It is one of the most simple and convenient manner to invest money in mutual funds. You have the liberty to venture your money either weekly, monthly, or quarterly. Systematic Investment Plans grant you an already decided amount to be paid uniformly at regular terms. This type of investment in mutual funds is regarded as the most safe and suitable kind in the market.
4.) Buy Real Estate
After the implementation of the Goods and Service Tax (GST) in the year 2017, realty investors weren't very sure about their financial security. However, the picture is likely to change in the year 2018. It seems the government is looking for new ways to revive growth in the real estate sector.
With the Real Estate Regulatory Authority Act (RERA) in place, there is no place for false promises by real estate developers. You'll also most likely not have to deal with cheating or delay in possessions. Also, the rates are low all across the country. Owing to the good market conditions, this can be the right time to purchase a house or a commercial property. But, make sure to leverage the benefits of a home loan while doing this costly transaction. Instead of paying the complete cost in cash, use a home loan to pay a part of the total cost and save on taxes. What better time to invest in real estate than now?
5.) Evergreen Fixed Deposits
It is a financial mechanism provided by banks where investors receive a high rate of interest varying from 4 to 6.5 percent than the normal savings. Here, your money is deposited in a Fixed Deposit account for a certain time period without and you can't withdraw it until its maturity. The maturity periods can vary from a week's time to 7 years depending on the investors. And since your money is locked, you don't have any other option than to save. Loan on your Fixed Deposit is available, which you can opt for in the case of emergencies.
6.) Tax Saving Investments
Balance your portfolio well and keep a tab on the tax saving instruments, while investing in the year 2018. You're eligible for a tax deduction of up to Rs. 1.5 lakh under Income Tax Act Section 80 (C). Ensure to use this carefully.
In the cases of traditional debt tax saving instrument, the returns have become lower over the past few months. Invest in options like ELSS to maximise your ROI.
PPF is another option you have. Though the rate of interest has gone down recently, your money is safe here.
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What is Saleforce in simple terms? [In simple terms Saleforce? in Hindi]
In simple terms Salesforce is an online tool that helps businesses manage their customer information (basically a customer database). Salesforce is actually a CRM customer relationship management CRM.
Photo source: Salesforce
Salesforce gives you the fastest way from Idea to App. You can focus on building your app using Salesforce tools instead of building infrastructure and tools. This can save you time and millions of dollars.
What are the sellers doing? [What are the sellers doing? in Hindi]
Salesforce is a cloud-based CRM software, designed to make organizations more efficient and profitable by reducing the cost of managing hardware infrastructure. Saleforce offers a variety of features in all functional areas of the company:
Salesforce CRM helps you transform it into a better information organization.
Also read: What is operand? In Hindi [What is Operand?]
This is one of the main reasons for increasing the availability of retailers. Sales Rips are best seen on everyone’s accounts, contacts, opportunities, activities from one place. They have a full 360-degree customer experience, which also helps them make better business decisions and close deals faster. It is easy to navigate between modules and you can work with a colleague again.
Management
With a View Dashboard and complete reporting features, Salesforce provides corporate management visibility to various teams.
Application integration
Also read: What is a Passthrough?
Saleforce Business App Store – Salesforce can be integrated with other systems to improve its performance through AppExchange.
Cloud-based PaaS model
Salesforce began launching Cloud-based CRM and established Platform as a market-based service (PaaS) through Fo Force.com to support sophisticated real-world business models. There are no set costs involved in setting up, depending on Saleforce’s paid user licenses.
Report
Vendors can create their own reports to look at the accounts they have been working on, pipeline opportunities, products they have sold, Tasks and completed tasks. Reporting charts and dashboards will help them measure their performance and get important information about graphical formats.
Also read: What is Bomb Zip? In Hindi
Multinator Platform
All Salesforce users share the structure and the same software model. This allows for automatic and simultaneous updates for all users on the platform while keeping their data safe. This means you get the latest and greatest features three times a year with Automatic, Smooth upgrade.
Customer Success Forum
Saleforce allows you to effectively integrate the various essential functions of your business to achieve customer success. You can sell, service, market, collaborate and create apps for your customers on one platform.