Anamika's journey of meeting her financial goals and achieving Financial Wellness

Editors Note 

We at TrueX Wealth believe financial wellness is crucial for all individuals on their path to financial success. Financial wellness is ‘feeling in control of your finances - both present and future’.

The goal of this newsletter is to make readers aware of the financial queries and struggles that people face with their finances and how prudent financial planning can bring in comfort and peace of mind.

We hope this newsletter helps you with your finances. Please do reach out to us for any help.

Best,  

TrueX Team

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Today, we are taking you through a story of Anamika’s Financial Journey. Anamika is 26 years old and wants to own a house and take care of her parents.

Anamika’s Current Financial Position and Aspiration-

TrueX Assessment:

• Anamika’s saving ratio is excellent ~40%

• Parents are dependent and ageing towards 60. Health and Financial coverage is a must.

• She needs to start with tax saving investments to get dual benefit of wealth creation and tax savings. New vs Old comparison is required.

• Anamika needs a balanced portfolio of Mutual Fund Investments to fulfil her goal in 5 years.

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TrueX Recommendations

• Anamika should move to old regime and start NPS and ELSS.

• Right insurance policy for both health and term needs to selected and purchased.

• Mutual Funds investments to be started to meet the goal outlined.

• Quarterly check-in to monitor progress and align.

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Would you like to start your financial wellness journey? Check out TrueXWealth or take the financial wellness Assessment & schedule a meeting with us 

P.S. All the financial and personal details are used for representative and information purposes.