90% People Make This Money Mistake – Jaipur Financial Planner Explains

90% People Make This Money Mistake – Jaipur Financial Planner Explains

And it silently eats away their financial future

Let’s talk honestly for a moment.

Most people I meet—educated, hardworking, ambitious—are making the same financial mistake that’s costing them lakhs of rupees every year.

They invest randomly without a plan.

The Shocking Reality

A recent survey by ET Wealth found that 90% of Indians don’t have a written financial plan.

Think about that for a second. Nine out of ten people are putting their hard-earned money into investments without knowing if they’re actually helping them achieve their dreams.

How Most People Invest (Sound Familiar?)

They invest in:

• Mutual funds (because a friend said so)
• Insurance (because an agent said it’s urgent)
• Gold or FDs (because parents always did it)
• Stocks (because they saw it on TV)

But ask them these simple questions:

1. “What is your financial goal?”
2. “Are you on track to retire by 50?”
3. “What’s your asset allocation?”
4. “How much do you need for your child’s education?”

And the silence says it all.

Let Me Be Blunt

“Investing without a plan is like boarding a flight without knowing the destination.”

You might end up somewhere, but probably not where you wanted to go.

A Real Story from Jaipur

Meet Rohit, a 35-year-old IT professional earning ₹12 lakhs annually.

When he came to me, he had:

• 8 different mutual funds
• 3 insurance policies
• Some gold
• An FD his father insisted on

His problem? He had no idea if any of this would help him buy his dream home in 5 years or retire comfortably at 55.

After creating a proper financial plan, we:

• Consolidated his investments into 4 focused funds
• Aligned everything with his actual goals
• Increased his potential returns by 3% annually

Result: He’s now on track to buy his home 2 years earlier than expected.

The Real Difference Isn’t Your Salary

In my years of working with professionals and families in Jaipur and beyond, I’ve seen that the real difference isn’t in how much you earn.

It’s in how intentionally you manage what you have.

Two people with the same ₹10 lakh salary can have completely different financial futures:

• One invests randomly and struggles to build wealth
• The other follows a plan and becomes a crorepati in 15 years

The Truth About Successful Investors

a) You don’t need 10 investments
b) You need the RIGHT ones that align with your goals, risk capacity, and life stage
c) You need a written plan that guides every financial decision

Your 5-Step Action Plan (Start Today!)

Step 1: Write Down Your Goals (10 minutes)

Grab a pen and paper right now. Write down:

• When do you want to retire?
• Do you want to buy a house? When?
• Children’s education costs?
• Emergency fund target?
• Any other dreams that need money?

Be specific with amounts and timelines.

Step 2: Calculate What You Need (5 minutes)

Use this simple formula for each goal:

Monthly SIP needed = Goal Amount ÷ 100 (for goals 15-20 years away)

Example: Need ₹1 crore for retirement? Start a ₹10,000 monthly SIP.

Step 3: Review Your Current Investments (15 minutes)

List everything you currently invest in:

• Mutual funds
• Insurance
• FDs
• PPF
• Stocks

Ask yourself: “Does this help me reach a specific goal?”

Step 4: The 3-Fund Strategy (Start Simple)

If you’re confused about where to invest, start with just 3 funds:

1. Large Cap Fund (40% of investment) – for stability
2. Multi Cap Fund (40% of investment) – for growth
3. International Fund (20% of investment) – for diversification

Step 5: Automate Everything (Set it once, forget it)

Set up automatic investments:

• Direct debit from your salary account
• Same date every month
• Review only once every 6 months

Common Mistakes to Avoid Right Now

Don’t invest because someone else is doing it

Instead: Invest because it fits YOUR plan

Don’t chase last year’s best performer

Instead: Stay consistent with your chosen funds

Don’t panic during market falls

Instead: Remember you’re investing for the long term

Don’t keep adding new investments

Instead: Stick to your plan and review annually

The Power of Having a Plan

Let me show you the difference with real numbers:

Without Plan (Random Investing):

• Invests ₹5,000 monthly in random funds
• Average return: 10% (due to poor choices and timing)
• After 20 years: ₹38 lakhs

With Plan (Strategic Investing):

• Invests ₹5,000 monthly in chosen funds aligned with goals
• Average return: 13% (due to better fund selection and discipline)
• After 20 years: ₹61 lakhs

Difference: ₹23 lakhs!

That’s the cost of not having a plan.

Red Flags: Are You Investing Without a Plan?

Check if any of these sound like you:

• You can’t explain why you chose your current investments
• You have more than 6-7 mutual funds
• You don’t know your expected returns
• You invest whatever is “leftover” each month
• You haven’t reviewed your investments in over a year
• You feel confused about your financial future

If you checked 3 or more boxes, you need a plan urgently.

Your Money Deserves Better

Your hard-earned money deserves to work as hard as you do.

My suggestion? Start with a written financial roadmap today.

Because when your money knows where it’s going, it grows with purpose.

Take Action Right Now

Don’t wait for the “perfect time” or until you “learn more.”

Here’s what you can do in the next 24 hours:

1. Today: Write down your top 3 financial goals
2. Tomorrow: Calculate how much you need to save monthly
3. This week: Review and consolidate your current investments
4. This month: Set up your automated investment plan

The Question That Changes Everything

If you’ve been investing without a plan, it’s not too late to fix that.

Ask yourself: Are you one of the 90% who invests randomly”¦ or the 10% who knows exactly where they’re headed?

The choice you make today will determine your financial future.

Ready to Join the 10%?

Stop investing randomly. Start building wealth intentionally.

Your future self will thank you for the decision you make today.

Want a personalized roadmap for YOUR money goals?

Book your FREE one-on-one consultation with me, Gunjan Kataria from Financial Friend.

No jargon, no pressure, no hidden fees.

Just clarity, direction, and a money strategy built around YOUR life goals.

Why work with Financial Friend?

• Over 500 families helped in Jaipur and beyond
• Simplified approach to complex financial planning
• Goal-based investment strategies
• Regular review and course correction

Ready to take control? Call: +91 9981998013

Email: contact@financialfriend.in

Visit: 710 ,Mall of Jaipur,

Gandhi Path, Vaishali Nagar,

Jaipur – 302021 (Rajasthan)

Financial Friend – Making Wealth Creation Simple and Intentional

P.S. Don’t let another month pass by with random investments. Your dreams deserve a dedicated strategy. Let’s create one together.

Who we are & What we Do ?

FINANCIAL FRIEND

Your Trusted Partner in Financial Planning

Website: www.financialfriend.in
Location: Jaipur, India

About Us

At Financial Friend, we are dedicated to helping individuals and families make informed decisions about their financial future. Our mission is to simplify financial planning and provide customized solutions that lead to financial security and growth. We specialize in creating tailored plans for our clients, ensuring that their goals for wealth management, retirement, and financial independence are met with precision.

Our Products and Services

1. Comprehensive Financial Planning
   A personalized approach to managing your income, expenses, and investments, ensuring a stable financial future.
2. Retirement Planning
   We create smart strategies to build your retirement corpus so that you can enjoy your golden years stress-free.
3. Wealth Management
   Our expertise lies in guiding your investments and managing your portfolio to grow your wealth sustainably.
4. Investment Planning
   We help you navigate through various investment options (mutual funds, stocks, bonds, etc.) to maximize returns while managing risk.
5. Insurance Planning
   Safeguard your family’s future by ensuring adequate life, health, and general insurance coverage tailored to your needs.
6. Tax Planning
   With our expert tax-saving strategies, we help you minimize tax liability and maximize your post-tax returns.
7. Debt Management
   Our debt management strategies are designed to help you clear existing loans efficiently and avoid falling into debt traps.

Unique Selling Points (USPs)

• Personalized Solutions: We believe every client is unique, so we offer tailored financial plans based on your specific needs and life goals.
• Comprehensive Guidance: From investment to retirement and insurance, we provide all-around financial services under one roof.
• Expert Advice with a Human Touch: Combining financial expertise with empathetic advice, we make financial planning simple and understandable.
• Goal-Oriented Approach: Whether it’s your child’s education, buying a home, or retiring comfortably, our approach focuses on your specific financial goals.
• Commitment to Financial Literacy: We empower our clients with the knowledge to make better financial decisions.

Why Choose Financial Friend?

• Client-Centric Philosophy: We put your interests first, offering transparent advice with no hidden fees.
• Long-Term Relationship: We aim to be your financial partner for life, guiding you through every major financial decision.
• Proven Track Record: With years of experience, we’ve helped many individuals and families achieve financial freedom.

Ready to take charge of your financial future?
Contact us at www.financialfriend.in and let’s get started on your journey to financial success.

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