3 Steps to Financial Freedom: An Experienced Financial Adviser's Wisdom

By Aadil Kadri

From humble beginnings as an average academic and struggling salesman, this Indian professional financial advisor has clawed his way to the top of his profession.
Aadil is a qualified and result oriented CERTIFIED FINANCIAL PLANNERCM besides being a Qualifying and Life member of the Million Dollar Round Table (MDRT). He is a member of Toastmasters International and is also associated with Speakers Bureau of Dubai.
He conducts regular seminars on the Importance of Financial Planning. His views on insurance and financial services in the UAE have been much sought after and published in newspapers. He was once broadcasted on radio talk show in UAE. His articles have been featured in various journals and magazines.
A dynamic individual, he believes in leading from the front and is passionate about spreading financial awareness and the need for proper financial planning. He has been advising clients on a range of financial services for over 20 years. He has strong business acumen in advising individual and corporate clients on securing their financial future based on their personal and professional goals. He motivates audiences worldwide to live a debt-free life, manage money in the most practical manner through presentations to businesses, organizations and entrepreneurs.
His vision is to help his clients achieve financial freedom and his mission is to secure your tomorrow today.
Financial freedom is what everyone is aiming for and looking forward to achieve. This book helps you to achieve it in 3 simple steps.
1. Debt management: how to eliminate debt and live a debt-free life
2. Money management: key techniques to develop a saving/investing mindset
3. Financial planning: a step-by-step approach to create a personal financial plan.

• Language: English
• Publisher: Partridge Publishing India
• Release date: Nov 16, 2016
• ISBN: 9781482886900

Aadil Kadri

Aadil is a certified financial planner (CFP) and qualifying life member of Million Dollar Round Table (MDRT). He has twenty years of experience in the financial-planning industry. Aadil conducts regular seminars and is featured in leading magazines, newspapers, and radio shows, speaking on the importance of financial planning.

Book preview

3 STEPS TO

FINANCIAL

FREEDOM

AN EXPERIENCED FINANCIAL

ADVISER’S WISDOM

AADIL KADRI

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Copyright © 2016 by Aadil Kadri.

ISBN:   Softcover      978-1-4828-8691-7

   eBook         978-1-4828-8690-0

All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the author except in the case of brief quotations embodied in critical articles and reviews.

Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

www.partridgepublishing.com/india

TABLE OF CONTENTS

Preface

Acknowledgements

Introduction

What Is Financial Freedom?

Step 1: Debt Management

1.0 Overview Of Debt Management

1.1 Basics Of Debt

1.2 Why Does An Individual Get Into Debt?

1.3 Ways To Get Into Debt

1.4 Issues While In Debt

1.5 Debt Management Tips

1.6 How Does A Credit Card Work?

1.7 Action Plan

Step 2: Money Management

2.0 Overview Of Money Management

2.1 Basics Of Money

2.2 Concept And Ideas To Save Money

2.3 Power Of Compounding

2.4 Cost Of Delay Or Procrastination

2.5 Time Value Of Money And Inflation

2.6 Dollar Cost Averaging

2.7 Action Plan

Step 3: Financial Planning

3.0 Overview Of Financial Planning

3.1 Basics Of Financial Planning

3.2 Different Life Stages Of Financial Planning

3.3 The Pyramid Of Life

3.4 Objectives Of Financial Planning

3.5 Retirement Planning

3.6 Health Insurance Planning

3.7 Life Insurance Planning

3.8 Event Planning

3.9 Record Keeping Or Will

3.10 Action Plan

Summary

PREFACE

T imes have drastically changed.

Due to technological change, we might have come closer to one another by way of social networking. However, in reality, we have gone far away from one another. Joint family has become an antique term. There is no family bonding among siblings, and everyone is busy, stressed, and in their own world in this life.

This cultural shock of life has compelled and forced an individual to take care of oneself and not to be dependent on anyone but oneself.

The three most important things which everyone needs to take care of in this life are physical health, social health, and financial health.

Although physical health is the most important of all, the other two are also equally important.

Think of a situation in life where you are financially well off and have a good social life but you are not favoured with good health, will you be able to enjoy your life? I presume no.

Think of a situation in life where you are financially well off and health is also great but you have no social life, no friends or relatives to socialize with you. Will you enjoy your life? I presume no.

Think of a situation in life where you are physically fit and healthy and have a good social life also but financially you are not well off. In terms of fulfilling the basic needs of life, will you enjoy your life? I presume no.

You will only enjoy your life if a balance of all three physical, social, and financial health is maintained.

This book only talks about financial health, which is nothing but money. Over a period of my twenty years in the industry of financial planning and meeting a number of individuals, I come to the conclusion that although money is not everything, it helps us to buy everything we need for our basic requirements or needs. Money is the only paper which does not lose its value even if we crumple it or tear it into pieces. Money is the only paper which has not seen a dustbin.

Money is power(ful).

Putting it simply in acrostic poem style, money is POWERFUL because it pays out for water, electricity, rent, food, and other useful investments (needs) in life.

In everyone’s working life, earning money may or may not be easy, but spending money is very easy. However, saving/investing money is challenging. After reading this book, you will be accepting the challenge of saving/investing to