We all tend to believe that what we earn and how we invest is “enough” for our children and for our retirement. But often, that’s not the whole truth. This was precisely the case for Swapnil Kedar, an IT engineer from Hinjewadi, Pune, who has since become a testament to a successful financial journey, largely thanks to the unbiased advice from NS Wealth.
The Early Days: Traditional Investments and Financial Illiteracy
Five years ago, Swapnil’s investments were largely traditional – think LIC and post office schemes. He openly admits that he felt “financially illiterate” during that period. His journey with NS Wealth began through a relative, Dr. Tejas Jadhav, who was already a client and insisted he join.
A Shift Towards Financial Literacy: Breaking Old Beliefs
After joining NS Wealth, Swapnil quickly realized the gaps in his previous financial planning. He candidly shares, “There’s no account of where the money from the last ten years went. A significant shift occurred when his belief that traditional life insurance policies were the only source of good returns was shattered. He was introduced to modern strategies like SIPs (Systematic Investment Plans) and mutual funds, realizing they could offer significantly better returns than his previous conventional methods.
The Power of Disciplined Budgeting and Emergency Funds
A pivotal change in Swapnil’s financial habits was adopting disciplined budgeting and self-discipline. NS Wealth guided him on how to include even the most minute details, from laundry to electricity bills, into his budget. This newfound discipline brought clarity, allowing him to understand his potential for investment and lifestyle choices.
Crucially, the concept of an “Emergency Fund” was entirely new to him, and he found it very convincing. He witnessed firsthand during the COVID-19 pandemic how many lost their jobs and were forced to stop mutual funds or break policies, incurring losses prematurely. Now, he understands the vital importance of an emergency fund, term insurance, accident insurance, and health insurance for unforeseen circumstances.
NS Wealth’a Unbiased Approach: A Game Changer
One of the key reasons Swapnil chose NS Wealth was their “unbiased approach. He recounts a significant incident during the COVID-19 pandemic when markets were down. NS Wealth advised him to move his investments to his loan account, where he was getting better returns, about “6-7%”. This incident deeply impressed him, proving that the advice wasn’t biased towards specific products but genuinely focused on his best interests.
Another impactful instance was when NS Wealth compared its traditional LIC plan with a term insurance plan. They showed him how he could get similar or even better coverage for almost half the premium by switching to a more suitable plan. This unbiased guidance underscored the value of professional financial planning.
A Message for the Younger Generation: Start Early!
Swapnil has a clear message for young professionals: When you start earning, you should approach a financial advisor. He himself approached an advisor ten years into his earning journey and realized the immense lost opportunity. He believes that if he had started with financial planning from day one, his portfolio would be significantly larger, and he would have achieved his goals much earlier. While the fees might seem substantial initially, over time, you will understand why you needed them.
The Peace of Mind and Confidence of Financial Freedom
Today, Swapnil feels “pretty much confident” about his financial planning. Where there was once a lack of clarity, achieving his goals now feels possible. He credits NS Wealth for bringing immense peace of mind into his life. He feels secure, knowing his portfolio and goals are understood, and his family’s financial future is well-managed. On a scale of one to ten, his confidence in his ecic life has jumped to a six plus.
Swapnil Kedar’s journey is a powerful reminder that financial planning isn’t just about numbers; It’s about securing your dreams and future. With unbiased and expert guidance for your Financial Health Check-up, anyone can transform their financial habits and achieve peace of mind.
