Get 2025 Ready! Take control of your finances with these 7 essential steps to review, plan, and prosper in the new yearAs we approach the end of 2024, it’s time to hit pause and take stock of where you stand financially. Before you dive into the New Year celebrations, here’s a checklist to ensure you’re stepping into 2025 with confidence and clarity.

1. Check All NominationsHave you updated the nominations on your bank accounts, mutual funds, and insurance policies? If not, this is the perfect time to ensure your loved ones are secure and there’s no ambiguity.

2. Create a WillLife is unpredictable. Having a will ensures that your money and assets are handled the way you want, regardless of your age.

3. Review Your 2024 BudgetHow well did you stick to your financial plans this year? Compare your budget to reality and identify areas for improvement. Use these insights to build a solid 2025 plan.

4. Analyze Your LiabilitiesEvaluate all your loans—home, car, personal, and even credit card debts. If you’re carrying high-cost debt, see how you can reduce or eliminate it before stepping into the new year.

5. Plan for 2025Big expenses ahead? Be it higher studies for your child or buying a new property, now’s the time to strategize how you’ll fund these goals without stretching your finances.

6. Rebalance Your PortfolioWith equity markets performing exceptionally well, your asset allocation may have shifted. Take some profits, especially in mid and small caps, and rebalance to align with your goals.

7. Declutter Your Financial LifeClose unused bank accounts, consolidate investments, and simplify your financial processes. Less clutter equals less stress!



📌 Video Chapters:

(00:00) Intro
(00:25) Nominee updation
(01:57) Revisit the 2024 budget and check how it turned out in reality
(02:44) Evaluate your liability (debt, loan, EMls)
(04:03) Plan your major goals/commitments in 2025 financially
(04:45) Asset allocation and rebalancing
(05:46) Evaluate your existing investments and declutter them
(06:37) Track your financial goals
(07:37) 7 things to do before 2025
(07:57) Comment INTERESTED for customised financial plan


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About FINSHERPA:
Finsherpa Investments Pvt Ltd is an AMFI-registered financial advisory firm with 8+ years of experience. Having guided over 600 families toward achieving their financial objectives, we offer expert solutions in Investment Planning, Tax Planning, Financial Planning, and Estate Planning, ensuring personalized attention and customized strategies for each client.


About Channel:
Finsherpa by Babu Krishnamoorthy (Chief Sherpa, Finsherpa Investments Pvt Ltd) is the ULTIMATE personal finance & wealth creation channel for investment enthusiasts.

Offers expert-led guidance on managing finances effectively, making informed investment decisions, and creating long-term wealth. Our topics include financial planning, retirement planning, tax optimization, insurance planning, entrepreneurship, mutual funds, stocks, retirement planning, pension schemes, annuities, tax planning, insurance planning, and more.

Every video is a learning experience, covering basic financial concepts to advanced investment strategies, So, whether you're a seasoned investor or just starting out, Finsherpa is your ultimate resource for achieving financial freedom.



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