LIABILITY PLANNING

Liability Planning is all about advertising a holistic approach that balances assets and liabilities to ensure overall financial health and stability. A holistic approach of liability planning involves considering all the aspects of an individual’s financial situation including assets, income, expenses and debts.

Liability simply refers to the financial responsibilities owed to lenders, creditors or institutions. While assets symbolise financial growth, liabilities represent the other side of the equation. Despite their significance, they are frequently neglected in the race to build wealth; thereby leaving a gap in money financial strategies.

Importance of Planning your Liability includes minimising financial vulnerabilities, boosting creditworthiness and also achieving financial harmony.