“A Rupee Saved Is a Rupee Earned” goes the old saying but it should also add “A Rupee Invested Makes the Rupee Grow”. We should always remember that  “Any investment is better than no Investment” but it has to be an educated investment.

Every individual’s passion is to grow in their career, which can be in terms of position or in terms of higher earning potential. This gives the individual a feeling of achievement in life, buying power and provides financial security. The thought is good, but how does one go about achieving it?

The literacy rate regarding personal finances is 70-80% in developed countries while in India it is about 5-7%. Let’s look at a typical individuals approach toward personal finance. Majority of the individuals in India put their money to work based on different situations such as

We know that it is our hard earned money but we do not mind listening or using the above methods in making our financial decisions. This applies to many aspects of personal finance such as Credit Cards, Personal Loans, Home Loans, Insurance, Investment, Tax Planning etc. Majority of the people, in many situations, do not even know what they are buying and how it will really help them to have a good financial future. Lot of people do not even know how to track their investment growth and will be in an illusion of hypothetical growth.

There are many financial products and many companies to offer them. The offerings are going to get worse and will create more confusion for retail investors to choose the right product. To add to this, we have so-called “Advisors” from various companies who chase us every day to hit their sales targets. They are the last people on earth who are worried about our interests.

There is complete ambiguity in individuals when it comes to “Personal Finance” aspects. This gives an opportunity to get lured into purchasing different products offered by financial institutions. There are many situations in which customers do not even know what they have purchased over the years and there is a complete mess in the financial allocation. Many of them do not have a plan but would like to become overnight millionaires and fall into the trap of aggressive sales persons.

The chaos needs to be resolved and people need to be provided with right choices. There needs to be an educated process, transparency, professionalism and a customer-centric approach. Statistics show that if 1% of Indian population participates in financial markets, it would generate $8b inflow. The only way this is going to happen is by educating the customer, removing the confusion and creating clarity.

So how does one protect their hard earned money and make it grow?

In today’s complex financial environment, investor’s unique needs are derived from their risk appetite and financial goals.  But regardless of this, every investor seeks to maximize their returns on investments without capital erosion.  In this ever growing number of companies, sales people and number of offerings, it becomes really difficult for an individual in choosing the right product.

Most families and individuals plan to invest their hard earned money in different products with different objectives in mind. In any investment, people benefit much more if they make an educated choice in their investments. Last Mile provides customized solutions for families and professionals so that they can have sound financial plans and management methods. 

Majority of individuals do not understand that planning an investment is only one stage of the process, but managing the investment is much more important. Last Mile provides services throughout the whole financial process. Last Mile also provides complete transparency throughout the whole process and makes sure that the individual is involved.

Last Mile provides financial coaching in Personal Finance whether you are an individual or family or a company. All our services are flexible as each customer’s needs are different from the other.

We use a systematic approach in preparing your financial plan, personal finance, asset allocation models or portfolio analysis. We do thorough analysis of all protection and investment instruments available from all financial institutions. We do not push any specific product to our customers but our analysis, along with our customer’s agreement, will drive a correct product while choosing from different products. Our vision is to provide “Unbiased solutions in a biased world”.