BANGALORE: New Year is a time for renewal and new beginnings, though you may be uncertain about the targets and achievements. It is also understood that one cannot get rich without taking risks. Risks and rewards go hand in hand and the higher the risk you take, higher the returns you will get. Here are ways to make you rich and to keep you on track to meet your goals as compiled by Rediff.com

New Year Resolution # 1: Finance planning with a fresh perspective

Many people do not understand the significance of financial planning. In today's uncertain economy, financial planning is very important. With an irresistible number of options for saving and investing, managing your finances can be difficult. When you have a financial plan, it's easier to make financial decisions and stay on track to meet your goals. A little advance planning can make all of the difference in your lifestyle like, where you want to live, investing for education, , how much income you will need or saving for marriage. That’s why it is essential to plan to ensure you are prepared.

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