Most of us spend more than half of our lives working and saving because money is important. However most of us spend almost no time planning to make that hard earned money work more effectively for us.

The key to investing is it does not have to be complicated. Here, we have detailed four basic steps in investing that take you through understanding the process of setting goals, choosing investments and managing your entire portfolio.

We at Shatakshifa highlight those useful strategies and resources that not only validate your investment choices but also build a solid and successful portfolio.

Four steps to plan your investments are as follows:

1) Record your income, your investments and your tax liability

2) Evaluate your expenses, your investment goals and your financial needs

3) Assess your recurring & future needs and your assets & liabilities

4) Plan your financial freedom

The right time to create a financial plan is right now. No matter what your income level or what your hopes for the future, you need a solid plan to achieve your goals. Drifting through life without carefully set goals and well-researched methods of achieving them is a recipe for disaster. To enable your money to offer you more of what you want out of life, start creating a financial plan today.