20: Invest in assets you can use

Having a financial plan is not just about maintaining your lifestyle and having enough savings. It’s more about investing in the assets that can service your goals across various timelines. Sathya Rao, a Chennai-based lawyer, learnt the value of having a plan when she suddenly needed a large amount of money but realized that all her savings were locked into real estate and insurance plans, assets that are difficult to liquidate immediately, unless you are ready to bear losses. Listen to her story to know how she overcame the odds.