What are the Steps in Personal Financial Planning?


Financial planning involves the strategic structuring of monies to secure future financial prosperity.

  1. Firstly, one should seek a financial specialist to consult with. This person would be qualified and best able to offer advice tailored to suit a person’s specific financial circumstances.
  2. Secondly, in order to provide such advice, the financial specialist would interrogate the person about their current financial status, incomes, liabilities, assets and the person’s aims, both short and long term. This information would be gathered using both qualitative and quantitative surveying methodologies.
  3. The next step requires the financial specialist to sort, analyze and assimilate the information that was gathered. Thus, the negative aspects about the person’s current financial situation can be identified. This enables the specialist to design fixes for any flaws, with the aim of helping the person’s short and long term financial aims be satisfied.
  4. Following this, the financial specialist would then put their recommendations, proposals and plans in writing. This can now be reviewed and discussed with the person concerned who would indicate whether they feel comfortable in their ability to commit to, and execute the proposed plan or recommendation.
  5. The key juncture at this point would be to actually implement the proposed plan or recommendation. The financial specialist would help to synchronize and coordinate the execution of the plan with other relevant individuals like stockbrokers or lawyers.
  6. Finally, with the plan or recommendation put into motion, the financial specialist and the customer would now intermittently review and monitor the effects to see whether the aims of the customer are being achieved. The financial specialist may make further adjustments or recommendations to adapt to any drastic changes in the economy, which may hinder the financial plan.


Planning your finances every day

$5 a day goes a long way when saving for your personal finances.


The following document is to be a sample of steps that one should take when planning one’s personal finances. Every financial planner will offer services and steps that are not included here.  Planning your financial future it is of the utmost importance and we hope these steps help you achieve your long term goals.

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Robert Vohra Launches New Website

Law as a career is saturated making it difficult to pick the right lawyer.

However, amongst the thousands of lawyers and law firms, Robert Vohra has a proven track record of over twenty years- illustrating his immaculate abilities and specialties in tax and corporate law.

With this new website, Robert Vohra is offering his unique wealth planning services on a wider scale so that all may benefit from his expertise.

Following an illustrious education, which included:

a) Bachelor of Arts degree in Political Science & International Economic

Relations from Columbia University, New York; and

b) Juris Doctorate (J.D.) and Master of Law (LL.M) (Taxation) from

Georgetown University Law Center, Washington, D.C,

Robert Vohra excelled at various law firms in California, New York and Washington D.C, where he incredibly secured partnership at two of these firms. He is well regarded within both the corporate and legal circles, which is testament to his prowess of navigating and managing corporate and taxation cases and portfolios.

Notable highlights from his legal career includes the successful challenge of the constitutionality of New York’s franchise tax under the foreign law commerce clause, so as to render his corporate client the benefactor in a NASD de-listing court order.

Additionally, Robert Vohra has shown an aptitude for inventing novel arguments, as he did when he won massive settlements in collection actions filed by corporate entities.

Robert Vohra’s Wealth Planning Services

Robert Vohra holds a Bachelor of Arts degree in the field of International Economic Relations and Political Science from the Columbia University, New York. He is also graduated with a degree of Master of Law (LL.M) (Taxation) and Juris Doctorate (J.D.) from Georgetown University Law Center, Washington, D.C. During his time at Georgetown University Law Center, he served as Editor of the Journal named Legal Ethics. Having a broad and great educational career, he is now heading the Sherwood Capital Corporation. He is holding the President position since 2004. This Corporation is one of the leading firms in the industry of the financial services. They offer numerous financial management services such as debt restructuring, loan modification, and other services related to wealth management. Robert Vohra being at a key position, directly looks after routine company operations.

Apart from that, Robert Vohra is holding the MD (Managing Director) seat at Longstreet Worldwide LLC. He is holding this position for the last 4 years. This company deals in the business transactions of high – level and known as one of the top listed energy investment and international real estate firm. Longstreet Worldwide LLC offers the services of consulting and availability of structured finance for high budgeted projects, ranging from $25 million to $750 million.

Robert Vohra also have more than 20 years experience of handling legal issues and has worked at many large legal firms in Washington D.C and California, New York. Robert Vohra was a partner at both, Thiemann, Aitken &Vohra, LLC and Vohra& Associates, PLLC. He was also an associate at Shawn, Mann &Steinfeld (later on became partner too) in Washington, D.C. and also associate at Knapp, Marsh, Jones & Doran. During his time at Vohra and Associates, Robert Vohra dealt with many clients, handling commercial, corporate, general and commerce – related issues. Similarly, at Knapp, Marsh, Jones & Doran, he formed a portfolio of business transactions, that ultimately contributed to his knowledge area of commerce and taxation

Mentioning the notable highlights of Robert Vohra’s career, he was part of the case where the franchise tax New York was challenged successfully and under the clause of foreign commerce. This later on ensured the cancellation of a NASD order of de listing for a foreign company. During his time at Thiemann, Aitken &Vohra, LLC (where he was partner), he represented clients and fought cases on the issues tax and corporate matters. Robert Vohra also Robert successfully got favorable and positive settlements for 2 huge collection actions, which were filed by the company; Atlantic City Casinos.

Robert Vohra is a notable and well known financial expert. During his time at Sherwood Capital Corporation and Longstreet Worldwide LLC, he has made a big name for himself. All these things are also backed by his bright and great educational achievements. His professionalism and commitment is praised by his colleagues as well as by his competitors.

The Importance of Personal Financial Planning – Robert Vohra

The Importance of Personal Financial Planning

Financial planning is crucial because it gives an individual a plan, direction or a map in today’s modern financial world. In other words, financial planning should be specific, attainable, and measurable but also realistic, so that both short term and long term financial aims can be met and satisfied.

Planning your finances

Ways to Personally Plan Your Finances


Planning one’s personal finances are important for the following reasons:

  • Increase in Savings – needless to say, in times of emergencies, having access to liquid assets provides indescribable comfort. Subject to everyone’s particular budget, 20% should be allocated towards savings. This would help both short and long term aims.

  • Increase in Standard of Living – nobody wants to be living at the same conditions as they were 5 or 10 years ago. Savings created, coupled with proper financial planning can contribute towards an increased standard of living in the long term. In terms of economics this means, greater access to a higher standard of goods and services compared to before.

  • Cash – if one is able to secure more disposable cash in hand by eliminating wasteful expenditure and proper budgeting, the excess cash could then be used for immediate on the spot requirements. Alternatively, excess cash can be saved or invested for long term financial goals.

  • Increase in Capital – as noted above, with more cash, an individual can diversify his or her portfolio in terms of simple investments or savings. This increases one’s overall net worth making it easier to access loans and large sums from financial institutions.

  • Increase in Investments – whilst an increase in investments does not necessarily equate to greater financial stability, the key point is that low risk investment or appropriately conducted investments can yield financial benefits. This is best done with excess cash so that in the event of the investment failing, one would not suffer any loss.

  • Family Comfort – linked to standard of living; with proper financial planning an individual can safe guard his or her family. For example, proper insurance policies can provide immense relief, comfort and support in times of need.

  • Comfortable Retirement – this long term goal can only be achieved if there are early and key instruments in place. For example a long term annuity or retirement fund with an insurance company to be accessed at a set maturity date. Having this mandatory contribution plan in place ensures adequate funds for an individual’s retirement.

It is a great idea at some point early in one’s career to seek tailored advice on financial planning from a financial specialist like Robert Vohra. This would ensure the individual knows exactly how to create and manage his or her budget.

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