I am sure most of us would have seen the movie “Delhi6”, a dialogue in the movie stays that “Hindustani bahut jasbadi hoten hain”(Indians’ are very emotional people), why not ,we are Emotional people as this is the only country in the world where one hand feeds many mouths. From ages our forefathers have asked […]
Educate your Spouse and Children about your Financial Life!
Typical Scenario Imagine someone like you, who have a job or engaged in business to support your family. Now think for a minute about the following questions: •Who has all the information and knowledge related to your financial life? •Where are your insurance policies and health cards kept? •Who knows about the FDs and other […]
How to Manage Windfall Gains!
Lot of unexpected money comes in our life at times. It can be in the form of performance Bonus from your company, or loan money repayment received from an old friend who didn’t give back to you and you also forgot about it. Another example can be the money you get from huge tax refunds, […]
Don’t buy Life Insurance, Buy adequate Cover!
‘Tax Savings’ always propel most investors to take arbitrary life insurance products. Most of us have taken several life insurance policies without understanding their complete utility. As per my understanding and experience with so many investors over the years, the top reason for taking policies is just for ‘Tax saving’. For most people, saving tax […]
Are you victim of procrastination?
Most of the people don’t find the time for their personal finance. Surprisingly, I have seen those people who are worked in our Finance and Accounts department; even they are not serious about it as they believe they don’t have time, it is real for them. They have plenty of valid reasons to prove that […]
Trust your Financial Planner as you do your doctor!
Trust is important while you approach a planner.Imagine a scenario… You go to doctor; who examines you and comes up with a diagnosis of what the ailment is and what medicines you need and for how long. Would you turnaround and tell the doctor that the ailment actually is something else, the medicines suggested […]
How to Get-Set Returns for your Financial Goals?
Ajay starts investing Rs. 5,000 per month towards his child’s education. He has been advised that if he makes 10% year on year, in 20 years he will reach the target of approximately Rs. 50 lakh. Now suppose in a particular year, his mutual fund gives a 21% return, but Ajay’s friend mutual fund gives […]
Term Insurance-True protection for your loved ones!
What is Term or Pure Insurance? Term or Pure insurance is the purest form of life insurance. You pay only for protection in term insurance and there is no investment component in it. So you pay the premium each year and your family is covered in the event of your death. That is to say, […]