I am not saying doing these steps will make you rich. However, if you do not do these things you will NOT get rich. The title should actually be “Necessary, but not sufficient things to do to get rich”. Let us call this ‘business lessons as applied to personal life” Only a PSU or a […]
You are 55 and earning Rs. 1.4 crores CTC. All this has gone to your lifestyle. Nice big house, 2 cars, expensive servants, foreign trips for the family. In short, Majja ni life. You meet a financial planner who is stunned to see that you have a net worth not very far from your CTC. […]
Most people – including 34 year old bloggers underestimate the amount of money needed for retirement. This is also because they may not have seen anybody struggling with their finances in their 80s or even 70s. Lets look at some of them: Housing: In case you are living in a cold climate like Delhi, you […]
“I am 44 years of age, my wife is 40 years of age..and we have only Rs. 30,00,000 for retirement and we realize that we need much much more for retirement, have you written anything for a late starter like me?” This is not an isolated case, there are many people who are hit suddenly […]
http://www.subramoney.com/2017/01/how-much-risk-to-take-in-a-retirement-portfolio-part-1/ Those people who want less volatility in their retirement portfolio should of course invest in less volatile assets. The examples for this are of course bank fixed deposits, endowment policies, PPF, and other government schemes. There is only one hassle – as these savings products will yield close to zero or a slight negative […]
The APY was launched by Honourable Prime Minister of India on 09th May, 2015 and became operational from 1st June, 2015. APY is available for all citizens of India in the age group of 18-40 years. Under the APY, the subscribers would receive a minimum guaranteed pension of Rs. 1000 to Rs. 5000 per month […]