You hear often ‘The Rich are getting Richer….’ have you wondered why? The main reasons: a. The power of compounding b. Income far, far greater than expenditure c. Understanding the Wealth Virtuous Cycle d. Ability to take risk e. Deep wealth buckets ensuring no asset class is ever reduced to zero In the real world […]
An excellent profession / business to do now is the financial planning business. Of course some people call it a profession too. Why am I saying this? Simply because we are in the very early stages of the profession. It is like being in the banking business in the 1900s, in the mutual fund business […]
Was speaking to a senior person in the life insurance business. Interesting times indeed. Sales are down, and you think ulips are not selling? You gotta be wrong. This company has appointed a big National Distributor to sell their products. Obviously they are selling wrong. Clients signatures are forged, signatures are ‘photoshopped’ on the form, […]
If you do not know who is paying your financial planner, take heart, you are paying a much higher price than you want to. Frankly it does not matter what a person calls himself / herself. If a person says ‘I will spend time with you and make a financial plan, and I will charge […]
Many people may not have heard this. Of course many would have heard this, but may not know what it means…so here it goes! When you earn a certain amount of money – all of that does not come to you. Some of it goes off as profession tax, income tax, insurance, provident fund….etc. […]
7. Confirm tenure is appropriate: “The insurance representative offered me an endowment policy for 30 years…and at age 44…I am wondering how will be able to pay the premium after I retire…what should I do Subra?”. GENUINE READER QUERY…My answer is a separate post….will do it soon. Here it is: Appropriate tenure of a risk […]
Subra, can you please tell me: How much should i do an SIP for? How much insurance do I need? How much do I need for retirement…? Hey, each person needs according to his needs and requirement. Yesterday I told a guy…’Sorry but Rs. 15 crores is NOT sufficient for you to retire on’. This […]