Not exactly financial vows, but there are certain things that you are much better off talking about financially speaking! A couple may fall in love or have an arranged marriage, but they surely meet before their marriage…so these are things which they should talk about. 1. Spending habits: The chances are that the boy and […]
When 2 people get married……we hope that they are financially compatiable, sometimes they are, sometimes they are not… Here are the details of a couple …and they had an amazing story. I took their permission to share the story with you… He is 42 she is 37 years old. He works for a huge pharmaceutical […]
This is a touchy topic! Should parents give money to adult kids? Let us say for the following: Buying a car Buying a house Higher education Marriage For an expensive vacation (expensive because the kid cannot afford it) I do have strong views on this. Everybody should learn to live within their means. If you […]
Some questions plaguing parents about money have been the following: 1. Should I delay my saving/ investing for retirement BECAUSE I am saving for my children’s education ? 2. Should I dip into my Retirement kitty to pay for my children’s education ? Sadly in the Indian context education is just a broad word I […]
A very good question which some of the more articulate kids ask me. A fair question too. Your father is a very successful professional, your mother is in a senior position with an MNC. Your wife’s parents have a business background and are very successful in a well established business. Should you save 50% of […]
There is not enough literature or education of how to handle your portfolio during your withdrawing phase. This is obvious – there is no money to be made withdrawing from your portfolio. There is a lot of money to be made while you accumulate it, but NIL when you are withdrawing it. Fair enough, right. […]
One financial planner met a client and had the following details: A 38 year old man with a daughter from an earlier marriage (age 11) a son from the present marriage (7 years) a housewife, parents needing support and a mother in law dependent on him. (5 complete dependents, daughter partially dependent – his ex […]