This is for all the kids I know. Some of them are smart, some very smart. However money management is not a part of their curriculum (really sad)…so here are some tips. You can use it or discard it….just my views: 1. Decide only on the big things together: The Rs. 800 T shirt which […]
Clients, friends, readers, and others regularly ask “How much will my investment become in 22 years?” Really, I have no answer…so this is how I have decided to react. Do you want a policy illustration or a knock on the head? Now that I have to show you an illustration, I will. However that […]
Question: I’m a 56-year-old teacher and my husband recently passed away. I own the home in which I live, but do not have a pension or any investments. All my monies are in public provident funds, national savings certificates, and bank deposits. However, I will receive Rs. 20 lakhs from my husband’s life insurance policy. […]
Let us play a game – in school and college we used to call it True or False. Q1. If a person is well educated he will be good at managing money. Ans. FALSE. Completely false. Why do you expect a doctor or an engineer to be suddenly good (or bad) at managing money? No, […]
Many things in life are better achieved slowly if you want the gain to be permanent! Does this remind you of another boring task – the process of losing weight? If so, welcome! Investing and money management is a lot like eating. So is losing debt like dieting? maybe…maybe not. Is getting out of debt […]
Women need to know more about money than men do. However in real life this very important task is usually outsourced to the men in their lives – sometimes with tragic results. Many girls and women I know do not even accept the full responsibility for their financial lives. Immaterial of whether it is a […]
Question: I’m a 56-year-old teacher and my husband recently passed away. I own the home in which I live, but do not have a pension or any investments. All my monies are in public provident funds, national savings certificates, and bank deposits. However, I will receive Rs. 20 lakhs from my husband’s life insurance policy. […]