Personal financial planning is the development and implementation of a comprehensive plan to help a person achieve financial goals. The idea is to focus on these goals as the starting point in a financial planning process. In the planning process, an individual’s financial affairs (i.e., investments, savings borrowings, insurance, retirement plans, estate plan, charity, and […]
When I conduct financial seminars – business and personal finance, many people think the fees is too high. My only take is if you think financial education is expensive at 20k for a session, please analyze the cost of financial ignorance! That is really high. Financial education is about being more careful. Financial ignorance can […]
First Make a budget! Budget, is normally a word which has negative connotations! If you see saving and investing as “consumption foregone today for consuming at a later date” you might see it in a different light. One of the challenges with proper budgeting is that it has to become habitual to be effective. You […]
Uma Kannan is a good friend and an ex- blue blooded MNC banker. She calls herself a housewife, and is a great parent. Here she is taking potshots at her own ilk. She says when she was with the bank, she was a “rogue deal seeker” but she felt good in calling herself a relationship […]
Ask anyone about his financial goals and you will probably encounter a blank face and hear the wheels cranking noisily in his head. Most people have never given financial goal-setting a thought. Forget specifying actionable goals, they have not even seriously considered what things they desire. They may fantasize vaguely that a family vacation in […]
Planning for a secure financial future is a must! It can be done, and is not easy. Maybe you`re saving to buy your first home. Perhaps starting your own business is a dream. The costs of a college education have spiraled and you may wonder how you will pay for your child`s education. You will […]
The effect of Damodaran removing loads on mutual fund has been good for Life Insurance companies if the first cut or reaction is to be believed! Many planners who were avowedly against Unit Linked products are now recommending UL products whole heartedly – well almost! What the future holds one knows not, but watch this […]