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 […]
Hi kids of the graduating batch of 2013! There are certain things that I ‘forgot’ to tell you in 2011. It is also called ‘suppresso veri’ – well it is a legal language to mean ‘hiding of the truth’ but my job did not allow me to tell you the following. The following is also […]
Many kids in their 20s are serious about their career. Sadly many, many more are not. The reasons for this are not far to seek. Many of them have been told that it is all right to keep wondering what to do in your 20s. Not true at all. I know of one boy who […]
There are no hard and fast rules in the world. None. Sachin Tendulkar did not copy Vivian Richards. Nor did he copy Don Bradman. So there are no ‘success rules’ that work for everybody. Start early – is a good rule, but Kentucky Fried Chicken was started by a man in his 60s, right? what […]
Many young people I know have got into their MBA schools and should be joining soon…so here is a note addressed to them… Hi Children! Congrats on getting into your MBA school. I am not making a distinction between a full time MBA, an executive MBA, a 2 year course or a 1 year course. […]
I have been asked this question a million times, and I have said NO a million times. However, like all personal finance (and especially life insurance) topics there is no straight forward answer. So let me start by saying NO. If your children are young, and dependent on YOUR income they do not need any […]
So here is what is the consensus / vast majority view on the contents of the Wealth Book for the youth. By definition of youth I mean the real young earners (but not those looking for student loans), setting up a family, and the early retirement thinkers. Thanks for all the emails, phone calls, […]