For many generations we have believed what we own (i.e. items on which we are allowed to put our names) are our assets, and monies that we owe are our liabilities. It took Robert Kiyosaki to tell us that assets that put money in our bank are our real assets – equity shares, rental property, [...]
As a part of my personal financial planning seminars, I come across thousands of customers who are looking for advisors. As a part of my training sessions, I come across millions of agents who are looking for customers. However, for me it is not just picking up a telephone number and passing it on. This [...]
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The word financial planning has now received a lot of attention. Thus whether it is a brokerage company or a credit card issuing bank everybody uses this word. It will not be surprising to see cell phone operators calling and offering ‘FP” services on the phone soon
FP is all encompassing and it is [...]
About the Book : – To most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that magical amount why [...]
Mr. Awanish of money mantra asked me how much will an SIP of Rs. 5k a month grow to over a 20 year period..I actually do not know..so that is what I said, but said it differently. He published it in the money mantra magazine..for which an electronic copy is not available…
there are 2 articles [...]
this article appeared somewhere…
Don’t take this risk with insurance
Insurance is a risk cover – don’t risk the nomination part. Most people name their beneficiaries when they buy the policy, and then never give the subject another thought. That could be a mistake. Good consultants recommend that you take the time to review your policies’ beneficiary [...]
Sounds funny but we may have reached a state in our lives that we need coaches for many things. It is not far away that a Wedding Planner will include ‘pre-wedding’ arrangements like doing a medical test for the bridal couple, arrange for a session by a financial planner – on how to manage your [...]
A friend introduced me to the owner of a nice gym in the suburbs of Mumbai. He has a nice ‘civil service’ background but quit all that to start his own gym. While talking to him I came to some fantastic observations which people in financial services could use:
1. Even though he pays a good [...]
Two interesting conversations with two different Independent Financial Advisors was very interesting. It is worth mentioning here!
Normally the word cheated or cheating is assumed to be associated with the client being cheated, but in these cases it was the adviser who was cheated.
When I started my articles for doing my Chartered Accountancy in Sharp & [...]
Many clients, students and friends call back saying “This xyz person offerred me 36% returns on life insurance policies” is it possible?
My answer has been “The fact that you are asking me shows you do not believe it”. After all you do not call me every day for every thing, do you? – is my [...]