Archive for the 'Personal Finance' Category

Budgeting for the Defence Personnel! Part 1 of 2

Personal budgeting is a crucial part of any persons financial preparedness. For a defense person, it is a part of your military readiness and peace of mind, for both single service members and military families. Budgeting and planning ¬†your income and expenses with your spouse prior to your deployment will keep you both at ease. […]

What IFA must learn….only from experience…part 2

A few days ago I did a post saying what IFA cannot be taught…and they must learn…here are a few more… Remember that your clients are your own portfolio, AND YOU HAVE CHOSEN THEM. You should select them carefully and keep them till both of you have a mutual need to fulfill. If a client […]

Investing mistakes by defense persons

The mistakes that I have seen investors make are in other parts of this blog…this one is specifically for people in the army. Includes mistakes by retired army personnel. (please note I use military, defense, etc. interchangeably… Opening an account in every place where they are posted. It is not uncommon to see defense persons […]

Financial challenges for defense personnel

I have not had much interaction (ok, not enough) with people in the armed forces, but here is a list of problems that many of them have spoken about..let me list them: Forces people are not money concerned: It is one thing being money minded and a completely different thing to mind your own money. […]

The Military Spouse!

You have completed 10 years in the armed forces and you are looking for a bride, great. Now all of us looking for a bride have known that we should look for a compatiable bride, but for army folks it is far, far more significant. Wonder why? Simply because as a defence person you are […]

War and Personal Finance…part 1

‘Be Prepared’ is a scout motto and defense personnel are commonly asked to go and ‘Take Charge’. Both these phrases can be used for personal finance too. Any financial planner will ask you to ‘be prepared’. When I meet an army person with regard to his finances the first thing that I feel like telling […]

Important tips for IFAs and RMs

This is a sheer experience call – not an intelligence call, just an observation call. Read it, agree with it, disagree with it, like it, lump it…but please comment here, on the blog, so that it remains here even after a few years. 1. Be Modest about your calls: Occasionally when you get a right […]