Archive for the 'Personal Finance' Category

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 […]

Advisers cannot help all clients…

When I interact with IFAs they have this major complaint: “MANY OF MY CLIENTS DO NOT LISTEN TO ME” This is true not just for IFAs but also for other professionals like Chartered Accountants, Lawyers, doctors…How many times have you said (or heard from a fellow professional) “my client makes a mess and then expects […]

What a HR professional should know about finance……part 1

Though it may be anecdotal, there are some HR people who cannot reconcile their own salary from a CTC to take home! Why does this happen? Simply because the CTC is a concept which can include many things, not just the Income tax! For example if in a bank you are entitled to a Rs. […]

Adviser’s fault, but which adviser?

I know a few HNI investors. One thing common to all HNI investors is that they do not like to be classified as a “HNI”. This is good for the adviser too, because no 2 HNIs are alike. Some HNIs are well assured of themselves, satisfied with how their life is going and understand their […]