Mrs. Sanmeet Kaur Sahani is the first lady winner at the Kaun Banega Crorepati..(Indian version of Who wants to be a Millionaire)…this is a program conducted by the legendary Amitabh Bachhan and has got the imagination of the Indian middle class. She won Rs. 5 crores (Rs. 50 million) – about US $ 1 [...]
Ok not exactly poor, but you are 30 years old, married to a 28 year old earning well but BROKE. Poor maybe too harsh – but if all you have to show for 6 years of working is say Rs. 10 lakhs in the bank, well you are almost there. Your story? Let me tell [...]
Funny when we started life, there was a lot of time and a lot less money. I am not even getting into whether we were happy or sad. Growing old has one great advantage – you fantasize about the past. You think politicians were honest (that’s true Pramila Dhandavate and Madhu Dhandavate were still alive), [...]
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 [...]
Let us get it right, the real rich do not borrow. Never ever for personal expenses, buying assets or personal INVESTING. Borrowing and investing is a very foolish thing to do for most people. Will a Mukesh Ambani or a Kumar Birla take a personal loan to buy shares? Tough to answer this question? No. [...]
One financial planner met a client and had the following details: A 38 year old man with a daughter from an earlier marriage (age 11) a son from the present marriage (7 years) a housewife, parents needing support and a mother in law dependent on him. (5 complete dependents, daughter partially dependent – his ex [...]