I was talking about frugality to a guy whose knowledge of English does not include this word. Here he was all 29 years of age, not a penny saved, married to a woman who was spending most of her income. Earnings of this couple was in the region of Rs. 20 lakhs per annum and […]
Will you inherit anything at all……..and how much you inherit is a question that you need to answer for yourself! The longer a parent lives, will the corpus be higher or lower? Well this is a trick question actually. If you are living in your father’s house which is appreciating (like people say real […]
I have been speaking to people who are about to retire or recently retired…and this is a kind of trend that I am seeing: a. They have NO clue about how much they will require for a comfortable life ahead. b. For many of them they say TAX is a big worry. c. Not enough […]
This is a zillionth time I am saying this. Let me repeat it. Again and Again. If you have a family dependent on you – parents, wife, children, in-laws, ……..please remember YOU are not invincible. You could die. Sorry I refuse to mince words like a typical life insurance agent. He says ..”in case something […]
From the age of 50 or thereabouts you need to be planning for retirement. Typically you may be planning to retire at 52-65 depending on many factors of your life..here are a few things you need to take care of: a. Communicate with your spouse: If you think you will retire at 55 and your […]
When I say parents put kids in EMI traps, I mean the guys (like me) born in the 1950s, 60s whose children have started earning….and sadly turn to their parents for advise. Well it happens like this… A guy born in the late ’70s or early ’80s starts earning. He first goes and buys […]
Most parents I know support their children through college. Fair enough. Then they pay for the ‘higher education’ – this means an MBA. Not fair, but very unIndian to say ‘go get a loan’. So it is all right. Then they support them in the ‘early’ part of their lives with a car, a down […]