Living Happily ever after…

  It’s a bit long but can assure you you will love it… Take time to read Interesting speech on how to go about after retirement leading a purposeful life.The speaker himself is a standing example.. ( Speech by P.P.Ramachandran) I hope I am not infringing on any copyright…….I got this speech from a friend, […]

Children’s attitude towards money!

Our children’s attitude towards money is largely fashioned by our attitude towards money. So if you and your wife fight about money, or argue about money or hide things from each other, rest assured your prince or princess is watching you. One needs to be very clear in the communication with the kids. Keeping an […]

Talking to children about money responsibilities…..

  I meet all kinds of kids – and it is worth seeing their attitude towards money and their parents. Of course their attitude is a function of what they have seen – and they have seen you. So if you are irresponsible, hey they too will be. Some kids think that their parents owe […]

Who should pay for higher education?

Who should pay for the higher education of our children? Ideally somebody else. Like a scholarship. My niece is on her way to Harvard – and is being partly funded by a scholarship which is meeting about 50% of her TOTAL COSTS – and completely covers her tution fee. However not everybody gets admission and […]

Inheritance: how do I deal with it?

  Today there are people who live up to the age of 95 as well as those who die at 59. Some of them have very smartly multiplied their money and some live on a hand to mouth basis. Depending on what your parents have done, and what you have done with your own life, […]

What type of an investor are you?

First of all let me make a distinction between a saver and an investor. A saver puts his money in instruments which give fixed or very closed to fixed kind of returns. Examples of this are bank fixed deposits, PPF, National savings certificates, Endowment insurance policies, Retirement plans fully in debt instruments, etc. etc. These […]

How much money do you need to Retire?

In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 37-38 years of age, they have no clue as to how much they need for retirement. […]