If you are a Senior Citizen, everybody wants a piece of your money, so life is not easy. Having said that even if you are not a SC there are a lot of people who want all your money, what do you do? First of all, we all need a bank account, so it is […]
In the battle between IFAs and Banks, it is the banks who win hands down most of the time. Why does this happen? Some of my observations: 1. Clients love activity, and banks can provide that: Most clients like to do something on a regular basis – but may not be too keen to do […]
Is your investing similar to your eating? Let us see. If I were to call in a team of about 40 people into a class room and ask them a few questions…let us see what kind of answers we are likely to get. Then later on we will see why. 1. What kind of food […]
Thanks to Rich Dad Poor Dad (then bankrupt Dad too!) many people know what are assets and what are liabilities…I am making ONE more distinction…. Assets: are those assets which increase your REAL NETWORTH (NW) Assets: that increase your nominal NETWORTH Assets: that are essential for your living and usage Assets (liabilities!): that are not […]
If you do not know who is paying your financial planner, take heart, you are paying a much higher price than you want to. Frankly it does not matter what a person calls himself / herself. If a person says ‘I will spend time with you and make a financial plan, and I will charge […]
The IRDA has come out with a new law which says the life insurance sales guys should ask a lot of questions BEFORE a customer fills up or BUYS a life insurance policy. For some of us in the life insurance business it was quite obvious that these questions should be asked. I must say […]
My wife unfortunately leaves a lot of money in her savings bank account…so she gets her RM calling her with the usual…’can I do something …’ type of calls. She has been irritated, bored, (scared too) to talk to her RM. So she did a smart thing – she went online and changed her telephone […]