Prosperity, a necessity today
It does not matter how much you earn; what matters is, how much you are worth? Apologies to my readers if this sounds like a line straight from Gordon Gekko’s hall of fame. Take a look around you; who and what do you find? Is there an option to struggling, striving,...
The world for your child
Take a quick check around you; what is the single most important thing for parents? Most would settle at “the best possible future of our child.” This is natural, fair and absolutely reasonable. There is nothing to contest the purity of this emotion save & except...
Invest time in your Topline
Supplementary Income Planning is an important but often ignored area of Financial Planning. For most of us even the thought of such planning does not cross our mind. While it is absolutely warranted that we may be concerned about inflation, investments, asset...
Effect of Inflation
We all work and earn to enjoy the good things in life. A trip abroad, a new car, a well furnished house with modern amenities - we work more harder each day and save more to fulfil these aspirations of life. But if savings don’t grow at a rate higher than the rate at...
Enjoy the good things in life for free
In my tenure as a financial planner, no situation ever seems to repeat itself. For every family there are fresh challenges to address. And every person has his or her own style of planning and a different perspective to managing money. Whether it is effective or not,...
Think yourself rich
If you indeed want to get rich, just daydreaming about it will not make it happen. You must complement your dream with actions; more often than not, these actions are completely in your control. All you have to do is to pursue your goal with rigour and discipline. A...
Analysis, the key to investing money
Several factors need to be kept in mind when you are aiming to generate wealth – not just for yourself, but for your subsequent generations as well – identifying multiple sources of income; understanding your financial expenditure, and having a healthy mind and a...
Be careful while filing your tax return
Filing the annual income tax return is a statutory obligation. Filing it “properly” must be considered as a duty that must be performed. Just because there are so many examples of non-compliance you can refer to does not mean you can be non-compliant too. The fact is...
Why fear and wealth don’t mix
Do you wish to be rich or poor? Are you brave, or afraid of risks? Well, if you think these are silly questions, or cannot answer them outright, think again. It is an open secret that you if want to be rich you must be brave; else be content to stay as you are. If you...
Why the Malhotras are heading towards bankruptcy
Did you think that having ample money is an assurance of a good, prosperous life? Mr. and Mrs. Malhotra family (name changed) live in an upmarket housing society in South Mumbai. Most people would see them to be truly blessed, prosperous and would want to be in their...
Tax Planning
Name: SharwanRotak Place: Haryana 919416210414 Plz Tell two good tax saving fund........ Mutual Funds - ELSS 18 june 2010 Consider any from the below list SBI - Taxgain, Sundaram Tax saver, HDFC Tax saver, Canara – Tax saver, ICICI Tax Plan, Franklin Tax shield,...
Risk Management
919825562764 I have jeevan anand of 1 lac and icici prudential life time super of 2.70 Lac and completed 4 year i had paid 72000 amd my fund value is 82000 what is the future? Risk Management – Traditional Insurance Policies Given that Jeevan Anand is just 1 lac –...
Retirement Planning
Name: R.P.Singh City: Kanpur Age: 61 yrs 21 Sep 2011I am retired. I want to know where I can save money for maximum return Presently Holding - Fixed Deposits of 10.5 Lacs Want to invest 6-7 lacs more (want regular income) Please design a portfolio for me....
NRI Issues
NRI Taxation PlanningFor equity funds: Long term capital gains tax free hence TDS is zero Short term capital gains are taxed at 15% & so the TDS is 15% For non - equity funds: Short term capital gains taxed @ 30% and TDS is 30%. Long term capital gains are taxed...
Goal Planning
Name: SitaramHelaCity: Kolkata Age: 30 years 21 Sep 2011 I want Rs. 10 Lac within 10 years. Where should I invest and how to achieve my target? I also want to know the allocation of my money. Goal Planning – Mutual Fund Invest either 2.75 lacs as a lumpsum or about 4k...
My conversations with money (Part 2)
"Knock, Knock!" "Who’s there?" "Mr Money!" "Wait a minute. I am coming." (Door opens after some time) "Where are you, Mr Money?" "Gone...you took too long!" If you had a conversation with money, would it run like this? Well, it happens to the best of us. With...
My conversations with money (Part 1)
The next time you walk down the street, ignore the sound of traffic and look around -- you will hear money talk. And the sound will be deafening. Yes, wealth has a language too. Spend, invest … loosen your purse strings Look at the billboards, newspapers,...
Well begun is half done
“All within budgets… finally… hence approved!!! Good job done!!!” announces the regional manager. “Let’s now proceed with the recruitment”, says the Sales Manager to the HR Manager. After 3 days and about 20 gruelling man-hours of work, the recruitment plan was...
Your Excuses, Our Solutions
We always do meticulous planning if it is related to our job, or a holiday or simply a party for friends. But we don’t we plan our money… why? There can be lots of answers to this but let’s first consider blasting some common lame excuses; Excuses Solutions...
Two smart money-spinning strategies
Unconventional thinking is THE most powerful weapon in creating everlasting wealth. In other words, to become wealthy it is critical NOT to be satisfied. I am not saying that you must be dissatisfied with your life, so much so that you get stressed. Oh no! Instead, be...