Category: Life Stage Planning

LIC Policy
Insurance, Life Insurance, Personal Finance

Why Shouldn’t You Escape From Life Insurance?

Life is uncertain. Death is certain. There are family members dependent on you. Your death can make them vulnerable if they are not financially secure. You have still not achieved the level of savings required for a comfortable lifestyle after retirement. In these circumstances, Life insurance is the only investment that can rescue your family from financial distress. There is a famous quote that aptly … Continue reading Why Shouldn’t You Escape From Life Insurance?

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Asset Allocation
Life Stage Planning, Personal Finance

Do You Know Asset Allocation is the Key to a Successful Financial Planning?

We all know putting all eggs in one basket could be dangerous if the basket goes bust. Similarly, keeping all your savings and investments in one class of assets could be either risky or would not give a reasonable mix of return. There are several classes of assets available for an individual to park their savings.  Some are risky, some are safe, some are reasonably safe, and some … Continue reading Do You Know Asset Allocation is the Key to a Successful Financial Planning?

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Personal Finance
Insurance, Life Stage Planning, Personal Finance

A Short Post on Personal Finance for Quick Understanding

Once I was with my client at a coffee shop in the 5-star hotel. I was asked about my coffee choice. Out of the multiple options , I was not sure what to order so I left it to the client. I thought when we had only two options of coffee i.e. filter coffee, and Nescafe life was easier. With the arrival of Starbucks and … Continue reading A Short Post on Personal Finance for Quick Understanding

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Wealth Quotes
Life Stage Planning, Personal Finance, Wealth Management

24 Wealth Building Expert Quotes You Can Learn From

“The wisdom of the wise, and the experience of ages may be preserved by quotation.” Isaac D’Israeli “Wealth consists not in having great possessions, but in having few wants.” Epictetus “Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” Zig Ziglar, Author & Motivational Speaker. “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual … Continue reading 24 Wealth Building Expert Quotes You Can Learn From

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Early Retirement
Happiness, Life Stage Planning, Personal Finance, Retirement Planning

Why Do You Need To Go To The Work Tomorrow?

Many people like to retire early and many do not like to retire till death.  The single most important condition to retire at 40 is to have a desire to retire at 40. Many people who have enough to survive for a couple of generations are not retiring at 70. They keep working and work for money until their body says no. Some people are so … Continue reading Why Do You Need To Go To The Work Tomorrow?

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Risk Management
Insurance, Personal Finance

High Financial Risks You Need to Know for Your Family

“Failing to plan is planning to fail.” Alan Lakein Yes, failing to plan the risk management puts you and your family at high financial risk. Risk Management is usually not considered a part of Financial Planning. It is a big mistake. Risk Management is not about the risk of investing in risky investments. It is about managing risks of untoward events in the life of any … Continue reading High Financial Risks You Need to Know for Your Family

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Life Insurance on Home Loan
Insurance, Life Stage Planning, Personal Finance

How to Double Your Joy When You Buy A New Home?

Buying their own home is a dream for most of the people on earth.  Out of the three basic necessities Food, Clothing and Shelter (Roti, Kapada Aur Makaan as we knew it), fortunately, two can be bought without a loan. But buying a home without a loan is another dream. With so many home finance companies and banks offering home loans, most of the new homes in India are bought with the help … Continue reading How to Double Your Joy When You Buy A New Home?

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Fixed Deposit
Life Stage Planning, Personal Finance, Retirement Planning

All You Need to Know about Fixed Deposits

Indian stock market like the global stock market is unpredictable. There are hardly any safe investment instruments. Investors who are risk-averse want to invest in risk-free instruments. They believe fixed deposits are the best instrument to invest. Fixed deposits are accepted by various types of entities in India. But are the Fixed deposits really safe? Here I present some of the important facts you need to … Continue reading All You Need to Know about Fixed Deposits

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Why Life Insurance
Health Insurance, Insurance, Life Insurance, Life Stage Planning, Personal Finance

The Important Role of Life Insurance Plays in Your Life

Do you know about the significant role life insurance plays in your life? Yes, it does play a very significant role for your entire family. Life insurance touches every close relationship in your life. Your financial worries whether it is for your children or your parents or even your own, life insurance has the solution to cater to all your worries. “You don’t need to … Continue reading The Important Role of Life Insurance Plays in Your Life

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Review of LIC Policy
Insurance, Life Stage Planning, Personal Finance

Why Should You Periodically Review Your Life Insurance?

 “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” Jimmy Dean You can’t change the life events happening to you but you can change the life insurance appropriate with the life events. The investments in the Life Insurance Policies are not a one-time event. Your need for life insurance cover changes every few years. If you ignore … Continue reading Why Should You Periodically Review Your Life Insurance?

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Personal Financial Planning
Life Stage Planning, Personal Finance

You Need to Know 4 Aspects of Personal Financial Planning

Among all the planning you do Financial Planning is perhaps the most important but mostly ignored planning exercise. Financial Planning requires you to consider planning about your life. It entails considering budgeting, savings, investments, taxes, insurance, retirements, and important life stage planning like children education, marriages, etc. It is an exhaustive process. But it is also an interesting process. It makes you think through the … Continue reading You Need to Know 4 Aspects of Personal Financial Planning

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Insurance Policy
Insurance, Life Insurance, Personal Finance

21 Reasons Why People Buy Life Insurance

There are 100 reasons why you should exercise. There are 50 reasons you should save money.  How many reasons are there to invest in a life insurance policy? “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” Woody Allen: People have many reasons for what they do. Everyone has their own reason for their own action. … Continue reading 21 Reasons Why People Buy Life Insurance

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Indian Entrepreneurs
Business Finance, Life Stage Planning, Personal Finance

4 Reasons Why Entrepreneurs Need to Save

Story: Recently I saw a balance sheet of an entrepreneur whose business is doing a turnover of about US $ 15 mn and good profit. However, his personal Balance Sheet did not reflect any substantial investment other than his house. The loan of another entrepreneur known to me become NPA. He was making a reasonable profit for many years. However, he did not have any investments outside his business … Continue reading 4 Reasons Why Entrepreneurs Need to Save

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Life Insurance Policy Nomination
Insurance, Life Insurance

Everything You Need to know about Nomination of Your Life Insurance Policy

Do you know who is the nominees of your life insurance policies? Do you know the nominee of the properties you own? Appointing a nominee for all your assets is important. A property or investments without a nominee can entangle your near and dear ones in a legal battle. Therefore, the act of nomination is your very important responsibility. Read on to know more about … Continue reading Everything You Need to know about Nomination of Your Life Insurance Policy

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Life stage financial planning
Investments, Life Stage Planning, Personal Finance, Retirement Planning

Why you need to know Lifestage Investment Strategies

When you are young you can eat whatever and get away with it. But as you age you realise the response of your body to what you eat.  You reduce your food quantity, you cut down fried items, you avoid spicy food, and you refrain from heavy to digest food. When you become old you further cut down many foods. As you age your priorities … Continue reading Why you need to know Lifestage Investment Strategies

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Why Life Insurance
Insurance, Life Insurance

Basics of Life insurance You Need to Know

Life insurance is considered one of the most important financial planning instrument. Yet there are many questions and ignorance about life insurance. As a young graduate, you are entering the workplace for the first time. Your income is much for your family. There are members of your family who are dependent on your income. There will be new members in your family who all will … Continue reading Basics of Life insurance You Need to Know

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How to select ULIP
Insurance, Investments

8 Key Elements You Need to Know to Select Best ULIP

ULIPs are popular among investors. It serves the dual purpose of insurance and wealth building. This is the reason all insurance companies have their own ULIPs to cater to different investors need. This is why IRDA has in the recent past has amended the ULIP rules. But so many ULIPs are the cause of concerns for the investors to choose the best ULIPs. “A market … Continue reading 8 Key Elements You Need to Know to Select Best ULIP

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Financial Risk Management
Insurance, Personal Finance

Financial Planning Model To Protect & Grow Your Wealth

managing risk daily. Some risk management is natural to you while some risks require deliberate efforts. There are some risks which are manageable and some are non-manageable. Even some risks are not known which means unforeseeable. You do not walk on the railway tracks but you can walk on the railway bridge and the bride can collapse. Not walking on the railway tracks is the … Continue reading Financial Planning Model To Protect & Grow Your Wealth

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