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Showing posts from March, 2020

Investing For a Child Education is Better than Taking the Loan for the Same

Education is one of the best levers to make this world a better place. Famous entrepreneur and  CEO  of Apple Inc. Steve Jobs once said, “The best thing that could happen to me was that my parents had put me in a school.” From Thomas Elva Edison to Albert Einstein and from Mark Zuckerberg to Bill Gates, all of them had credited education for their success. In India,  primary education  is a fundamental right. It implies that the Government is bound by the constitution of the country to provide free education for the children of the age group of 6 to 14 years. Before the other Indian States catch up with the standards of New Delhi’s Primary education, you have to rely on private education. Similar is the scenario in  Graduation & Higher education . No doubt, every parent wants the  best education  for  their children,  but the costs are a major concern. The best school in your city may remain a dream. The same can be true ab...

7 Steps in Financial Planning in life

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Who hasn't heard of Gucci? The Italian Fashion Giant that revolutionized clothing concept in the world. Like any other family, Gucci's too had internal disputes & they were out in the street. Since it came from a reputed family, tabloids sneaked into the Gucci kids' lives. In one of the interviews, one of the daughters-in-law of Gucci's told that everybody in the family was fighting with others in the family. Sometimes I used to feel like crying while walking on the streets. I would fear that people walking would see me doing so. Thank God! I had a car to seek some privacy. She went on to say if at all you have to weep it's better to do so in the car then out in the street. The whole objective of this story was not to tell you about Gucci's. But to make a point that money saves from embarrassments . For many centuries Indians learnt from mythologies that lots of money is taboo. As we Indians are gradually coming out of the concept of "money is bad...

Why Insurance Is One Of The Most Critical Levers Of Financial Planning

When it comes to  financial planning in Jaipur   there are various options to choose from. There are a few who believe that investing in land or creating a fixed asset is the best option. Then there are a set of people who put money in buying precious metals and there are who believe in stocks and securities. Lastly, people even balance out between all the above options.  Insurance is also one of the ways to do  Health Financial Planning . There are some critical aspects of it-  Health insurance planning  and  Term insurance planning . Let’s understand all of them. Health Insurance Health insurance  is an insurance product that covers medical and surgical expenses of an insured individual or the family. It reimburses the expenses incurred due to illness or injury or pays the care provider of the insured individual directly. The point is why do you need it? Medicare cost is increasing year on year. It rises the fastest i...