How much Life Insurance to Buy & How To Calculate the Right Amount?

A reader had a very specific question in Personal Financial Concerns Survey 1.0. It was about calculations related to life insurance amounts. This is what he had to say: In past, I have bought insurance policies for saving taxes and…

Not Planning for your Children-Specific Financial Goals? You will screw up your other Goals.

Retirement, Children’s Education, their Marriages and House. For most people, these are the biggest financial goals of their lives. Now at the face of it, these goals seem unrelated to each other. But if you think about it, you will…

How to convince your Spouse to start investing in Mutual Funds and Stocks?

  In the First Personal Financial Concerns Survey, many questions were asked about how to convince one’s spouse to reduce expenses and increase/start investing. Now the first part: about reducing expenses, is tough. And frankly speaking, it’s much tougher than…

Your Parents are not your Emergency Fund. Your Children are not your Retirement Fund.

Your Parents are not your Emergency Fund. Your Children are not your Retirement Fund. Strong and thought-provoking statements. Isn’t it? I am sure many of you will be having gut-wrenching experience right now after reading the title of this post.…