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…
Read More How much Life Insurance to Buy & How To Calculate the Right Amount?
If I die today, how much money will my family be left with? How much of this money will come from my savings/investments and how much from the insurance? Will the money be sufficient for my family to take care…
Read More 17 Disturbing Personal Finance Questions to Ask Yourself
There are people who struggle through their entire lives - just paying bills, loan EMIs and continuously doing things (or job) they don’t like. Lets aim not to be like those people.There are people who have no idea how they…
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…
If you think you are a long-term investor, then here is the truth – Its not easy.Just calling yourself a long-term investor is easy. But being one, year after year, for a decade or two, is not easy. Period.The problem…
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…
Read More How to convince your Spouse to start investing in Mutual Funds and Stocks?
Your Parents are not your Emergency Fund. Your Children are not your Retirement Fund. Those two are strong and thought-provoking statements. Isn’t it? I am sure many of you will be having a bit of a gut-wrenching experience right now…
Read More Parents are not your Emergency Fund. Children are not your Retirement Fund.
A reader sent me the following query:“Dev, I want to save Rs 1 crore in next 10 years. I want to take the least possible risk and don’t want to put all my earnings into savings - as I also…
For the past few weeks, I have been doing quite a lot of research on finding the Perfect Health Insurance Policy. And my research has led me to one simple conclusion. That there is no such thing as the Perfect…
Read More Yes. Buying Health Insurance protects Your Wealth, not Health.
One of the basic concepts of saving and investing is the Time Value of Money. I am sure you would have also thought about it in reverse. Your time has money value. After all, when you are in job, you…
One of the most important concepts in financial planning is Asset Allocation. And without doubt I can say that, majority of people don’t get it right. That is the reason, these people end up with inadequate funds, when the goal-date…
Are you looking to grow your wealth using SIP in mutual funds in India? Then this SIP success story will inspire you. SIP or Systematic Investment Plan is the most sensible way to build long-term wealth from equity mutual funds…
Read More Building Wealth through SIP Investing in Mutual Funds: Case Study (2025)
Just yesterday, RBI announced the names of Systemically Important Banks of India. To put it simply, these are those banks whose failure will lead to catastrophic consequences for the country and its people, that is, us.This concept of Systemically Important Banks (or SIBs) gave…
Hi DevCongratulations on officially becoming an adult now. I know how relieved you would be feeling having completed your school education – which in any case, you did not like very much.Before you start wondering who I am, let me…
Note – This is a guest post by Ajay. He has already written quite a few thought-provoking articles like wealth accumulation through SIP, lumpsum investing in mutual funds. Sometime back, I collaborated with Ajay for doing a detailed comparative analysis…
Read More A Cheatsheet for Automatically accumulating Funds for Future Repeat Purchases
