Does your Home needs Insurance

house insurance

Few days ago, I came across an incident that shook me in entirety. One of my dearest friend’s house caught fire while he was away for some work. By the time we reached to take control of it; the fire had done its job of burning the things to ashes. Tragic it was!!!! One cannot imagine what it feels like to see your house going down in front of your eyes.

To build a home, it either takes a lifetime or a major part of one’s life. We have immense memories attached to our home which may began with celebrations of a getting a new job to getting married to becoming parents and so on….. Continue reading

Credit Card Swipe: Wipes the Pain

Retail eyes gains from bank card fee cutA while ago I wrote an article on needs v/s wants wherein I talked that in this fast paced world of consumerism we are increasingly concentrating on our wants viz a viz our needs. One of the biggest reasons for such a change is that we no more feel the pain of paying. You must be wondering, what is pain of paying? Imagine you are out for shopping and you come across a very smart watch. The moment you see it you feel like buying it as this was something you wanted for long. Now you have three options to pay for it i.e. Cash, Debit Card and Credit Card. Continue reading

Financial Safety Nets to Sleep-In-Peace

Safety Net

Have you ever seen the trapeze acts in the circus? Trapezes are those acts wherein artists swing in the air and do breath taking stunts. Are these acts not risky or these people belong to some other world? These artists are normal people like you and me and believe me the acts are also very risky. But what lets them perform these acts fearlessly is the safety net placed below them. What if there is no safety net? Either the artists wouldn’t perform or the performances would not be upto the mark. The fact that there is a safety net to protect them in case they were to fall helps them to overcome the fear of falling and motivates them to perform to the best of their abilities. Protection enables these artists to take higher risks. Continue reading

Make Your Kids Money Smart

Money Matters

“Twinkle Twinkle little star

How I wonder what you are

Up above the world so high

Like a diamond in the sky”

This rhyme reminds me of my childhood days when I was taking my first step towards becoming one of those stars who would shine like a diamond in the sky i.e. towards becoming a successful person in life. Today when I teach the same rhyme to my young daughter , I aspire the same for her. Continue reading

Investing in equities – Risk or a Reward

risky investments

Last week we discussed what risk is and the ways and means to manage those risks. A person in life primarily has three types of goals viz. short term goals, medium term goals and long term goals. And if a person intends to accomplish his long term goals; loss of purchasing power is his biggest risk. The best tool to combat this risk are “Equities”. When I often advise people to invest in equities for their long term goals; their sudden reaction is “Equities are risky investments and they do not give returns”. Today let’s understand the myths and realities about equity investing. Continue reading