Donation Seat – Why it is not good for higher education?
Donation seat is one of the options for the parents when their children didn’t get a good enough rank in entrance exams for higher education like Medical, Engineering, M.B.A, and I.I.T, etc… In addition, Parents think that in buying donation seats that they can secure their children’s futures. But in many cases, it is not true. I know a lady who had completed dentistry, and She got the set with a donation of Rs.50,00,000. In addition, She is working now for a salary of Rs.15,000 per month in a Dental Hospital. Do You think that her father made a good …
6 Steps – In Financial Planning Explained
6 Steps are there in the Financial Planning process. Sebi Registered Investment Advisers will tfollow this entire process for their clients. Individual Clients also can follow this process without the help of Investment Advisor guidance. 6 steps in the Financial Planning process are… Financial Planning Board has designed these steps for Certified Financial Planners. Every Planner (Investment Adviser) should learn and follow these steps for serving his clients in a better way. 1. Establishing Client Planner Relationship 2. Gathering Data 3. Analyzing the Data 4. Developing the Plan 5. Implementing the Plan 6. Monitor the Plan. Step 1) Client Planner …
Cash Flow Statement – What is its importance in your Financial Planning?
Cash Flow Statement is an important part of the “Financial Planning“, in your Financial Goals journey. All of us will be having some “Financial Goals” in our life. In addition, a few goals are house buying, retirement planning or financial freedom planning, child higher education and child marriage, etc. However, You may be having a few extra financial goals apart from the above goals. Before understanding the Cash Flow Statement, I advise you to understand What are the different ways to achieve a Financial Goal. Click this link to read about How to achieve a Financial Goal.’ Now, after reading …
Poor – Why Life Insurance Agents will become in India ?
Life Insurance Agents in India will become Poor. Don’t you believe me, then read this entire article to understand why? Just before I have stopped my career as Life Insurance Agent 8 years back in LIC Of India, I had seen a hoarding at a famous junction in my City. Hoarding had the following Catchy Head Line. ” Become a Lic Agent” to earn income in lakhs“. In addition, The Hoarding stated that the retired employees, housewives, teachers, and fresh graduates, etc can become a part/full-time Lic Agents to earn huge money as per their need. Moreover, That Hoarding …
Life Insurance Agents are making better profit than you How?
Life insurance agents used to sell most of us insurance policies to get profit for their livelihood. But agents will try to push some policies to us. Endowment types of policies are also heavily pushed by agents for us to buy. Here, in this article, I am trying to tell you how much profit you will get and, at the same time, how much your agent is getting. But many policyholders are arguing with me that their agents have given them back the commission that they are getting. Hence they are dreaming that they are smart and made a huge …
Doctors Financial Planning-How they have to do?
Doctors also need Financial Planning in order to achieve their Financial Goals and Dreams. But Doctors do not know they should Financial Planning. Ten years back I used to think that Doctors are the highest income earners and career is so stable. This is still true to some extent. But it is not same in case of all Doctors. Yes, In their definitely will opportunity to earn money always as it has huge demand for Doctors. Some of you know that I am running a Telugu You tube channel in the name of Paisa Health. I am getting some leads …
Different Types of Loans In India-When to take them?
There are different types of loans available in India. But when to use them is not know to many of us. In the article, I will give information about the different loan options available and their features 1.Home Loans( Housing Loan)… Most of us want to have a own house. But Many of us do not have all funds which are required to buy a house. Here, a Home Loan can help us to buy a home which we can afford. We have to pay E.M.I every month in this kind of loan for 10 to 30 years. Again, there …
Financial Planning_ Why it will fail if you listen to Society?
Yes, It is true your financial Planning will fail if you listen to society. Recently I got a call from an I.T employee who already took financial planning from an other Sebi Registered Investment Adviser. Why he contacted me for me? He called me for a 2nd opinion over his “House Planning“. Moreover, He thinks that his Investment Adviser allowing him to buy a house. His adviser advised him not to buy a house till his retirement. But people around this I.T employee and his family members are asking him frequently that when he will buy a house. Why this …
Insurance Planning -Why some times will fail in Life Insurance, Health insurance etc?
Sometimes Insurance planning will fail. People do take life insurance and health insurance etc to protect themselves from financial loss due to unexpected death or health issues etc. For this, they do Insurance Planning. Insurance planning also part of Financial Planning. Therefore, I have added this article in Financial Planning category. But sometimes this Insurance planning will fail. Recently I had a discussion with a Government Employee. He is working in Andhra Pradesh State Government. They have mandatory Department Life Insurance called APGLI. In the conversation, he said that If Life Insurance Policy of Lic or any private Life Insurance …
Real Estate – Why it is a bad investment?
Real estate is a prime investment option for most of the people in Andhra Pradesh and Telangana. We think that it is a good investment. But that is not true. Real estate is a bad investment option. We think will give more return(profit) than anything else. There are few reasons why it is not worth investment. Below are a few reasons explained… Real estate investment needs a loan to purchase… Real estate investment demands a lump sum amount at the time of purchase, which many of us do not have. As a result of this, we tend to take heavy …
