Tweets on 2010-05-31

Posted Leave a commentPosted in Finance

Part of financial success is knowing what you really can afford and what you really can’t and (more importantly) having the maturity and bearing to walk on by those things that don’t fit. Source: I wish I’d heard this way back — out of college and at my first job.

Tweets on 2010-05-27

Posted 3 CommentsPosted in Finance

The only guide you'll ever need on life insurance: # Given, I'd stick with LIC. Plus they have a sovereign guarantee – a significant competitive advantage. # My story. 3 years ago. LIC Term Plan for 25 lacs. Incompetent agent & diagnostics lab. Result: Proposal accepted; Agent terminated. Me: WTF? # Though the […]

Tweets on 2010-05-26

Posted Leave a commentPosted in Finance

Mithun asks, I read your research on pension plans. But what exactly do you mean by “Save each month. Compound your savings in debt instruments…???” Simple. Rather than paying an obscene premium for 30 years and making the life insurance company obscenely profitable while you receive a paltry pension, you can build a very decent […]

Tweets on 2010-05-19

Posted Leave a commentPosted in Finance

Pension Plans or Pension Scams? That's what my research on retirement plans offered by life insurance companies in India indicates. # Pension Plan Mathematics of Life Insurance Companies in India. God can't interpret it. I bet. # Save each month. Compound your savings in debt instruments. You'll do FAR FAR FAR better than any Pension […]

Awareness Fridays: Conversion of Term Deposits, Daily Deposits, or Recurring Deposits for Reinvestment in Term Deposits

Posted 1 CommentPosted in Finance

From the Reserve Bank of India’s Annual Policy Statement for the Year 2010-11: Banks should allow conversion of term deposits, daily deposits, or recurring deposits to enable depositors to immediately reinvest the amount lying in the aforesaid deposits with the same bank in another term deposit. Banks are required to pay interest in respect of […]

What Does Your ULIP Premium Do?

Posted 2 CommentsPosted in Finance

Makes you poor and your agent/insurer rich. Look what I found in my email. A job (commission-based) that allows you to be your own boss. Life insurance consultant with LIC of India (part-time or flexi-time). The job involves prospecting, understanding life insurance needs, advising on suitable options and closing the sale. It’s a freelance marketing […]

Tweets on 2010-05-12

Posted Leave a commentPosted in Finance

Nobody cares more about your money than you do. If you don’t take steps to improve your financial situation, nobody else is going to do so either. Source: Smart people work at keeping their monthly consumer debt burden to zero. Borrow only for things that go up in value. Easy to say, hard to […]

Tweets on 2010-05-01

Posted 1 CommentPosted in Finance

Being financially responsible is not about living up to anyone’s standard of perfection. It is about respecting and valuing yourself, protecting your interests, and leaving many doors open for you to do whatever it is you want to do: travel, buy a home, provide for your children, or start a business. Source: I’d say […]