Having read the policy wording on a few Health Insurance policies, I wonder if we'll receive even a rupee in times of need. # Cashless settlement. Ironic. A couple of health insurance providers I looked at have no operating cash themselves. # Which one's better? 5 lacs with guaranteed renewals up to age 80 or […]
Part of financial success is knowing what you really can afford and what you really canâ€™t and (more importantly) having the maturity and bearing to walk on by those things that donâ€™t fit. Source: bit.ly/b65q10 I wish I’d heard this way back — out of college and at my first job.
The only guide you'll ever need on life insurance: http://bit.ly/cfnElH # Given http://bit.ly/bDjK8v, 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 […]
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 […]
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 […]
Nobody cares more about your money than you do. If you donâ€™t take steps to improve your financial situation, nobody else is going to do so either. Source: bit.ly/axpc5y 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 […]
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: amzn.to/cE8uDg. I’d say […]
The key to your financial health is having a consistent, up-to-date picture of your finances at all times, and a clear plan and path for the future. Source: amzn.to/cE8uDg.
HSBC's offer – Upgrade from Classic Card to Gold Card. One time upgrade fee of Rs.99. This when I got a Platinum Card for free from HDFC. #
The drawing that first inspired me to evaluate my cash flow.
“HDFC Bank has the discretion to reject payments above the outstanding on your card.” My Q: Why would a bank ever want to refuse your money? # “Explore the world with HDFC Bank Personal Loans.” It’s honestly a bad — no, terrible — idea to explore the world on a personal loan. # Tweeting from […]
A significant change to the electronic funds transfer facility with effect from March 01, 2010. NEFT is currently available from 9 am to 5 pm on week days and from 9 am to 12 noon on Saturdays. There have been constant requests from various individual and business segments to elongate the operating hours. After examining […]
From one of those umpteen job emails: “The best help you can do is to refer a friend rather than hiding him.” # HDFC Card T&C: Funds from the Personal Loan/Jumbo Cash shall not be used for speculative purposes. WTF mate? Why’s it called personal then? #
The Simple Dollar Â» Emergencies Vs Opportunities http://is.gd/7eQcI – Having an emergency fund doesn’t mean losing other life opportunities. # LIC launches scheme to activate lapsed policies. Reminder: SURRENDER my lapsed endowment policy — a BIG mistake in my financial history. # Testing Twitter Tools integration with WordPress – Phase 2. #
I recently wrote about why it makes sense to have a higher Basic pay as part of your salary. During the restructuring exercise, I found out that for my position within my company, I was entitled to a Basic pay equal to 50% of my Gross pay — all this while. I didn’t know this […]
Yesterday, I talked about why it makes sense to have a higher basic pay as part of your salary? My friend and guest blogger Shilpa immediately took my calculations forward in order to determine what difference the basic pay would make to your take home salary. Grab a copy of her calculations. What do you […]
Mutual funds are a grossly mis-sold, mis-positioned, and mis-communicated financial product in India — Dipen Seth, Money Today, June 25, 2009. Add misunderstood to that list. Add Unit Linked Insurance Plans (ULIPs) to that list.
I’m not sure why ICICI Bank thinks that I desperately need an i-Mint customer rewards card. I received one at my office and another one at my residence. I promptly cut both cards into tiny little pieces. Here’s a pictorial view of the state of the card received at my residence: A fitting end to […]
I’ve been working on improving a few Excel-based calculators that I have previously published. Specifically, I have improved the following calculators: The enhanced Public Provident Fund investment calculator now provides monthly calculations for a period up to twenty-five years. [Link to the original article.] The enhanced Car Loan EMI calculator now supports both Advance EMI […]
Since the Tip Tuesdays and Awareness Fridays series have now come a long way, I thought it’s a good idea to make available a consolidated and always up-to-date link for the respective series. You can now get quick access to these series by bookmarking the links below: Bookmark: The Tip Tuesdays Series Bookmark: The Awareness […]