Buying Life Insurance – A Balancing Act


wealthymattersThe conventional financial wisdom is that people best serve themselves by purchasing an online term insurance plan and investing the rest of the premium in diversified equity mutual funds. I have a slightly different take on the matter. Let me explain. Many readers have remarked on the difference between my stand and that of other experts.

If you are young, just started working, have little savings, come from a family with little savings, are the sole or main bread-winner of the family and have many dependents, an inexpensive term insurance plan is your best bet. Even as you work towards building wealth, you don’t put your loved ones at the risk of destitution, should something happen to you.

Also if you are older but have to provide for home and children and perhaps have mortgage and car loans etc. outstanding, you’d do well to increase insurance cover via a term plan for the duration of these loans to ensure that in your absence unpaid loans don’t add to your family’s miseries. Read more of this post

Persist


wealthymatters

Smart Work Has It’s Place,But There Is No Substitute For Hard Work.


Wealthymatters” I can’t bear to think of working on Sundays.”

-This from a guy in his thirties, who has been an employee all his life and is only now thinking of setting up his own consultancy business.

Called me up on a Sunday and found me at work on a new launch. He wanted my help to arrange a loan.

So what was he proposing to do?

Hire a place and an employee and set-up in business.

Oh and he’d like my help in understanding cash management as his is a business that involves credit and his having to give 60-90 days payment terms to┬ácustomers and having to pay very “competitive” salaries to employees.

And oh he doesn’t believe in working hard. He’s going to be the boss and take it easy and get his employees to work. Read more of this post

Dealing With Ill-Will


Avoid the ill-intentioned, but if you can’t

be happy

Software To Tell The Tale Of Your Accident


wealthymattersWe are prone to several accidents in our day-to-day lives. It is entirely beyond our control at times, and we are caught unaware under such situations. Since everything stands automated today, why not also have software to help in critical conditions of accidents. It will be beneficial to all.

The Blessing of Technology

In India, people are exposed to accidents more due to unsafe conditions on the road. Every other person has access to a smartphone, but we do not have an able software in our device to help us in emergency situations such as accidents. Read more of this post

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