Chartered accountant by profession. Ex banker. Love to spread personal finance knowledge, Decoding complex finance terms into simple ones. Views are personal
Bangalore, Karnataka
Joined November 2017
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High incomes and high savings can do wonders even with moderate returns!
Money is the core!
#PersonalFinance
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Shield your money from negative returns by not letting it sit idle in bank accounts
Invest those savings!
#PersonalFinance
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Have you ever seen someone doing a lot of research before buying a phone but not putting a second thought before buying stocks on tips
Easy money is a myth!
#PersonalFinance
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Not everyone can achieve financial freedom in life!
But what is achievable is decent amount of corpus to let to sail through few tough financial situations along with well planned insurance coverage
#PersonalFinance
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Those who are in mid of their career and not sure how to prioritize savings should get a Balance sheet drawn
Have seen people shift their perspective towards money and savings after evaluating their assets and net worth after 10 to 15 years of earning
#PersonalFinance
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Differentiate between consumption and investment
The house you live in, cars you drive, gadgets you own, jewellery you wear are for consumption. They are not part of your net worth
#PersonalFinance
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My first Sovereign Gold Bond (SGB) investment was in 2017 which is due for redemption this year
Apart from returns, the most interesting aspect is tax free returns on SGB, that too with 2.5% interest each year
#GOLD
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Many ask me whether to prioritize medical cover or term insurance in absence of both
Always prioritize medical insurance in absence of corporate cover
Life insurance can be planned thereafter
#insurance
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Adequate health & life cover act as a shield for your investments
Inadequate insurance can drag your financial progress by decades, which can't be put back on track during a lifetime !
#personalfinance
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Discussed investment strategy with a friend yesterday so that she can achieve financial independence by the time she reaches her early 40s
Friends are not only for fun & good times. You need to push each other for growing together
For me, it's good karma!
#PersonalFinance
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On Mondays, I teach personal finance to more than 100 MBA students
The first thing I motivate them to do is to get highly skilled and earn more!
Without that, any investment advice is not worthwhile!
#personalfinance
Good part of stop filing ITR this year onwards - Many clients are appreciating my work, which I have been doing for them all these years. Some are requesting to continue filing
The bad part is that I can't charge them retrospectively now for all the good work done!
#ITR
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All these are so harmful to anyone's personal growth
It's good to be imperfect, make mistakes, need help & not live up to all expectations
Act like humans, not machines!
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Take charge of your money matters as per your 'Personal' goals
Don't use your social circle as a measuring yardstick for your finances and behave in a way your social circle behaves!
#personalfinance
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Stopped filing ITRs this year
Will take up 2 or 3 ITRs with complex calculations
Now, my 31st July targets are 30 hours of meditation, 25 hours of yoga, video recordings & planning for the next solo trip!
Focus on what's relevant professionally & personally!
#lifeskill
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The biggest liberation is 'Emotional Independence'!
If you master this along with achieving financial independence, you can experience life in its full form
#lifeskill
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It's not necessary to react to each market moment
Doing nothing and let your SIP going is a skill in itself
#personalfinance
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Every year, I get an opportunity to teach personal finance to MBA students
It's a subject that needs to come out of boundaries of pre defined curriculum and should be to be taught in a way that changes one's behavior and attitude towards money and investing!
#personalfinance
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When someone asks me what I am doing when the market is falling
Year 2023 has been a year of mutual funds .Wanted to free my time by outsourcing the investing aspect
Year 2024 will be a year for learning new skill, experience spirituality & travel alone
Use resources to liberate & explore, not to bound yourself to generate more endlessly!
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Learn personal finance later
First, learn to do meaningful work to earn a decent income!
#personalfinance