Sunday, May 20, 2018

*Death is the only guaranted gift of life!!*

Investorshashtra !!! 📜📜📜
ईनवेस्टोशाष्त्र !!! 📜📜📜

Now a days *Murder, Suicide and accident* are the news which fills each and every page of newspaper.It is so common that Divya Bhaskar a leading daily who started a movement "Positive Monday" is forced to cover atleast one or two such news on every page by giving excuse "required to know".

Our reaction to such news is just read the heading check for any known names  and breathe a sigh of relief that no one is from our known circle.

*Only difference with me is for few moments I just imagine financial situation of the family and instead of praying for RIP, I first pray to God that deceased must have had enough coverage to provide financial security to his family.*

_Like they say "Only 'love' which comes with guarantee in life is 'parents love'_ and *only guarantee "life" comes with is Death.*

So, if you do not have enough insurance coverage for your family's financial security, just for a moment try and put your name in that news *(God forbid)*.It will make you understand it's real need.

We all know we are going to die. *But in absence of proper financial planning-if you die early your family will suffer and if you live longer both you as well as your family suffers.*

"So, this weekend just check for your insurance needs and cover it." *(Only term Insurance),*

Have a positive weekend.

Raj Talati

Saturday, May 12, 2018

Swachh financial life Mission !!!


Our PM Shri Narendra Modi embarked a revolution on birth date of Father of our nation in 2014 named *"Swachh Bharat Mission".*

The mission aimed to achieve a swachh bharat by 2019 as a fitting tribute to Mahatma Gandhi on his 150th Anniversary..

Lot of debate can be done about effectiveness of mission. But I think everyone will unanimously agree that it brought a big change in our mindset and specially of next generation. I don't have any doubt that our next generation will have a *real swachh bharat.*

Habits are difficult to change whether it is related to cleanliness of our surroundings or *finances*. So keep. Bharat clean but do not forget cleaning up your financial life as well.

*Financial life cleanse doesn't require too much of time. Only thing it needs is determination, decision, action and little professional help.*

So this weekend:

1) Get rid of Investment done in obligation or low return giving insurance policies.
2) Buy a term insurance.
3) close down high cost loans by withdrawing low return investments.
4) Compare returns net of taxes.
5) check asset allocation - don't overboard any one asset class.
6) have adequate health coverage
7) consult a professional financial planner.
8) don't leverage...never ever take loans for investment.
9) Have proper and updated record of investments and discuss it with your spouse.
10) make a will.
11) reduce dependence on credit card.

*Have a Swachh Financial Life.*

Raj Talati

Saturday, May 5, 2018

"Goal are guesses"


Start of academic session was most exciting time when I was a kid. The smell of new books📖, enjoyment of writing in a new notebook, wearing new uniform, meeting friends etc etc...

I used to make detailed time table for entire day...when will I sleep, when will be the play time and specially dedicated time for studies. Not only that within study time it was fixed which day which subjects needs to studied.

But within few days time table used to become just a show piece on my study table.

Similar is the case with financial planning. Lot of clients comes to us understanding need of financial planning , fully motivated and committed .

Within a year or two goals and motivation gets lost in between.. and they just remains guesses without any action.

Realisation and regret comes when actually goal falls due.

*"Your level of success is determined by your level of discipline and preservance"- Annonymous*

Being  kid we had liberty of taking resolution again for the next year to be more disciplined.. *but being adult we can't afford it.*

Have a wonderful weekend.

Raj Talati