You Owe it to your Children – Part 1
Saving for your child’s future needs is one of your most important goals in Life as also your Bounden Duty as a parent Remember Farhan Qureshi in the 3 Idiots? His father planned out his education and career the day he was born. The senior Qureshi's career choice may have been out of sync with his son's passion for wildlife photography but the underlying objective — to secure the financial future of his child—was bang on target. An increasing number of Indian parents are doing that today. According to the survey, 63% of the 1,908 respondents said they started saving for their children's education when they were born. Another 9.2% had started even before the kid was born. That's good news, because the earlier you start, the more the time available for your investments to grow, and the bigger the corpus. But are Indians choosing the right options when investing ...
FINANCIAL PLANNING FOR CHILDREN BY ARMED FORCES OFFICERS Part-2
Introduction Financial planning for your children is probably something that takes up a lot of your 'worrying' time. You know that you need to start setting aside money for your child's needs. But what you do not know is the ideal way to go about doing the same. Whether your objective is to provide for your child's marriage, property or seed capital for a business venture for your child, the approach given here holds good. Why is this exercise more strenuous for Armed Forces Officers Due to the nature of the profession, wherein there is constant movement from one end of the country to the other and even abroad; when one does stop for a short while, it is in some unpronounceable place in the middle of nowhere; in the name of a financial advisor or facility, there is a semi-literate, maybe ill-intentioned, insurance agent available, if at all; the ...
FINANCIAL PLANNING FOR CHILDREN BY ARMED FORCES OFFICERS Part-1
Alice : Which road is the right one to take? Cheshire Cat : Depends on where you want to go. Alice : I do not know! Cheshire Cat : Then any road will get you there! - Alice in Wonderland Introduction Financial planning for your children is probably something that takes up a lot of your 'worrying' time. You know that you need to start setting aside money for your child's needs. But what you do not know is the ideal way to go about doing the same. Whether your objective is to provide for your child's education, marriage, property or seed capital for a business venture for your child, the approach given here holds good. The key lies in identifying each objective that you wish to provide for in an unambiguous manner and then quantifying it. While planning for your child's future, there are some thumb rules ...
FINANCIAL PLANNING FOR THEIR CHILDREN BY INFANTRY OFFICERS.
Alice : Which road is the right one to take? Cheshire Cat : Depends on where you want to go? Alice : I do not know! Cheshire Cat : Then any road will get you there! - Alice in Wonderland Introduction Financial planning for your children is probably something that takes up a lot of your 'worrying' time. You know that you need to start setting aside money for your child's needs. But what you do not know is the ideal way to go about doing the same. Whether your objective is to provide for your child's marriage, property or seed capital for a business venture for your child, the approach given here holds good. The key lies in identifying each objective that you wish to provide for in an unambiguous manner and then quantifying it. While planning for your child's future, there are some thumb rules that ...
