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The best wedding gift I gave my daughterNarasimha Prabhu, Bangalore

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Key Take-Aways
  • Sit with your spouse and make a life plan to figure out your priorities. Understand your future financial needs such children's education, marriage, health issues and retirement.

  • Do you plan for career risk where there may be breaks? You work for money but at what point does your money start working for you?

  • Don't mix insurance and investment and instead go for a term policy. Be aware that even real estate also has ups and downs and you may not be able to realize the value of real estate at a time of need.

  • Gold is good for jewelry but not necessarily as an investment.

  • Teach your children how to handle money and investments. Encourage your children to create a financial plan even at start of marriage.

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