🚀 Stranded in Space? A Masterclass in Financial Survival

Imagine waking up every day unsure whether you’ll survive the day. No fresh food. No fresh air. NO idea of how to reach your home!
 

Sunita Williams and Barry Wilmore faced exactly similar terrifying reality for 286 long days when their routine small 8-day space mission faced a critical technical failure ensuring an unknown ordeal in the cold, unforgiving expanse of space.

 Yet, in the face of sheer unpredictability, they did not panic. They trusted their training, adapted to the crisis, and remained focused.

Just imagine yourself in their place.

What if you lost your job tomorrow? Or a medical emergency wipes out your savings? Would you have the financial “oxygen” to survive?

THE FINANCIAL SURVIVAL KIT: LESSONS FROM SPACE :

The Emergency Fund = Financial Oxygen

When Sunita and Barry were left waiting for months, their oxygen supply was non-negotiable—it kept them alive.

Just like astronauts must carefully ration oxygen and supplies to survive, you need an emergency fund to sustain you when the unexpected happens.

Remember,  Your emergency fund is your financial oxygen.

 Ask Yourself: (not just now but every couple of years)

Could you cover 6 months of expenses if your income suddenly stopped?

Are you prepared for a financial emergency without relying on loans or credit cards?

🚀 Mission Objective: 

Aim to save at least 6 months’ worth of living expenses so that you can breathe easy, even in turbulent times. Emergencies do not come with a message to you that they are coming!

 

Backup Systems = Diversification

A spacecraft is designed with multiple backup systems—If 1 fails, the other kicks in and starts working, because in space, failure isn’t an option.

Now, look at your finances:

• Are all your investments tied to one single asset, like real estate, FD, or stocks?
• Would a sudden market crash or a real estate crash wipe out your wealth?

·         Lesson from Space: Diversify your investments! Spread your risk across stocks, gold, bonds, mutual funds, real estate, Reits, etc.,

🚀 Mission Objective: 

A well-balanced portfolio will ensure that if 1 asset class crashes, you have a backup in the form of another asset class to take you to safety; just like a well-engineered spacecraft.

JOURNEY INTO THE UNKNOWN = LONG-TERM VISION :
Space missions require years of preparation and patience. Astronauts don’t panic at the first sign of turbulence—they trust the process and follow their training. The Media on Earth panicked but not them. 

But what do most investors do?
📉 Markets dip? Sell everything in fear.
📈 Markets rise? Chase risky trends.

 Ask Yourself:

·        Do you react to news every time with either fear or greed? Do you take financial decisions with emotions or follow a solid financial plan in place?

·        Are you investing with patience and discipline,? Do you let compounding work its magic on your portfolio?

🚀 Mission Objective: 

STAY THE COURSE AND DON’T JUMP THE SHIP MIDWAY.
Jumping the roller-coaster just because its coming down will result in a guaranteed injury.
Just sitting tight will take you to the goal. Stock to your Financial Plan and let the compounding work its magic.

Adapting in Space = Adapting in Life

Sunita and Barry didn’t expect to be stranded for 9 months, but they adapted—making do with whatever little they had until a solution emerged.

That’s exactly how you should approach financial planning. Life keeps giving us unwanted surprises when we least expect them.. be it COVID-19, Job losses, Recession, Inflation, or market crash.
Ask Yourself:

·        Can your budget adjust if your income drops?

·        Do you have insurance to handle unexpected medical expenses?

·       Are you flexible enough to change your financial strategy when needed?

·        Do you have an advisor to guide you through difficult times?

·        And most importantly, IS YOUR PLAN FLEXIBLE ENOUGH TO ADAPT TO CHANGING ECONOMIC CONDITIONS?

🚀 Mission Objective: 

Build financial flexibility—be ready to change directions (asset classes) when necessary, without derailing your long-term goals.

The idea is to make sure that your financial plan is Smart, Adaptable and Flexible Enough.


The Power of Patience: Trusting the Journey

 Just imagine that if either Sunita or Barry or both had panicked! It would have resulted in a sure-shot disaster for both.

But throughout the 286 days in space, every single day, both Sunita and Barry had to wake up, stay focused, stay motivated, TRUST EACH OTHER, AND HOPE THAT HELP WAS ON THE WAY. And that too Day after Day after Day. Every single Day. 

So stay focused, stay motivated, TRUST YOUR FINANCIAL ADVISOR (FINANCIAL PLAN) and you are sure to reach your Financial Goal. 

Wealth-building is the same—it doesn’t happen overnight.

 Final Thought:

·        Are you willing to stay invested when the market seems slow?

·        Can you resist the urge to panic-sell during downturns?

🚀 Mission Objec

tive: Building Wealth is an Endurance Test. Requires more discipline than even a marathon. Patience is a superpower. Stay the course, and success will come.

 

🚀 Conclusion: Prepare Like an Astronaut, Invest Like a Pro

Sunita Williams and Barry Wilmore’s journey wasn’t just a test of endurance—it was a masterclass in resilience and preparation.

Your financial journey may not involve floating in space, but life will springing up unpleasant surprises, crises and uncertainties. The question is:

Will you be prepared?

🔹 Is your emergency fund is in place?
🔹 Is your Investments truly diversified?
🔹 Do you have a long-term plan in place?
🔹 Are you flexible, and adaptable and most importantly ensure Emotions do not affect your decision-making process?

🔹 If the answer is YES—CONGRATULATIONS. You’re on track. Keep going.

If you answered NO to any of these, NOW is the time to act.

 You don’t need to be an astronaut to master survival—just a smart investor.

🚀 Start building your financial spacesuit today!

"I'm curious to hear your stories—have you ever faced a financial crisis that tested your resilience? How did you overcome it, and what lessons did you take away from the experience? Share in the comments below, and let's learn from each other's experiences."

 

Regards,

Srikanth Matrubai

Author : DON’T RETIRE RICH

 


All the best,

Regards,
Srikanth Matrubai

MUTUAL FUND DISTRIBUTOR

REBALANCE VOLATILITY CERTIFIED COACH

Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 

join my TELEGRAM channel

WEALTH ARCHITECT
    https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/

EMPOWERING YOUR DAUGHTER WITH SUKANYA SAMRIDDHI YOJANA

The Comprehensive Guide to Sukanya Samriddhi Yojana

 

Enabling our daughters to pursue their aspirations independently is a shared aspiration for all parents worldwide. Thankfully, the government has offered support through the Sukanya Samriddhi Yojana (SSY), a powerful instrument for safeguarding our daughters' financial futures. In this detailed guide, we explore the various aspects of SSY, uncovering its characteristics, advantages, and factors to consider, aiding you in making well-informed choices for your daughter's future.

 

Investing for Her Tomorrow, today:

Introduced in 2015, SSY serves as a cornerstone of the "Beti Bachao, Beti Padhao" initiative, aimed at nurturing financial security for girls aged 0-10. Each guardian can establish one account per girl child (up to two accounts for two different girls) at post offices or specified banks. Deposits are allowed for 14 years, and the account continues to accrue interest, thereafter, reaching maturity 21 years from the date of opening.

 

KEY FEATURES:

🔹 Singular Account: Open one account per girl child, with a maximum of two accounts for two different girls.

🔹 Age Limit: Initiate accounts until the girl reaches 10 years of age.

🔹 Accessibility: Available at post offices and designated public banks.

🔹 Investment Tenure: Deposit for up to 14 years.

🔹 Continued Interest: The account continues to earn interest after the deposit period.

🔹 Flexible Closure: Close the account after 21 years, aligning with long-term financial goals.

🔹 Tax Benefits: Enjoy tax-free deposits, interest, and maturity amounts under Section 80C.

🔹 Minimal Initial Deposit: Start with a nominal yearly deposit of ₹250.

🔹 Generous Investment Ceiling: Contribute up to ₹1.50 lakh annually.

🔹 Partial Withdrawals: Withdra

w up to 50% after the account holder turns 18.

 

 

POSITIVES:

 

🔹 Accessibility: Start with just ₹250 initial deposit and enjoy tax-free returns, making SSY accessible to families across all income levels.

🔹 Government Guarantee: Rest assured with a 100% guarantee on both capital and returns, providing peace of mind to investors.

🔹 Tax Advantages: Enjoy tax deductions under Section 80C and exemption on interest and maturity amounts, maximizing your savings potential.

🔹 Education-centric Planning: With a 21-year tenure, SSY is perfectly aligned with the timeline for higher education expenses, enabling strategic financial planning.

 

 

NEGATIVES:

 

While Sukanya Samriddhi Yojana (SSY) presents numerous advantages, it's crucial to acknowledge potential challenges:

1.       Interest Rate Fluctuations: The scheme's interest rate, presently at 8.2%, is subject to quarterly fluctuations. Vigilant monitoring is necessary to stay updated on any changes.

2.       Long Tenure: With a lock-in period of 21 years, SSY may pose challenges for investors requiring more immediate liquidity. It's essential to consider long-term financial goals before committing to the scheme.

3.       Limited Accessibility: SSY's strict guidelines on fund usage may limit flexibility. Funds are primarily earmarked for education and marriage expenses, restricting other potential uses.

 

 

Creating a ₹80 Lakh Fund for Your Daughter:

With disciplined savings and strategic planning, you can actualize your daughter's dreams through SSY:

1.     Invest ₹1.5 lakh annually for 15 years, totalling an investment of ₹22,50,000.

2.     At the prevailing interest rate of 8.2%, your investment would yield approximately ₹43,18,303 at maturity (your investment stops here).

3.     However, since the investment continues till your dear daughter is 21, she would receive a total of ₹81,12,061, surpassing ₹80 lakh by age 21. This provides a robust financial foundation for her future endeavours.

 

 

Sukanya Samriddhi Yojana (SSY) serves as a beacon of hope for parents striving to secure their daughters' financial futures. With its diverse features, tax advantages, and long-term investment horizon, SSY underscores the government's dedication to empowering girl children nationwide. By harnessing SSY's potential, parents can embark on a journey of financial empowerment, paving the way for their daughters to pursue their aspirations with confidence and resilience.

 

CONCLUSION:

While Sukanya Samriddhi Yojana (SSY) offers attractive benefits, stability, and security, it's important to remember that it's just one piece of your financial planning puzzle. Exploring other avenues like equity investments for long-term wealth creation can further enhance your financial portfolio.

Our experience and data show that equities tend to provide higher returns over a time horizon of 10 years or more. Therefore, considering a combination of SSY and equity mutual funds could offer an ideal approach to diversify your investments and maximize returns.

Wishing you all the success and fulfilment as you embark on the journey of securing a brilliant future for your daughter.

Note: This article is for informational purposes only and does not constitute financial advice. Please consult a qualified financial advisor before making any investment decisions.

 

 

Regards

Srikanth Matrubai

Author: Don’t Retire Rich

 

 

All the best,
Regards,
Srikanth Matrubai

MUTUAL FUND DISTRIBUTOR

REBALANCE VOLATILITY CERTIFIED COACH

Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 

join my TELEGRAM channel

WEALTH ARCHITECT
    https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/

MARRIED WOMEN'S PROPERTY ACT – FOOLPROOF PROTECTION OF YOUR LOVED ONES

 

 

Greetings,

We buy Life Insurance policies to secure the well-being of our family, especially our wife, and kids

But just taking insurance isn’t enough. You need to make sure that the intended beneficiaries (your wife or kids) get the benefits and not others

See…it may so happen that at the time of your death, there could be a scenario of you owing money to creditors or there could be a scenario that your relatives or other legal heirs may stake a claim on your insurance money, but taking a policy under the MWP (Married Women’s Property Act) will ensure that ONLY your wife will get the proceeds and not any other person.

 

Note: Nominee under the Nomination in Insurance only ACTS as receiver of the Insurance Proceeds and is NOT the final beneficiary.

 

Hence to make 100% sure that the policy benefits/proceeds go to people intended for the same has been registered under BENEFICIAL NOMINEE (spouse, parents, children)

 

Once Beneficial Nomination (including under the MWP) then NO ONE else can challenge or stake a claim.

But if there is any amount owned by you and recoverable by any creditors, then even the beneficial nominee's rights to become secondary

And hence the best option is to register the policy under Section 6 of the MARRIED WOMEN’S PROPERTY ACT (MWP) which gives SPECIAL PROTECTION to wife/children and protect them from even creditors

 

Note under the MWP only wife and children can be named as beneficiaries.

Once under MWP, no other family member or any heir or creditor can claim the policy benefits.
In fact, even if the husband and wife get DIVORCED after the policy is taken, the beneficiaries (wife/children) will continue to remain the same!!

Also do note that the lady can take loans against their MWP act Life Insurance Policy and that too without the consent of her husband.

BTW
MWP is not restricted to married men. Even widowers or divorcees can also take benefit of MWP to make their children beneficial nominees under the MWP act.

While applying for insurance, simply tick and fill in MWP details but note no addition/changes is allowed later.

Once a policy has been issued, it cannot be assigned under the MWP Act later. You must opt for the MWP Act at the time of purchase.

 

However, if you have already taken a policy and you are truly intent on protecting

your wife for future benefits, you can do an ABSOLUTE ASSIGNMENT. An Absolute Assignment shifts the ownership of the insurance policy from you to your wife and you are NOT the owner of the policy anymore!

For example, if, after the Absolute Assignment, but during the policy term (still life), anything happens to you, no claim benefit will be given to you as you are NOT the owner of the policy anymore and the policy has been transferred to your wife!

In fact, an ABSOLUTE ASSIGNMENT can be taken even 5,10 years AFTER taking a policy.

 

Do take the help of your Qualified Personal Financial Professional before taking any action. 

All the best, 

Regards, 

Srikanth Matrubai

Author: Dont Retire Rich

Qualified Personal Financial Professional

All the best,
Regards,
Srikanth Matrubai

MUTUAL FUND DISTRIBUTOR

REBALANCE VOLATILITY CERTIFIED COACH

Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 

join my TELEGRAM channel

WEALTH ARCHITECT
    https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/

GOLD CHIT SCHEMES - DOES IT MAKES SENSE ?

 

Greetings,

It’s the SEASON OF FESTIVALS and of course, the season for the Women's Best friend, GOLD!! WE INDIANS LOVE GOLD!

Gold is very close to women and has a huge sentimental value and an emotional attachment.

 

One of the most popular ways of buying Gold which even a common middle-class family is looking for is a GOLD CHIT FUND.

 

Under this Gold Chit fund, you need to pay a Fixed Sum of amount for 11 months and at the end of the 11th month, you are given the 12th-month instalment FREE by the Jeweller and as a Bonus offering, many also offer you Gold Jewellery with ZERO WASTAGE CHARGES.

 

In short, these schemes are EMI in Reverse. They help you buy Jewellery at a Future date by saving and accumulating.

 

The brochures show returns ranging from 10% to as high as 24% per annum.

 

Does sound good. Isn’t it?

Or is it?

 

Let’s find out...

 

 

SOME OF THE MOST POPULAR GOLD CHIT SCHEMES ARE

Tanishq Gold Harvest Scheme

GRT Golden Eleven Flexi Scheme

Bhima Gold Tree Purchase Plan

Kalyan Dhan Samriddhi Scheme

 

 

 

PROs:

1. Discount on Wastage. In fact, some jewellers offer ZERO WASTAGE CHARGES (Sadly, these ZERO wastages is only for a few select designs and for good intricate designs, the jeweller could still slam a higher levy).

 

2. Allows a simple effective way of accumulating large sums of money needed for Gold Purchase (like a monthly SIP in mutual funds)

 

 

CONS:

1. These schemes do not have any Regulation and thus if the Jeweller goes bankrupt, your money is GONE!

 

2. You HAVE to compulsorily buy Jewellery even if the Jeweller does not have designs of your liking and also you will have to pay Making charges, etc.

The designs may not be of your liking but you are now STUCK

 

3. The Gold Savings scheme by Jewellers does not have SEBI approval and thus there is no monitoring of the cash you pay. These Jewellers may be using your fund for Working Capital, business, etc and nobody checks their books. So, if tomorrow, suddenly Gold price crashes and all Investors stop their instalments and ask for Gold, then you never know how many of these Jewellers would be able to keep their word.

 

4. Very few Jewellers offer 24 Karat Gold. Almost every jeweller offers only 22k gold. So, since you will not get cash from the Jeweller, you are buying Gold which is not 100% pure.

 

5. If at the end of the Instalment period, you are in need of Cash for an emergency, you won’t be able to use this money as you are given only Jewellery. The best you can do is to sell the piece of Jewellery and forgo the making charges.

 

 

NOTABLE POINT:

Some Jewellers offer the choice of blocking grams of Gold when each monthly instalment is paid or the normal method of Amount Accumulation.

At the time of Maturity (redemption), you can choose which route works best for you (grams or amount route)

Our view is that:

In times of Rising Gold prices, grams work better and in times of Falling Gold prices, the amount accumulated works best.

 

 

ALSO, KEEP IN MIND:

Some jewellers like GRT do allow the purchase of GOLD COINS.

These schemes make sense only if you have a PLANNED jewellery purchase which matches the Maturity Month of the scheme. If you don’t have any plans to buy jewellery, don’t even look at these schemes.

 

And also, you can go ahead and subscribe to this Gold Chit fund only if you are comfortable with the fact that you have to buy Jewellery only from that particular shop.

 

MOST IMPORTANT:

If you do decide to go ahead with taking a Gold Chit, make sure you go with reputed Jewellers as many Fly-By-Night Operators have vanished after collecting crores of rupees (VGN Jewellers, etc)

Jewellers like Tanishq, and GRT have a good reputation.

 

And of course, as we always keep saying, GOLD IS NOT FOR RETURNS. There are many better options for Investments which are superior to Gold when it comes to Returns.

 

You can also consider other options like the Gold Mutual Funds and the best of them all namely SGB.

SGB is Sovereign Gold Bonds. SGB gives 2.5% interest with a 5-year lock-in period.

And SGB is backed by 24k Pure Gold.

 

 

But, Sir, the 12th-month instalment is FREE. What about that?

Well, Jewellers are not here for charity, they give FREE last instalment with money made from your previous instalments!

Jewellers not only earn interest on the buyer's instalment but also sell the jewellery after earning a handsome margin. For 20 grams of gold jewellery, he earns Rs 600 making charge and sells 22-carat gold at a rate of 24 carat gold. So, he earns approx. 8% extra by selling gold of 22-carat purity.

For jewellers, this scheme is a win-win situation as he gets the chance to sell their product, and at the same time, he earns interest on the customer’s instalment.

 

For lower middle-class people, and for people who want to accumulate Gold for marriage or other purposes in near future, the Jeweller Gold Saving Scheme looks okay, but for all other purposes, the SOVERIGN GOLD BOND by the Government of India is the BEST.

THE BIGGEST ATTRACTION for me is that this SGB gives me Interest of 2.5% every year (on base value) and mirrors the prices of the Market Value of Gold.

Neither Gold Chit Funds, Physical Gold, Gold Mutual Funds or Gold ETFs pay any Interest.

For a Gold lover, SGB is a GOD-SENT WINDOW to invest in Gold (especially as it is GST-free too!!)

 

 

If you are hell-bent on investing in these schemes of Jewellers, then I feel that Tanishq and GRT are better among the Worst.

 

ANOTHER POINT TO NOTE:

Most investors invest in Bank Recurring Deposits to buy Gold at a future date. This is not a good idea since Interest Rates may not keep pace with the rise in Gold prices and they will not be able to achieve their objective.

 

FINAL WORD:

Gold Jewellery Schemes aim to give you Gold/Jewellery whereas gold Savings Funds/Gold ETFs aim to give you Cash.

So, if you want to buy Jewellery in the near future (say 1 year), then go for Jewellery Gold Savings Schemes, but if you want to buy Gold as an Investment or if your Gold usage is at a later date (say your daughter's marriage, which is several years away), then it's Gold Savings Fund/Gold ETF blindly.

The caveat, if it is for consumption, then unless you have a very trusted and reliable Jeweller (ready to buy back from you), don’t think of these Gold Savings Schemes by Jewellery Stores.

Buy Gold ETF, Sell the Units when you want gold and from the money you get, go buy gold!

 

SPECIAL TIP ONLY FOR OUR READERS:

If you do have a Gold Chit fund, when you go to the Jeweller at the time of maturity (redemption) DO NOT reveal that you have a Gold Chit scheme, first select the Jewellery you want, get the estimated Bill and only after this REVEAL that you have a Gold Scheme!!

 

All the Very Best,

Srikanth Matrubai

Author: DON’T RETIRE RICH

&

WEALTH OF WISDOM (WOW)

 

All the best,
Regards,
Srikanth Matrubai

MUTUAL FUND DISTRIBUTOR

REBALANCE VOLATILITY CERTIFIED COACH

Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 

join my TELEGRAM channel

WEALTH ARCHITECT
    https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/

AMAZING TIPS FOR WOMEN TO BECOME FINANCIALLY FREE

The women of 21st century is equal to men in every aspect and therefore should plan their financial portfolio to have an independent and stable life

Gone are the days, when only asset, where women used to invest was gold

Every woman should invest in diversified options for her financial fitness and independence. There are various options for women to invest her money like equities, liquid funds, gold bonds, insurance covers, real estate, if possible

1. Buy Less Gold Jewellery and rather look at alternate Gold Options. 
If you are buying Gold Jewellery returns, then the bad news for you is that gold jewellery does not provide recurring returns or interest income, in fact it is never sold at a prevailing gold rate, due to additional making charges.
If you like investing in gold, you should go for Sovereign Gold Bonds, Gold ETFs and E-gold as they provide regular interest income, safety and have no making charges unlike jewellery.

BEST way to invest in Gold is via the Sovereign Gold Bonds. 
SGB is a tax-free, risk-free method of buying and accumulating Gold.
In fact, besides the appreciation (whatever) from Gold, you get an additional incentive of 2.5% interest on the Initial Invested Amount.


2. Restrict your urge to shop 
Women are often tagged as shopaholics.
Going overboard with your shopping spree with readily available plastic money or EMI options can diverge you from being a prudent spender to an extravagant spender. It does not mean that you kill your passion for shopping, but it is essential to draw a line between need and greed for shopping. Of course, one should indulge in the things which give you happiness (shopping could be one of those). But it is also essential to manage your finances ideally and try to channelize them in a productive saving vehicle



3. Don’t rely solely on your partner for financial actions
 Women cook healthy meals, look after the well-being of our family, but they miss out on being financially healthy. This is where a woman has to take charge and be more involved in money matters.

All in all, it is not just essential but imperative for a woman to be as ‘aware’ about the essence of financial investments and hence making the right financial decisions!

When finances are concerned, they aren’t as confident and knowledgeable about financial matters as men. This problem persists even as women handle many of their families’ routine money management duties, like paying bills and making many purchasing decisions. Thus, it is important to be financially literate and take an active part in your own and your family’s financial decisions.
You and your spouse make a TEAM and thus your participation is vital and inevitable.


4. Diversify your portfolio:

Diversification of investment portfolio is always recommended by experts. It helps in risk division and get effective returns. This women's day invest in various options like equities, mutual funds, gold bonds, Fixed deposits, PPF savings, insurance plans etc.

A women does not like saving too much, she loves having cash and buying things herself. But for being an independent and financially rich, she should invest in various options like equity, fixed deposits, PPF, insurance covers, real estate etc


Financial control is the biggest tool in your hand. Use it, and use it well.

5. Instill Financial Displine in your Children too:
Since women tend to more closely connected with kids, it’s much easier for them to instil the seeds of financial discipline in their children.
Make them aware of the steps involved in operating bank accounts, the pitfalls of wrong investing, etc.
Teach them the importance of Financial Goals and the advantages of starting early.

 5. HAVE ADEQUATE LIFE INSURANCE : 

Have adequate insuarance for not just your spouse but yourself too. 

Majority of woman are these days earning by themselves. Insuring their lives ensures financial support towards her family in her absence. 

And most importantly make sure that your life partner when he takes life insurance, he takes it under MARRIED WOMAN'S PROPERTY Act (MWP) 

Let me explain MWP Act in short. 

When a death of life insured happens, the proceeds from Life Insurance claims firstly goes towards any pending loans to be paid off before anything else. 

But under MWP, the entire WILL GO ONLY TO THE NOMINEE and thus MWP is of paramount importance. 

You can find more about MWP in this blog 

 

FINALLY,
Women need to remember that it’s a matter of fact, that Women tend to LIVE LONGER than men and at some point, of time, they HAVE to manage finances on their own.
So, the earlier they learn to handle the better.

“Don’t give away your earnings to men in the family for investing on your behalf.
Identify your short term, medium-term, long-term goals and align your investments towards the same.
Better to take an help of Expert.

 

AND DEAR MENFOLK,
If you truly respect Women's Day and respect her, love her

then ensure that she enjoys every day in her life and not just today.

Gift her a SIP.

 

Without HER, even HERO is 0.

 

 All the best,

Regards,
Srikanth Matrubai

MUTUAL FUND DISTRIBUTOR

REBALANCE VOLATILITY CERTIFIED COACH

Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 

join my TELEGRAM channel

WEALTH ARCHITECT
    https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/