Most of the parents are spending 1-2 lacs per year on kids education, once education is done he/she going to get on avg 5 lacs per annum.. if the same parent invest half the money on mutual funds/stocks the same kid will have at least 10 Cr by the time education is finished.
Excellent analysis Ramprasad sir. Your articulation of thoughts and real life examples and anaysis are impeccable. Suman TV and You are doing a great job by spreading this financial awareness. I wish this was taught in school education
I have taken 50 lakhs term policy in 2017 and recently another policy for 1 crore from max life insurance. My age 39 For 1 crore yearly 24k previous policy 50 lakhs yearly 6700
Financial advisers survive on the fear they create in people. A business man can go bankrupt and can go from millions to zero. Don’t plan too much and atleast don’t plan out of fear. Life is beyond all this finance.