Over two past two decades I have spent time in the financial services industry working with some very diverse personalities. This experience has provided me with a ring side view of real-life personal finance lessons. The knowledge that I have gained over time, has done me good in life and I wish to share these experiences with you as we set foot into another decade.
Lesson 1: Never ignore insurance
Life can throw some nasty surprises at you. I learnt early on the importance of life insurance to protect the interests of my family. I equally learnt the need to stay healthy and be financially protected with a health insurance to meet any financial issues owing to ill health. I recollect a colleague who faced lifestyle health issues, which severely impacted his professional growth and in turn disrupting his best laid future financial plans.
Lesson 2: Stay invested for the long term
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ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
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