Network FP Thinktank is an Online Professional Journal by Network FP wherein we share the articles written by top-class financial advisors and industry thought leaders from across India and the world.
Retirement Planning in Practice for the younger generation
Kiran Telang
May 12, 2020
Reading Time: 3 minutes Retirement is a definite destination in life- your client will retire, so will you. Our lifestyles, priorities, needs and income will all change. While for some, retirement is a dream destination, for others it can cause nightmares. The past two months in quarantine have showed some of us a glimpse of how retired life could look. Not just in terms of lifestyle but also the possibility of low or no income.
“You should start investing for your retirement from your first paycheck” is what we are up-skilled to tell our clients. This is a good stage to connect with younger clients and shift the conversation gears towards retirement. Get them to plan about something which is practically decades away. “How?”, you may ask.
Today, Ms. Kiran Telang shares with us a few thoughts on approaching retirement planning for the younger demographic and guides us through having some of these conversations. Whether they wish to spend their retirement in forced “quarantine” or have enough resources to live freely..the answers will be clearer to them.
Read MoreBook Review – Personal Finance Lessons From The ICU by Amit Trivedi
Kiran Telang
April 27, 2018
Reading Time: 3 minutes Hospital ceilings are boring to see. While there’s nothing one can do, our veteran Mr. Amit Trivedi could take a positive leaf out of it too and turned his experience into a wonderful book named Personal Finance Lessons From The ICU. To add to the books ‘ glory here we have its essence captured in the review written by our senior member Kiran Telang. Spare 2 minutes to read the review and maybe a day or 2 to read the book itself! Both would be worth your time!
Read MoreThe seven stages of money maturity…At which stage are you & your clients?
Kiran Telang
May 17, 2012
Reading Time: 4 minutes George Kinder’s idea behind the book “Seven Stage of Money Maturity” is that people need to understand their relationship with money to be at peace. In his words ‘Money can be seen as the place where our internal selves engage the external world. If either side-internal or external, self or money is slighted, the whole life suffers’. The author has extensively used literature, Buddhism and the concept of Chakras in developing the seven stages of money maturity. So what exactly are these seven stages? And what stage do you and your clients fall in?
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