Another aspect of retirement planning that people grossly ignore is to be good with your kids and raise good human beings. You might have all the money in the world but if your kids are after your money or your health deteriorates to a point where you are dependent on kids, you want them to take care of you in some way. Be good with them when you are in good health
Sadly relying on kids for taking care of urself is highly risky 😂kids love to go to different countries for their livelihood ...so save many and be open to join old age home or assisted living
The biggest challenge for people in jobs nowadays especially in India and Gulf region is that they are forced to retire anywhere between 40-50 years of age as new generation job seekers are easily available for half the salaries and that are ready to work overtime and do have kids and family commitments. I think as part of emergency fund, one must keep additional amount as fees of lawyers and court fees as emergency funds, if one is wrongfully terminated or isn't given final gratuity settlement, one can be in a situation to fund legal expenses from their emergency funds
@nri money clinic: My doctor has suggested that the stress levels are impacting important organs and that to please choose a job without the stress before it's too late. I am 35 yr old. Before I take an important decision can you suggest based on my financial situation if I am financially independent to move to a much much lower job? I have a 2 cr property in Mumbai without outstanding loan and another 80 Lacs in savings. I will also potentially inherit a crore or two. My expenses are between 50-75k a month.
Sir if a resident Indian moves to say Dubai, and he has an existing proprietorship firm (with current account) in India which he wishes to continue to operate, then what happens to the current account once the person's savings accounts are converted from resident to NRI status? If the person is required to close the existing current account and his proprietorship firm on becoming an NRI, then what is the procedure for NRIs to start a new proprietorship firm in India?
Another aspect of retirement planning that people grossly ignore is to be good with your kids and raise good human beings. You might have all the money in the world but if your kids are after your money or your health deteriorates to a point where you are dependent on kids, you want them to take care of you in some way. Be good with them when you are in good health
Sadly relying on kids for taking care of urself is highly risky 😂kids love to go to different countries for their livelihood ...so save many and be open to join old age home or assisted living
The biggest challenge for people in jobs nowadays especially in India and Gulf region is that they are forced to retire anywhere between 40-50 years of age as new generation job seekers are easily available for half the salaries and that are ready to work overtime and do have kids and family commitments. I think as part of emergency fund, one must keep additional amount as fees of lawyers and court fees as emergency funds, if one is wrongfully terminated or isn't given final gratuity settlement, one can be in a situation to fund legal expenses from their emergency funds
One of the best videos.
Excellent I really liked it very much
Sir, really a serious matter, strong advice you share gives more strength, a great service to the society. Thank you very much. ❤😊
Best video on retirement 🙏
Each word is a golden word.
Nice, Worthwhile for everybody.👍👍
Very very useful, meaningful and noteworthy video, Sir. Thank you, Sir.
Incredibly amazing video. Highly insightful!! Thank you sir. Nowadays every Tuesday and Friday I eagerly Wai to watch your videos!!
Thanks for sharing very important info about Retirement planning.
Excellent information and advise 🙏😊
Well said.... Thank you sir for your kind information
Good, very valuable information. Thank you for your efforts for bringing up this topic. It was very useful 👍
Excellent .. very good video👏
Wise words and very good advice, thank you very much!
Excellent presentation. Good advice. Importance of medical insurance must also be mentioned.
Very nice video and very useful.
Good and useful advice
Excellent advise 👌
Excellent sir
Excellent information
Thanks sir. Good advice
Nice . Tnx very much
if inflation goes down or remains constant - explain how your buying power is reduced? Your buying power is also relative to market rates.
If inflation comes down interest income comes down for retirees .
Purchase power gets eroded yo an extent of inflation
@nri money clinic: My doctor has suggested that the stress levels are impacting important organs and that to please choose a job without the stress before it's too late. I am 35 yr old. Before I take an important decision can you suggest based on my financial situation if I am financially independent to move to a much much lower job?
I have a 2 cr property in Mumbai without outstanding loan and another 80 Lacs in savings. I will also potentially inherit a crore or two. My expenses are between 50-75k a month.
Very good perspective. Sir, you should start fees only wing.
Sir Thank you for your advice . We do not have outpatient model , we only have nursing home model . We have responsibility to our clients
Sir if a resident Indian moves to say Dubai, and he has an existing proprietorship firm (with current account) in India which he wishes to continue to operate, then what happens to the current account once the person's savings accounts are converted from resident to NRI status?
If the person is required to close the existing current account and his proprietorship firm on becoming an NRI, then what is the procedure for NRIs to start a new proprietorship firm in India?
Please consult a chartered accountant. You can have NRO current account. No need to close the firm
Good Marketing video, Click bait
Live at present...don't think about future ..