My dad always tell me: „if you give money to your family/ friends, you will lose both the person and money. If you don’t lend money, atleast you will keep this money“.
Dad is right because they have experienced these situations. Lending money to friends and relatives you will loose both. I am retired and know that very well.
When you bring jack fruit at home a good number of blue flies come to your home. If you retire a good number of relatives come to you to support their children marriage, loan for their business and many other reason for financial support. Beware of these type of support.
My late father's advice: never lend and never borrow (applicable to. All loans except for a reasonalbly sized house). I have a house , never in my life lent or borrowed...i am old now, but the peace of mind is very much
Very practical advice & this really happened. Also never disclose that I have retired with such amount of money. Not to your family members even. You can maintain a diary where you can keep every information and keep it safe place and tell family member that at your serious illness or after your departure they can open that and see.
Very sound advice. It does make a lot of sense in investing the retirement corpus wisely, rather than blowing it up in purchasing a property. If invested wisely, the income generated will be sufficient in leading a comfortable lifestyle of one's choice.
I would suggest Rs. 30 lakh in SCSS (current rate of interest is 8.20%), Rs. 5-10 lakh in Savings A/c (for emergency) and balance in two good Hybrid Funds.
Very Nice video. I am a retired professor and I follow ALL these ways. This video is a very good compilation of care to be taken by the retired persons. Best wishes to the channel and presenter...
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculously high and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
The stock market will plummet further, so I advise you do critical analysis on companies you are going to buy. Even better, you could have an investment adviser guide you restructure your overall portfolio and offset the bad apples you’re holding, that strategy’s been working for me so far, saves me a whole lot of stress and continuous anxiety and also it’s very time efficient.
I’ve honestly been considering going the route of an advisor, this current market is no jokes for the average retail investor, but do these advisors really make any notable changes to a portfolio or am I better off on my own?
Very good one. Would like to add point no.10. Have an adequate Health insurance cover because medical cost has become exorbitant and would erode your corpus, in case of a major ailment.
The message is very clear and very straightforward to adopt.lf you give money to your brother or sister it will not return and you defenitly lose relationship and money. You will suffer lifelong and nobody will come to help for your life unless you earn money adequately support your life and family life. When you get aged you need more money to run your family and take care of medical expenses. Sir's advice is 100% true and adotable. A very nice vedio.
Good and valuable information. Sir perchance I have disciplined myself maintaining all the points u suggested all through life. With the grace of God investments and regular returns r satisfactory as per my investments. Again thanku
Sir, your Advice to retirees is 100% right. Many including me have suffered. Anyways every one should who is about to read these repeatedly and follow to spend the rest of retired life HAPPILY.
Recently , one of my deceased colleagues wife suicided. Reason, she lent her husbands death benefit amount to relatives and to few other people and become penny less in 10 years. I wish people took wise peoples advises seriously.
Instead of going for health insurance and paying heavy premiums which are not returnable,you may keep a portion of your own money after retirement in a nationalised bank as F.D. and you will get75 percent of the dep. amt as loan whenever you and your family are sick.
No advice requires from anybody tolive a very happy retired life if u follow thisGuru.Sir I salute u for having helped tremendusly the retirees Yours Shankar Birje a retiree
See how much you get on monthly bases from your investment and budget your expenses accordingly. If you spend less than your budget for a particular month, then that extra may be lent to needy but not from your budget
Even for investment , after 45 do not invest more than 20% in equity and after 60, do mot invest more than 10% in equity. When market falls, one won't be able to have mentally relaxed life. Invest in debt funds , bonds or otherwise.
As usual very useful session with lot of practical guides. Dr. Bhat I keep hearing a lot of advice to invest in gold. If there is any session you can conduct for gold as one of the assets in someone’s portfolio, it would be great. Thanks a lot.
Sir, One more problem all of us face is not having enough medical cover. I wish there is a way of building a self insurance right from the time we are young.
My dad always tell me: „if you give money to your family/ friends, you will lose both the person and money. If you don’t lend money, atleast you will keep this money“.
Bro I learned it very bitter way never help relatives financially 😢😮😅
Dad is right because they have experienced these situations. Lending money to friends and relatives you will loose both. I am retired and know that very well.
Very true, it happened in my life, I offered money to relatives and they didn't repay and also cut off relationship😢
Yes, I hv lent money to my cousin and my friend ,the money never returned on the contrary the relationships ended with the loss
why didn you ask him about it? what did he say?
The same happened to me also.
When you bring jack fruit at home a good number of blue flies come to your home. If you retire a good number of relatives come to you to support their children marriage, loan for their business and many other reason for financial support. Beware of these type of support.
My late father's advice: never lend and never borrow (applicable to. All loans except for a reasonalbly sized house).
I have a house , never in my life lent or borrowed...i am old now, but the peace of mind is very much
Very practical. Message is very loud and clear. I have seen this happening with my relative. Must watch for all retirees. Do not try to be a hero.
Very good information
Very practical and sound advice to sustain happy retired life...Big thank Dr.C .Bhat for such constructive advice..
Very practical advice & this really happened. Also never disclose that I have retired with such amount of money. Not to your family members even. You can maintain a diary where you can keep every information and keep it safe place and tell family member that at your serious illness or after your departure they can open that and see.
Very true
Precisely safeguarding the retirees.
Very sound advice. It does make a lot of sense in investing the retirement corpus wisely, rather than blowing it up in purchasing a property. If invested wisely, the income generated will be sufficient in leading a comfortable lifestyle of one's choice.
Where to invest? Assuming that retirement corpus is 50 L, what would be your recommendation of wise investement, if any.
I would suggest Rs. 30 lakh in SCSS (current rate of interest is 8.20%), Rs. 5-10 lakh in Savings A/c (for emergency) and balance in two good Hybrid Funds.
@@pchako Perfect! Thanks.
@@ulhaskhare8301 I have invested in SCSS @ 8.2% for 30L and another 15L in P.O. MIS @ 7.4% monthly. It comes to around 30,000 + pension.
Emergency fund : 5%
FDs : 20 %
MIS : 20%
MF : 5%
Very Nice video. I am a retired professor and I follow ALL these ways. This video is a very good compilation of care to be taken by the retired persons. Best wishes to the channel and presenter...
Excellent presentation for retirees dr. Bhat. Keep it up. We have benefitted a lot since we met you even before retirement. Thanks and god bless
Worth of Millions$'s advise - Thanks so much Sir
One of the best and straight forward msg for retirees. I am going to share this in my close group. Thanks for making this wonderful video.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculously high and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
The stock market will plummet further, so I advise you do critical analysis on companies you are going to buy. Even better, you could have an investment adviser guide you restructure your overall portfolio and offset the bad apples you’re holding, that strategy’s been working for me so far, saves me a whole lot of stress and continuous anxiety and also it’s very time efficient.
I’ve honestly been considering going the route of an advisor, this current market is no jokes for the average retail investor, but do these advisors really make any notable changes to a portfolio or am I better off on my own?
Very well said, who is this adviser that guides you and how did you find them? I don’t seem to find any locally and I’ve been having a terrible year.
*Leah* *Foster* *Alderman*
You'll probably get more information if you do an internet search for her
Sir your first sentence is absolutely right ।The primary cause of losing is close relatives
Very good one. Would like to add point no.10. Have an adequate Health insurance cover because medical cost has become exorbitant and would erode your corpus, in case of a major ailment.
On the verge of retirement and intend to diligently follow every one of your advice.
The message is very clear and very straightforward to adopt.lf you give money to your brother or sister it will not return and you defenitly lose relationship and money. You will suffer lifelong and nobody will come to help for your life unless you earn money adequately support your life and family life.
When you get aged you need more money to run your family and take care of medical expenses.
Sir's advice is 100% true and adotable.
A very nice vedio.
Very nice advice for retires to safeguard corpus of emergency savings for rest of life,
A very nice appropriate advice for elders. Thank you
Good and valuable information. Sir perchance I have disciplined myself maintaining all the points u suggested all through life. With the grace of God investments and regular returns r satisfactory as per my investments.
Again thanku
Thanks on behalf of retirees
I APPRECIATE AND TREASURE EACH OF YOUR WORDS. TKU.
Thank you for your valuable information. I agree with you totally as , we have seen many retirees loosing money with our sufficient knowledge. 🙏
Superbly said. I think everyone shd listen---- I wud add not to buy "expensive cars" after retirement
Sir, your Advice to retirees is 100% right. Many including me have suffered. Anyways every one should who is about to read these repeatedly and follow to spend the rest of retired life HAPPILY.
Recently , one of my deceased colleagues wife suicided. Reason, she lent her husbands death benefit amount to relatives and to few other people and become penny less in 10 years.
I wish people took wise peoples advises seriously.
Very sound advise with clear message. Thanks
Such good advice!!!! You are a wise man indeed. Soon I hope to hire you
Very precise, practical and above all sensible advice to retirees. Thank you.
Good advices
Good & valuable suggestions.
Very educative,apt and highly useful
Excellent!!!!! Terrific video, superb advise
Forgot the most imp. Getting a good health insurance policy. Private Hospital bills can wipe out all your savings
Do yoga & meditations with healthy sathvik food....u can avoid hospital
Thanks for cautioning to all Retired Senior Citizens Corpus fund management to follow their piece full retired life to carry forward smoothly.
Nice and true information.
My good wishes for you
good advice sir. In oldage, our own money will support us. If savings are there we can get services of all sorts.
Sir really great practical and very important guidelines for the important stage of life
Thank you,I have been listening to you since last 5-6 years
Set a limit for the debit card also : withdrawal, merchant, and online..that way you can insure the risk
Excellent in depth knowledge on protecting owns money.❤
Really valuable advice in these difficult times .
Good practical advice. 👍💐
It was really very useful video.Thank you Sir
These tips are very Thanks a lot for sharing.
Informative suggestions for retired person.
True, True, True & True. Thanks.
Thank you 🙏 for such great advice. Kind people like you keep this world ticking.
Instead of going for health insurance and paying heavy premiums which are not returnable,you may keep a portion of your own money after retirement in a nationalised bank as F.D. and you will get75 percent of the dep. amt as loan whenever you and your family are sick.
Pay interest for your money to bank?
@@skpadmakumar4665 if you are ready to loose the premium amount when you are not sick then it is your wish and will.
Premium is heavy for old aged people.But atlest a health insurance for atleast for 2 or 3 lacs will be better.
What you said is correct. But can we keep blind eye if we see sufferings of our children happened beyond their control
If you help them now, when you suffering they will turn blind eye. Then what?
No advice requires from anybody tolive a very happy retired life if u follow thisGuru.Sir I salute u for having helped tremendusly the retirees
Yours
Shankar Birje a retiree
Wonderfully explained the facts. Hats off...Sir❤
Useful information near to retirement people
I have almost followed the sound advice given by you.
very informative and thoughtful !!
Simply superb sir. Thanks for the wonderful videos.
Very valuable suggestions.thank you sir🙏🏼🙏🏼🙏🏼
Very good suggestions, Plz mention about the lMPORTANCE of Nominee in your next episode
Thanks for the nice advise 🙏 Entering into agriculture can also be a corpus eroder
Very valuable advice. Thank you.
Very good advise to elders
See how much you get on monthly bases from your investment and budget your expenses accordingly. If you spend less than your budget for a particular month, then that extra may be lent to needy but not from your budget
Excellent advice. Much appreciated 🙏
Thanks for your suggestions 🙏
Absolutely good advice from you
thank you
Even for investment , after 45 do not invest more than 20% in equity and after 60, do mot invest more than 10% in equity. When market falls, one won't be able to have mentally relaxed life. Invest in debt funds , bonds or otherwise.
Very good information, especiall for old mentality Indian parents
As usual very useful session with lot of practical guides. Dr. Bhat I keep hearing a lot of advice to invest in gold. If there is any session you can conduct for gold as one of the assets in someone’s portfolio, it would be great. Thanks a lot.
Well explained 👏🏼
Very pragmatic advice. Very valuable.
Very informative.
Very nice information.
Thanks a lot.
With respects and regards
Srinivas N
Perfect..Crisp..Clear..❤
Great advice.. sadly with my experience most don’t follow
Very nice and thoughtful video , thank you Sir
Thankyou,
For your Excellent Advice
And Suggestions
Thankyou
Very good information. Thank you very much
5 lacks is secured bank deposit in each bank hence keep in multy bank's
Very educative....thanks sir....
Valuable advice, thank you sir
Cleverly worded.😊
Good video to remember.
Thank you very much.
Very useful presentation.👍
Super advise.. Thanks
Sir, One more problem all of us face is not having enough medical cover. I wish there is a way of building a self insurance right from the time we are young.
Good advice .very useful🙏
Very sensible advice.
unfortunately, I have seen ur vidio after committing 3 mistakes out of this.... Still I m have scope to get it back, thanks sir
Thank You Sir, For very Informative Video
Sir, good suggestions. Thanks
Thx sir,. Valuable insights
Excellent video.kudoss
Nice video.
And you look sooo cool even in casual dress. ❤❤❤❤
very wise suggestions
Very very useful advise, Sir. Thank you for the same.
Very Good piece of advise 👌🏻🤝👌🏻
Excellent information sir...
Thank you. Very good advices
Very useful advise. Thanks
Really true. Thanks.
Please explain in Hindi very well explain but all sinior citizens not understand in english