This is part one of an investment planning case study in which we consider how to create an investment plan step by step using real data obtained from readers belonging to different age groups. This is step 10 of Re-assemble, a series on the basics of money management aimed at beginners and young earners. So far we have covered 9 steps and all set to move on to investing – with a clear purpose. In step 10 of re-assemble, let us consider an investment planning case study and learn how to create an investment plan. Before that here is a brief summary of all Re-assemble posts.
Re-assemble is a series on the basics of money management aimed at beginners and young earners. So far we have covered 8 steps and completed the basic financial fortification process. Now we are all set to move on to investing – with a clear purpose. In step 9 of re-assemble, I have a few questions to ask you. A few questions that you need to ask yourself. Before that here is a brief summary of all Re-assemble posts.
We buy health insurance in the hope that it would come to aid in the time of need. Many people do not have a personal health insurance policy because they rely on their corporate health insurance or a group cover. The assumption is that corporate health insurance claims are unlikely to be rejected as the insurer would lose business (the firm will not renew next year). Well, guess what? Not all corporate covers are the same. Not all policies settle claims – genuine claims – without hassle. Here is the story of how Rahu’s corporate health insurance claim was rejected for a trivial sum and how he fought back.
I discuss the factors to consider before purchasing a personal accident insurance policy. The key being to understand the insurers definition of what an accident is, and when a personal accident insurance policy will come into force. This is step 8 of Re-assemble – a series on the basics of money management aimed at young earner. Here is a brief summary of all Re-assemble posts.
Re-Assemble: a recap of the steps
Many of you may be on vacation this week. Now would be a perfect time to work on these steps.
“How much medical insurance I need?” can be answered in two ways: (a) as much as you can afford and (b) 50 lakhs to one crore. Naturally, option (b) is not only scary but also not affordable. Hence we all need a corpus of medical expenses to handle increasing medical costs, fund our lifestyle diseases and expensive treatments. In this I post I discuss simple ways to build a corpus for medical expenses.