Over the decades that I have been asked by people about their personal finances, I have never ceased to be amazed by the abysmal level of knowledge that they have about this subject. People who have worked successfully at their professions for years and have deep skills and competence in their chosen vocation, have no idea how investments, insurance and even banking works.
One typical pattern is of successful people earning crores of rupees in their careers, and investing it all in real estate. Now, as they near the end of their working life, some of them are realising that if at all there ever was any logic in this kind of financial management, it certainly isn’t there now.
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