Giving your teenage child a credit card – absurd or may be not?
Let’s understand the pros and cons of giving a credit card to a teenager. Is it as bad an idea as it seems? We find out.
Six financial mistakes to avoid while dealing with your loved ones
Here are some money choices that you should avoid to protect your finances.
Financially well off and got teenagers? It’s not enough to teach them only about saving
While the previous generation was taught that saving is a must, the next generation who inherits the wealth that has now been created also needs a lesson in money management. Here are two things you can focus on when it comes to passing some money wisdom to the next generation.
Can children invest in Mutual Funds?
Mutual funds offer the most flexible and convenient form of investment for wealth creation, but can children also invest?
Money talks with your first financial advisor – your Father
In your early years, he had given you the first money lessons whether it is about living within one’s means or planning for the future.
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Child’s education at the expense of your retirement?
Wouldn’t it be better, instead, to plan for this goal alongside future requirements like retirement and owning a home? You can plan for more than one goal at the same time.
How you can transfer assets through Trusts
It’s when family structures involve many sub units or when families are broken by way of divorce or similar complications, that a trust structure brings clarity in asset transference.
When does creating a Trust make sense?
Among other reasons is the ability of a trust structure to address the complexities of inter-personal relationships which get mingled with family business equations in an emotion free format, yet within the boundaries of the family’s value system.
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