First of all, I wish you and your family a Very Happy, Healthy and Wealthy New Year. Well, my wish for Wealthy year or years can be fulfilled by you only if you plan to spend American life style in India.
There are enough provisions in USA to spend better life even after Retirement from services or once you reach superannuation age. You will get enough pension income from government to maintain your life – style. If you fall sick, there are enough medical facilities . In short, Americans maintain their standard of living since everything is looked after by the government. They enjoy their life style irrespective of age. We can also spend even better life style than Americans if we plan our finance properly. SIP is best suited to achieve goals for Retirement, Children’s education and marriages etc. since a fixed amount is invested at regular intervals in a financial instrument. Just also take enough life and health insurance AND after providing for everything , spend rest of money to enjoy week – ends, shopping etc. Many Indians are confused when they face above events in life and do not enjoy their day to day life . Even they do not understand the difference between “Savings” and “ Investments ”. Make a New Year Resolution to have SIP for every event and enjoy better quality life.
Pl. notes that I am sending this write up to all my clients across the globe using mass media communication technology. Incase these comments are not applicable/acceptable, you may please ignore the same.
