Finwise Personal Finance Services LLP is an AMFI-registered mutual fund distributor. This website finwise.in (and the contact details given on this website) are of Finwise Personal Finance Services LLP. We do not, directly or indirectly, provide any form of financial assistance, lending services, or loan facilitation. We are not affiliated with, nor do we endorse, any digital platforms or applications—specifically including but not limited to “FinWise: Financial Assistant” or the website <fin-wise.co>—that purport to offer such services. Any unauthorized use of our trademark ‘FINWISE’ by third parties is expressly disclaimed and is currently subject to legal action. Users are advised to exercise due caution and verify authenticity before engaging with any financial service provider.
Somehow in our society, while it is an understood thing that a man needs to take care of his parents, it is not such a given for the woman. It is strange when you think of it, since equal share in property post demise of parents is accepted by all, while equal share in responsibilities not so easily so.
However, a woman has the same instinct as a man’s and would like to be there for her parents, financially or otherwise. So how can you plan for such debts, which in a way, can never be fully repaid?
Read our latest article, published on Moneycontrol.com
When we are still working, we make so many plans of things to do once we retire. And as we get onto the home stretch in the last few years, the excitement begins to build, of course, with a few butterflies in the stomach as well. So many places to see, so many people to meet, so many suppressed aspirations to fulfil, all of course, while juggling one’s hard-earned wealth and believing that there is enough, not only for ourselves but also to bequeath.
But retirement is not always as rosy as you imagined it to be. The transition to retired life is sudden, and there is a vacuum of time, that has to be fruitfully filled. That vacant space has to be occupied with activities that need to be created, not only to feel gainfully employed, but also to feel good about oneself. The actual retirement, therefore starts with a whole lot of unexpected dilemmas and mental adjustments.
What are those scenarios that one must adapt and adjust to?
Read our latest article, recently published on Moneycontrol.com (link given below).
In retirement, the role of money is to allow one to fulfil our bucket list of desires, while ensuring that there is enough to take care of our balance life-times, including exigencies. Nothing more, nothing less. Hence, as a retiree, use money to bring you happiness and add meaning to your life, while taking care that it is safely working for you as well.
Image credit: Moneycontrol.com
Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families plan for their financial goals, follow their passions and achieve financial independence.
To receive our articles through email, pl subscribe here.
For advice, please reach us at getfinwise@finwise.in or +91 9870702277/9820818007.
If you are wondering what reskilling and upskilling has got to do with personal finance, think again. The best investment you can make is on yourself. Today it does not matter where you are – you could have achieved a fair bit of success in your career, you could be just starting out or you might be qualified, yet a housewife by choice.
We are a part of times which are changing rapidly, driven by technology, life-styles and generational leaps. While you could be secure currently, given this pace of change enveloping us, it is important to stop every once in a while, to gauge how you measure up to the changed circumstances.
While some of what I say is gender-agnostic, it is particularly pertinent to women, whose work-lives are characterized by self or externally imposed breaks, societal pressures and who don’t necessarily play as significant a role in family financial decisions, thereby being more “not-in-control” and vulnerable to these forces of change.
Our latest article (link given below), published in Moneycontrol, highlights the risks that women run by not upgrading their skillsets periodically, thereby not being adequately prepared to face life’s challenges.
Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families plan for their financial goals, follow their passions and achieve financial independence.
To receive our articles through email, pl subscribe here.
For advice, please reach us at getfinwise@finwise.in or +91 9870702277/9820818007.
When Chuck Noll said “Every job is important, but no one is indispensable”, he certainly hadn’t kept the Indian working woman in mind! For us working women, one person who is indispensable and brings an immediate sigh of relief and a genuine smile to the face when she arrives, is the house-help. Our lives get complicated when she is on a long leave and turmoil in her life cascades to chaos in our planned hi-speed schedules, to overcome which needs a lot of “jugaad”. Retaining her and ensuring that things are smooth-sailing is non-negotiable for us. Whatever the reason to do so, our latest article published in Moneycontrol.com (link shared below) gives you five simple ways to add a lot of value to the financial condition of these indispensable women, at literally no cost.
More details on their eligible government schemes are easily available online and are also on our website www.finwise.in. Apart from government schemes they could also invest in Mutual funds which are available to everyone. However, given their tendencies to trust people unconditionally, it is important that they have access to advice which is genuine and do not take undue risks with their money. You could approach your financial planner to help with these. A word of caution though, when you recommend someone, the trust they have with you gets automatically transferred to the person you refer them to, hence be sure you send them to someone who will give appropriate and genuine advice. They would otherwise be better off with government schemes that have guarantees.
From our point of view, life might seem unimaginably difficult for this segment of people, making us wonder how they would be able to save, when making ends meet itself is a problem. But believe me, they are resilient and are able to manage temporarily even when they suddenly lose one of their many jobs. Taking some of the above actions will help your own “CAT (Cook/Ayah/Top-help) Commandos” secure their financial futures, while they help you effortlessly manage your present.
Image credit: Moneycontrol
Finwise is a personal finance solutions firm that helps individuals and families plan for their financial goals, follow their passions and achieve financial independence.
To receive our articles through email, pl subscribe here.
For advice, please reach us at getfinwise@finwise.in or +91 9870702277/9820818007.
Having a will is a must for easy and fair distribution of your wealth as per your desires. After all, it would be a shame that a lifetime of effort towards wealth creation for your loved ones, to meet their aspirations and goals, gets derailed in case of an unfortunate death intestate.
Read more in the below link about how a will can help you protect your wealth, in our latest article, published in our monthly column on Moneycontrol.com.
As a woman, you may be in charge of your present. But are you in control of your future?
Taking control of your financial future is important. Take out the necessary time for it.
It is important not to confuse your current financial independence with financial freedom. By being financially independent you are able to take care of your personal expenses at present. When you are financially free you are able to maintain your desired lifestyle throughout your life-time, including your retirement. This is not going to happen automatically just because you earn an income. It requires thought and planning and is more challenging for women than it is for men. Pl read my latest article published on Moneycontrol.com.
To know a person fully, it is important to know their attitudes towards money. This is a critical step towards being truly ready for your happily-ever-after story.
Read this article written by me in my monthly column on Moneycontrol.com by clicking the below link.
I am one of those people who has always frowned upon Women’s Day. I have always wondered why make so much of a fuss on Women’s Day, what is the significance of this celebration? I am a recent convert to the celebrations. Let me give you a bit of a back ground to this.
My choices in life have not
always been conventional. Back in the 90s, my first job was in sales in the
lovely city of Bangalore. My family was
shocked at my choice and my friends found it weird that I would consider taking
up the job and dismissed it saying, I would realise it was a folly and quit in
few months. Well, as it turned out, no such thing happened, I enjoyed my work
and made some great friends. I was the
only woman in sales in entire south India, but that did not make things
difficult for me because I fitted in with ease.
It may have helped that I grew up with 2 brothers but then again, I had
always studied in an all-girls school and college. Whatever the reason, I got busy with work and
lost touch with most of my women friends from school/college.
My women gangs!
I made very good friends at work and all were men. I could easily sip cutting-chai while they took countless smoke breaks and soon both they and I forgot whatever gender differences existed. Work was such that I had no social life outside of it. I met my partner in crime, in my first job and he was absolutely fine with me hanging out with my friends who were all men. This actually gave me wings because I did not have to worry about how my parents would be answerable to xyz uncle and aunt. I continued to thrive in sales and moved to Mumbai after marriage. Again, I was one of two women in sales in a telecom company. Initially I was taken aback by the language used, addressing each other with BCs and MCs and while all the gaalis was something I had never seen before, there was no special consideration for language used in front of me. Soon I got used to it. I competed, fought and made friends who still stand me in good stead.
At the end of a corporate career
spanning 16 years, all my friends were male and my only female interactions
outside the family was with their spouses. They even made fun of me saying I
would not know how to interact with women and make engaging conversations to
save my life. I believed so too, and was blissfully happy with very few women
as friends. When I finally gave up my job to start something on my own, my interactions
were limited to the families of my friends over the years and soon I was part
of the women’s group where I enjoy the company of the wives while my husband
talked shop with my ex-collegues who are now more his friends than mine.
The women in my family!
That’s when also something magical happened, I was suddenly exposed to moms of my children’s classmates, all thanks to Whatsapp. There has been no looking back ever since, I have had such a wonderful experience interacting with women. I have not come across any one back-biting or any negativity in the last few years. On the contrary I see us celebrate the victories of everyone, recognise that each of us have a different challenge and support and motivate each other.
What started with just spouses of ex-colleagues and school moms has now mushroomed into so many separate sets of friends – the fitness training group, the financial planning fraternity, I am now back in touch with my college friends. Life would not have been so joyous and secure if it weren’t for you. I now know how special these friendships are and recognise that this is an absolute necessity to keep my sanity and keep looking ahead.
A big thank you to all you women who have included me in your lives and accepted me for what I am. If camaraderie, unconditional acceptance, lack of envy and genuine warmth doesn’t deserve to be celebrated, then I don’t know what is worthy of a celebration. Cheers to many more years of togetherness and celebrations!
Our final Finwise Woman is Mrunali Majmudar Sathe, a successful corporate executive, someone who has worked at senior levels in the corporate world as well as has successfully run her own company. For her, money has always been a means to an end, towards achieving her ambitions and desires for her and her family.
Mrunali says,
“As a working woman I have always been
financially independent, driving many of our financial decisions of key
investments like house and big expenses as well. But as the kids grew up and I
took a year off on sabbatical, it struck me that one day I may not be able to
earn and the burden will fall on my husband alone or on our meagre savings.
Thats when I realised I needed a personal
financial advisor. Enter, Prathiba. I have ever been so grateful that she came
into my life. I can say that today my financial future is absolutely secure
thanks to her meticulous planning and coaching. All I do is follow her. I can
now even think of expensive college education for my kids which I had all but
given up on.
In a city like Mumbai if both partners don’t think and act alike to influence their financial status, it is difficult to thrive. Thanks to Finwise, I am wiser and in charge of my and my family’s financial future.”
We hope you enjoyed reading the stories of how these women took charge of their financial lives and went about building financial security and independence as a bulwark for their futures. It is never too late to begin and we urge all women to begin their journey towards becoming “finwise” today!
#finwisewoman # financialindependence #womensday
Finwise is a personal finance solutions firm that helps successful women gain financial and emotional security by helping them plan for their financial goals and achieve financial independence. For consultations, please reach me at prathiba.girish@finwise.in or +91 9870702277.
Today’s Finwise Woman is someone who is surrounded by aromas, both at her job and when she is not (her passion is to see the world)! Anusha Iyer is Creative Fragrance Director and is based out of South Africa with her spouse.
She says
“It’s been about 20 years since I started working and I’ve been managing not just mine but also our household finances till date. My goals in life were to have my own house, be debt free and travel the world. Successfully managed to achieve the first two and the latter is work in progress. Having become a travel addict and with a long-term goal of maintaining our current lifestyle I realized it’s time for me to up the game.With Finwise am looking forward to a great partnership to help achieve my dreams!”
Finwise Personal Finance Services LLP is an AMFI-registered mutual fund distributor. This website finwise.in (and the contact details given on this website) are of Finwise Personal Finance Services LLP. We do not, directly or indirectly, provide any form of financial assistance, lending services, or loan facilitation. We are not affiliated with, nor do we endorse, any digital platforms or applications—specifically including but not limited to “FinWise: Financial Assistant” or the website <fin-wise.co>—that purport to offer such services. Any unauthorized use of our trademark ‘FINWISE’ by third parties is expressly disclaimed and is currently subject to legal action. Users are advised to exercise due caution and verify authenticity before engaging with any financial service provider.
Somehow in our society, while it is an understood thing that a man needs to take care of his parents, it is not such a given for the woman. It is strange when you think of it, since equal share in property post demise of parents is accepted by all, while equal share in responsibilities not so easily so.
