Remember it is not how much you have,
What Matters more is how much control
You have.
How It works ?
1.Financial Chart,What do you have and how much
you spend,an Audit,Bank Interest working.
Taxation details
2.Bank Legal Details like how do you identify yourself
in bank.On line access ,security,insurance,legal details.
3.Retirement Planning.
4.Investment options,Hedging.Guarding against inflation.
5.New Legal identity proof options like DNA.
6.Insurance Health,Property,Accident,can credit cards
be insured?Emergency funds.
6.The Dark Side,Identity theft,Signature fraud.
Step 1.
The Financial Chart ,the Treasure Map.
First step is to make a list of all what you
have, this would be the most important step.
Your Financial Assets :
A.Bank deposits.Stock,Mutual Fund investments.
B.Property,House, any form of Land.
C.Gold or any Jewelery.
D.Others.
A thorough Audit should be done,the Audit
could be done initially by you and than maybe
a Professional used.Freelancers financial
professional can be found on Orkut and
other sites who hardly charge a dime.
A detailed report created should be printed
out filed and it should be in a very easy to
understand format.Each and every detail
should be included like how Bank interest
works and how Taxation affects.Each and
every member of the Family should be well
versed in this Report.
Things to consider would be like if I have
a lot of Gold at Home is it insured against
theft, or am I following the Stocks I have
invested money in ?
THE MAIN STEP IS THIS THE FIRST
ONE A DETAILED REPORT SO THAT
EVEN A KID CAN UNDERSTAND IT.
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