Let's Talk Money with Monika Halan Maed in India

On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it. 

Today, Monika unravels the crucial distinction between saving and investing, emphasising why they should never be used interchangeably. From understanding the basics of savings to exploring the potential of investments across various asset classes, she delves into the transformative power of transitioning from savers to intelligent investors.

Also, she answers your pressing questions about how much is enough for a retirement kitty if you have kids, how to get out of a crippling debt cycle, and whether you should opt for an education loan or let your parents cover your expenses.

If you’d like to go back to the original featured, click the links below:

(00:46 - 05:18) Evolving Towards Smart Investments

(05:25 - 10:57) Calculating My Retirement Corpus With Kids 

(11:00 - 16:14) Getting Out Of A Debt Trap

(16:16 - 17:30) Opt for an Educational Loan or Let Parents Pay?

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com 

Retirement Calculator

https://investor.sebi.gov.in/calculators/Visual_Gold_Planner.html

https://investor.sebi.gov.in/calculators/Assets_Allocations.html

William Sharpe’s Article

https://www.barrons.com/articles/william-sharpe-how-to-secure-lasting-retirement-income-51573837934

Monika’s columns dealing with being in debt and taking loans

https://www.monikahalan.com/new-rules-are-needed-to-stop-predatory-lending/

https://www.monikahalan.com/opinion-why-you-should-keep-paying-emis/

https://www.monikahalan.com/five-years-into-the-base-rate-system-it-seems-that-even-the-move-to-a-base-rate-system-has-not-worked-in-rate-transmission/

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Kartik Kulkarni

Artwork: Alika Gupta

On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it. 

This week, Monika dives into the age-old debate: Should you rent or buy a home? Exploring generational shifts in home ownership patterns and debunking conventional wisdom, she navigates through the complexities of EMIs, down payments, and fixed versus floating interest rates. 

Monika also answers your questions about what to consider when you’re opening your first bank account, how to decide how much you need in your retirement corpus and build towards it, and investing in India as an NRI. 

If you’d like to go back to the original featured, click the links below:

(00:47 - 05:21) Should I Buy Or Rent?

(05:29 - 09:56) Opening Your First Bank Account 

(09:59 - 13:44) How Much To Put Away For My Retirement Kitty?

(13:46 - 16:06) Investing in India with an OCI Card

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com 

Monika’s column on the rent or buy question and real estate valuations

https://www.monikahalan.com/at-current-market-prices-where-the-rental-yields-are-just-1-2-renting-is-clearly-better-than-buying/

https://www.monikahalan.com/no-the-metrics-are-saying-it-is-still-strongly-overvalued-but-the-answer-depends-on-your-view-on-how-strongly-black-money-will-remain-in-the-indian-system/

Retirement Calculator

https://investor.sebi.gov.in/calculators/Visual_Gold_Planner.html

https://investor.sebi.gov.in/calculators/Assets_Allocations.html

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Kartik Kulkarni

Artwork: Alika Gupta

On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it. 

Today we’re talking about medical insurance and the pitfalls of purchasing policies without understanding the fine print. We have a checklist that will help you find the right medical insurance plan - helping you understand how to balance premium costs with comprehensive benefits, navigating co-pay clauses and pre-existing disease coverage. Tune in as we demystify the intricacies of medical insurance and help safeguard your financial well-being in times of medical emergencies.

Monika also answers questions about how to build financial fitness as a gig worker, how to manage joint expenses with your partner when you move in together, and how to plan your expenses when raising children.

If you’d like to go back to the original featured, click the links below:

(00:46 - 06:43) When Opting For Medical Insurance

(06:48 - 10:05) Managing Income From Multiple Sources

(10:08 - 12:10) How Should I Think Of Joint Finances?

(12:12 - 20:36) Costs Of Raising Children

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com 

Monika’s columns dealing with health insurance

https://www.monikahalan.com/the-mint-securenow-mediclaim-rating-does-the-grunge-work-for-you-and-trawls-through-some-400-data-points-to-bring-you-a-shortlist-of-policies/

https://www.monikahalan.com/differential-pricing-is-the-way-any-industry-with-high-fixed-costs-behaves-but-that-does-not-seem-fair-in-health-care/

https://www.monikahalan.com/thats-why-we-have-the-mint-securenow-mediclaim-ratings/

Monika’s columns on issues relating to money and kids

https://www.monikahalan.com/put-your-kids-picture-on-deposit-but-keep-it-in-your-name/

https://www.monikahalan.com/bringing-up-rich-baby-some-parenting-possibilities/

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Kartik Kulkarni

Artwork: Alika Gupta

In this episode of Let's Talk Money, host Monika Halan dives deep into the pitfalls of bundled life insurance products, urging listeners to steer clear of these financial traps. She reveals how traditional plans like money back and endowment policies prey on investors with deceptive sales tactics, hefty surrender costs, and paltry returns. With a critical eye on regulatory shortcomings, Monika empowers listeners to protect their financial interests by steering clear of bundled insurance and opting for more transparent investment options. 

From optimising investments for multiple goals to opening a PPF account for a child, no topic is left untouched. Monika also answers your questions about strategies for lump sum investments versus SIPs, along with considerations for emergency fund placement. Join us for invaluable insights into navigating the complexities of personal finance.

Chapters:

(00:31 - 05:00) Are Bundled Life Insurance Products Any Good?

(05:15 - 08:37) Different Funds For Different Goals?

(08:40 - 10:19) Opening a PPF Account For Your Child

(10:21 - 11:31) Lump Sum Investments vs. SIPs

(11:33 - 13:07) Where to Allocate Emergency Funds?

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com 

Why is there a bad smell about life insurance in India

https://www.monikahalan.com/the-very-high-front-incentives-are-triggering-massive-mis-selling-and-fraud-in-life-insurance-i-worry-that-as-the-unbanked-now-get-into-the-formal-financial-system-we-are-setting-them-up-for-financi/

 

Smart people don’t buy money back life insurance

https://www.monikahalan.com/opinion-smart-people-dont-buy-money-back-life-insurance/

The insurance regulator’s 70’s mindset is not serving the purpose in 2020

https://www.monikahalan.com/the-insurance-regulators-70s-mindset-is-not-serving-the-purpose-in-2020/

 

Signs of market failure in life insurance

https://www.monikahalan.com/signs-of-market-failure-in-life-insurance-the-hindu/

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta

As tax-filing season approaches, Monika breaks down the basics of capital gains tax. She unravels the distinction between income and profits, shedding light on how different asset classes are taxed. From real estate to stocks, learn about the holding periods that determine whether your gains are classified as short or long term, and discover the varying tax rates associated with each. Monika also dives into the concept of indexation, demystifying how it can help mitigate tax liabilities by accounting for inflation over time. Plus, find out what options are available if you incur losses, including set-offs and carrying losses forward to future years.

For the disciplined investor seeking to refine their portfolio, Monika shares strategies for optimizing asset allocation and diversification. Monika also provides a roadmap for breaking free from the shackles of debt. From seasoned investors refining their strategies to individuals grappling with debt challenges, this episode offers practical guidance and expert insights to help listeners overcome financial obstacles and build a secure financial future.

Chapters:

(00:31 - 04:27) Unpacking Capital Gains

(04:45 - 08:33) Asset Allocation Strategies

(08:37 - 12:38) Reconfiguring Your Portfolio

(12:40 - 14:44) Roadmap to Debt Freedom

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com 

How to Inflation Adjust Your Asset

https://incometaxindia.gov.in/Pages/utilities/Cost-Inflation-Index.aspx

Index List on the NSE

https://www.niftyindices.com/indices/equity/broad-based-indices

Calculator for Tracking Error

https://freefincal.com/index-fund-tracking-error-screener-feb-2024/#:~:text=The%20lower%20the%20tracking%20error,screener%20hopes%20to%20change%20that.

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta

Join Monika Halan on this insightful episode of Let's Talk Money as she delves into the world of equity investment. From understanding the fundamentals of equity ownership to exploring the dynamics of stock markets, Monika breaks down complex concepts into digestible insights. Uncover why equity is more than just a financial asset, and how it acts as a gateway to building real wealth and financial independence.

From young professionals starting their careers with queries about investing their surplus income to individuals in their 40s looking to secure their and their children's future, Monika provides practical advice tailored to each situation. Tune in to gain insights into building a solid financial foundation and navigating the complexities of personal finance with clarity and confidence.

Chapters:

(00:31 - 06:34) Fundamentals of Equity

(06:47 - 08:14) Building Wealth from the Ground Up

(08:17 - 11:06) Financial Security in Your 40s

(11:08 - 13:30) Guidance to Support Aging Parents and Plan for Marriage

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com 

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta