Let's Talk Money with Monika Halan Maed in India

We’re back with a new episode of practical financial advice to help you make informed decisions about your money!

In this episode of Let’s Talk Money, Monika explores how to build financial security for your child's present and future. Learn the importance of putting in place your own  life cover and your medical insurance, as well as the necessity of drafting a Will. She also discusses smart investment strategies, such as starting an index fund and a monthly SIP for higher education. Tune in for essential advice on securing your family's financial well-being.

Monika also tackles your questions about flexible travel investment options, the flow between income and investment accounts, and achieving long-term financial goals amid potential tax changes.

Chapters:

(00:31 - 05:03) Financial Products for your Child

(05:16 - 10:21) Short Term Investment Options

(10:23 - 12:49) Cash Flow in the Three Account System

(12:51 - 16:12) Navigating Tax Changes

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

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 unravels the backstory of the National Pension System (NPS), tracing its origins from the OASIS Project committee to its implementation by the Indian government. Learn how the NPS emerged as a defined contribution, low-cost scheme to address old age security concerns, particularly for those outside the organised sector. Discover the intricacies of the NPS, its investment options, tax benefits, and considerations for individuals seeking long-term financial stability. Tune in for practical advice on navigating the complexities of retirement planning with the NPS.

Monika also answers your questions about money back and endowment policies, and whether you should opt for a regular plan or a direct plan while investing!

Let’s Talk Money is coming back from break soon! The next time you tune in, we’ll have a whole new episode for you. See you soon!

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

(00:47 - 06:10) Is NPS the Ultimate Retirement Solution?

(06:21 - 14:25) What Should I Do With My ULIPs, Money-Back & Endowment Policies? 

(14:28 - 17:41) Regular Commission Based Plan vs Direct Plan

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

NPS is a good product that lives in a bad market

https://www.monikahalan.com/indias-retail-finance-market-is-a-commission-driven-sales-push-market-that-has-replicated-the-lessons-from-the-packaged-consumer-goods-industry-with-disastrous-results/

Monika’s columns on life insurance

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/

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

Life insurance calculator

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

https://investor.sebi.gov.in/calculators/Married_with_KidEarners.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, 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