Expense Account, Mint
A friend worries about not doing enough for her daughter. The daughter’s now married and has a girl of her own. The single mum, my friend, periodically calls up to ask what she should do for her daughter. Of late the calls have been more frantic. She’s afraid that she’s been left behind in the real estate boom and is chasing the multi-bagger that has eluded her. People all around her have made huge pots from smart real estate investing and she’s just not done anything. A self-employed person who lives off her own small business, she wants to give a good start to her child. Egging her on is the Rs.30 lakh sitting in her bank account telling her to go ahead and do something bold. I ask her three questions. One, if you stop working what will you live on? Two, do you have the energy and patience for the run-around that land requires? Three, do you really need to do more for your child than you have already done?