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Super talk with Manvi Tiwari (https://m.facebook.com/manvipant.2015) on women, money and how to handle stress!
Here is a short intro:
https://bit.ly/31ln8Ax
And here is the interview:
https://women2watch.net/monika-halan/
The video:
video.fdel11-1.fna.fbcdn.net/…/104418427_270675327520213_6288987542104285376_n.mp4
and the article here:
Updated: 24 Jun 2020, 12:28 PM IST
From covid-19 pandemic to meteor shower, 2020 has been a year of unprecedented events. In this special series of Money with Monika, personal finance expert Monika Halan explains the process of writing a will and how it can be transformative for you and your family. Watch the full episode for Monika Halan’s advice
We’re at the stage in the covid-19 journey where the fear of death is fast getting replaced by the fear of the healthcare system—at least in cities like Delhi that have seen flip flops by the state government and very poor use of the lockdown days to plan for the expected peak in June. The safety protocols that were in decline got a revisit as we got to know of people around us who got the disease. Their horror stories of dealing with the healthcare system scared us right back to self-isolation and the ritualistic cleaning and disinfecting after every visit outside the house.
But once fear sets in, it is difficult to shake off. The number of people pinging, mailing and calling me to figure out their Wills grew as our own taken-for-granted mortality became a question mark. Even if the disease does not kill me, joked a friend, the healthcare system in Delhi will.
In which Sanat Shirivastava, Host of Ecoholics talking to me in an interview.
I don’t know about you, but as an Iyengar Yoga practitioner, every time I see the weird distortions of yoga posture names—criss-cross applesauce or downward facing dog—I cringe. Some Indians, who know how to perfectly pronounce words in English, Latin and French, mock at others who can’t get the right accent and intonation of foreign language words, seem to be totally fine with not just mispronunciation of yoga postures like swastik asan or adho mukh svanasan, but with them being given totally new names. If calling a croissant a kekeda roti is silly, it is far sillier to distort names of asans that are a few thousand years old. Well, at least it feels silly and facile to some of us who are yoga purists.
But this was not meant to be a rant about what the postures are called by yoga wannabes, but about how yoga and financial fitness share the same lessons for our physical and financial fitness! I’ve found great synchronicity between my yoga practice and financial planning and I want to share some of these with you.
In which I discuss why investors behaved the way they did in equity and debt as the pandemic induced lock down began.
What needs to change to build confidence in the debt market?
Why does India not have a good corporate bond market?
And what are the prospects for the Indian economy ahead – recession or swing back?
Catch the video here:
Money with Monika, The Corona Conversations
S4 E 13
6 lessons I learnt from the pandemic about my health and money.
1. The month need not cost so much. Everybody can save if in Covid-19 mode.
2. Emergency fund is a lifeline, build it according to age and stage.
3. Markets go up and down, not you.
4. Implement your age and stage asset allocation, don’t just understand it.
5. Write a Will – your net worth is not protection against falling ill.
6. Do an SIP in your health. Workplace will chew you up and spit you out.
@livemint
https://www.livemint.com/…/opinion-six-money-rules-i-learnt…
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We are now lockdown veterans. We quickly learnt to survive a new situation and most people made the best of it—that is the human spirit, we are determined to live, despite saying otherwise. There are six lessons from the way the pandemic has affected our health, income, wealth and prospects that I want to share. I must admit that in all the years of writing about, planning for and going through rough events, this is something that I never took into my own calculations. So while the big broad rules remain firmly in place, there are finer nuances and learnings. Here are the six things I learnt while still a quarter of the way through this pandemic.
One, it costs very little to live. When the first full cycle credit card bill came, it was a fraction of earlier bills and I am not a spendthrift. But travel and work seem to add to the bills. Petrol costs were down to zero, bills around eating out, clothes and entertainment were all zero. When just the basics are being bought, I found that the month costs very little. Of course, you need to be debt-free for that to happen. Our saving capacity is much higher than we thought. This is especially true for people who had earlier thought that they had no capacity to save. The rising bank FDs tell their own story as more and more people salted away their savings into FDs over the past two months. Once we are out of this, remember that the lockdown mode is there to target a higher saving rate whenever you desire.
The retail investors in India lurch from crisis to crisis, made worse by the pandemic. The reason that the same problem recurs has to do with broken market places and redress system than anything to do with investors behaving ‘wrongly’.
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