Unrest In Middle East what to expect in GOD's Own Country "Prevention is better than Cure".

Kingdoms are vanishing in recent times, unrest in middle east as a result what will happen to Kerala. Many people will not show keen interest in talking about Kerala at this juncture. But the reality is far different.  Is gulf country depending on Kerala? Or Kerala depending on Middle East?  The answer is obvious Kerala depends on gulf. Now the competition is stiff, there are plenty of qualified personnel available from across the globe to work in Middle East.  The sad part the Benz,  BMW,AUDI, Jaguar and what not that runs in Kerala roads is fuelled by gulf money. The flats with all facilities including a facility for landing a helicopter (still can’t justify myself how in palazhi calicut people come home by helicopter.)

Back to basics. Few do's and do not's 

• Maintain an emergency fund which will help you to meet at least 3 months expenses. If not maintaining start saving today for creating the fund
• Spend after you earn. It sounds silly but in the present world of plastic money irrespective of earnings we spend. Maintain savings of at least 30% of your income.
• One task that you need to do now itself is go and check all your investment documents you have made so far. Maintain a folder for your investments. Try to understand the products. Research proves that 90% of insurance and mutual funds investors are not aware of the product in which they invest.
• If time is a concern select a qualified financial planner who can help you out.
• Understand what you are investing for, keep end in mind or else it does not make sense. its like you in railway station without knowing where to go.. So any train is ok for u... u may end up reaching Mumbai or may be trivandrum. 
• Keep your spouse informed about the investments you make.
• Do not buy things that you do not understand. There are smart sales people around who can sell anything by confusing you.
•  Do not invest just by looking at name. Most of the children plan is not meant for children. Do not fall into Jargon trap and emotional selling.

Even though we started with gulf crisis nothing more on that is discussed here. The idea is to make readers understand the importance of financial planning. If you plan properly irrespective of the economic conditions crisis or recession you will be safe and secured.Your comments are valuable do share your views.

on a lighter side.. Fun and financial planning

Suze orman youtube posting . 156962 views. Just go through the comments

It happens not only in India Part 2....Sad story of a insurance customer.

How bank executives take your money for a ride..

What banking system.. Interesting and shocking story from ICICI. Poor depositors.

Who is responsible for wrong selling of financial products?

All of us want to create wealth, have to enjoy a good lifestyle and everyone agree that money is an integral part for a joyful life. The sad part is when it comes to investing money people are not open for options, open discussions and clear communication. Investors widely have a perception that if the person who is selling the product comes to know that investor doesn’t have much knowledge about the product its shame. So the investor will restrict his questions with his advisor and make investments. The other category of investor is who feels that he knows everything about finance and investment and doesn’t require any advisor. In which category you belong to? Both this options will lead to wrong selling. Let’s see how?
Who is an advisor? What is his job? Why should he come to you? If you can answer this question half of the job is done. An advisor is a qualified person (HUMAN), His job is to sell products, and He is coming to you to make money for his living, and working under pressure from his boss. If you don’t ask questions you are giving him an option to sell u a wrong product which doesn’t suit your requirement but he is getting more commission and chances for a foreign tour from his employer.
If you invest by your own methodology and using your advisor as a courier boy you may miss some good opportunity or product which you may not know. In mutual funds there are almost 3000 schemes to choose from, in insurance there are several companies offering various products. For a normal person it will be difficult to find time to understand all the products, all of us has our own work tensions and a person working in software will be expert in software but not always expert in personal finance, so it’s always better to have a professional to support in achieving your financial goals. Do keep this in mind.

Ask your advisor how much he earns by selling the product
Don’t be in a hurry. Wealth creation is a long term process.
Don’t sign blank documents
Avoid signing power of attorney to your broker
Always keep in mind wealth creation is a long term process. No shortcut available.
Never invest in a product by its name( Children plans in reality is a normal endowment plan)
These are few things you need to keep in mind before making any investment decisions. I believe wrong selling can be avoided or restricted only if the investors are educated. The mantra is the person who is selling is here to make his living better you ensure that you live and let him live his life.