Human Life Value (HLV) It is an income of summations as on date, presuming balance income to be earned in future till the Age of Retirement. How Human Life Value is calculated? There are two methods to calculate Human Life Value (HLV) 1) Income Replacement Method 2) Need based Method 1)    Income Replacement Method: Whatever income is used to support the family has to be replaced through Life Insurance to protect Future Income. 2) Need based Method Amount required to fulfill the family future needs and goals in the event of demise of the earning member.

  7 important Secrets for one of the Valuable Financial Asset 1)      There is only one solution for converting your Liabilities into Asset - That is the only one, which  i s Life Insurance. 2)    The one and only single Financial Asset which creates an Asset on the First Day up to your Total Sum of the Future Income in coming years by paying single installment - That is the only one,  which is Life Insurance.      3)      There is only one Asset which hurts no one and helps every one - The one and only, Life Insurance.  4)    It is the only one Asset which is Cash-less CASH, that is Life Insurance.  5)    Life Insurance is complete big Tax-free inheritance to the Next Generation.  6)    Life Insurance is a Truly Transparent Asset (Legal heirs need not necessarily be intelligent).  7)    Life Insurance is a Long Term Guaranteed Commitment for a Life...

 Be a winner in the game of investing just like Cricket The most important amongst them being strategy and a long term view.   * Physical Fitness = Investor Awareness Do your research before making any decisions. And, when in doubt, always consult a professional on what course of action to take.  * Team Selection = Asset Allocation Like a cricket team is made up of diverse players like fast and spin bowlers, batsmen, wicket keepers, fielders, etc. your portfolio too needs the right mix of asset classes like equity, debt, insurance, cash and gold to name a few. *  Game Plan = Risk Appetite Just as a player assesses his risk before playing, you too need to make the right preparations before investing. Determine your risk profile to decide how much to allocate in each asset class and whether the time is suitable to play hard or play safe.  *  Winning the Toss = A Good Start The toss plays a significant role and ensures a good start. In investing, an early...

 Rules of Wealth Creation-2 1) *50-30-20 Rule - about allocation of income to expense* Divide your income into 50% - Needs (Groceries, rent, emi, etc) 30% - Wants (Entertainment, vacations, etc) 20% - Savings (Equity, MFs, Debt, FD, etc) Atleast try to save 20% of your income. 2) *3X Emergency Rule* Always put atleast 3 times your monthly income in Emergency funds for emergencies such as Loss of employment, medical emergency, etc. 3 X Monthly Income.  In fact, one can have around 6 X Monthly Income in liquid or near liquid assets to be on a safer side. 3) *40%EMI Rule* Never go beyond 40% of your income into EMIs. Say you earn, 50,000 per month. So you should not have EMIs more than 20,000. 4) *Life Insurance Rule* Always have Sum Assured as 20 times of your Annual Income 20 X Annual Income.  Say you earn 5 Lacs annually, you should at least have 1 crore insurance by following this Rule. 5) Rule of 144*  No of years it takes to double your money a...

  Rules of Wealth Creation-1 1) *Rule of 72* No. of yrs required to double your money at a given rate, U just divide 72 by interest rate Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs At 6% rate, it will take 12 yrs At 9% rate, it will take 8 yrs 2) *Rule of 70* Divide 70 by current inflation rate to know how fast the value of your investment will get reduced to half its present value. Inflation rate of 7% will reduce the value of your money to half in 10 years. 3) *4% Rule for Financial Freedom* Corpus Reqd = 25 times of your estimated Annual Expenses. Eg- if your annual expense after 50 years of age is 500,000 and you wish to take VRS then corpus with you required is 1.25 cr. Put 50% of this into fixed income & 50% into equity. Withdraw 4% every yr, i.e.5 lac. This rule works for 96% of time in 30 yr period

   8 Laws of Wealth First Law: Keep a part of all you earn. Save at least 30% of your Income. Second Law: Put your savings to work for you. Invest it so it will multiply.        Third Law: Secure your future earn-able  Income by the only way of Life Insurance for your Family’s future Life style, needs and wants. Forth Law: Avoid Debt / Loan. The poor people pay interest while the Rich people earn interest.       Fifth Law: Don’t speculate in get rich quick-schemes. Invest in a solid business that is for long term. Take an advice from Financial Advisor.       Sixth Law: Invest in yourself. Gain knowledge and skills for increase your earning power. Seventh Law: Diversify your Assets. Have multiple passive streams of income. Eighth Law: Prepare Will or do estate planning.