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Women empowerment: Achieve financial freedom
March 6, 2009
Komal Shah, 23, who is working as a research analyst, walked into my office to plan her finances. She had just started out on her career and was keen to conduct investments which would ensure that she optimised on taxes and attained financial freedom at the age of 40!
Her salary stack is as sketched in Table 1:
She filled me in with key details mentioned below:
Single, stayed in a PG paying a rent of Rs 2,000 per month
Supported parents by sending Rs 4,000 per month
At the behest of her father, she had availed of an LIC policy for which she paid a premium of Rs 7,500 per annum
Currently, she managed to save a decent Rs. 8,000 per month (post-expenses) and was now seeking help to prudently invest the same
Text: Anil Rego. The author is a CFA-PGDBA and the founder & CEO of Right Horizons, an end-to-end investment advisory and wealth management firm.
Also see: Yoga for women
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