Do not step forward without proper advice: A couple’s horrifying tale

Nothing looks sweeter but a couple, who got into each other since college days and ended up getting married. Travelling under the night sky, stars blinking billions of light years away, and head rested on his shoulder, silent look into each other’s eyes with no one to bat eyes on them. Automatically a rendition of soulful piano and violin starts playing inside – a story about two young adults as they grew up together making memories. Ranjan, a banker married Tia, a digital marketing executive and are happy when a blessing news wrapped the couple in felicity. Tia was pregnant and she had plans for their future. Let us get into the accounts of one of her horrifying tales.

“I knew that having our first child meant that getting life insurance should be a top priority for both me and my husband. We researched policies, got a quote for an affordable term life insurance policy and had our medical exams. Imagine my surprise when, a few weeks later, the agent called me back and told me my new adjusted rate.

The cost of my policy had gone from a reasonable monthly fee they had quoted me—to nearly four times that amount. The reason, he said, was that my cholesterol levels were high. I called my doctor in a panic. Cholesterol levels always spike during pregnancy, she reassured me, and they probably will not be back to normal until a few months after you give birth.

After doing some research, I found that it is nearly always better to get a life insurance policy before you get pregnant to avoid potential price hikes brought on by temporary conditions during pregnancy. While some companies account for the fact that I gained weight due to the pregnancy, factors like higher blood pressure or postpartum depression can also affect your ability to get the best rates.

Now my daughter is three months old, and I am still waiting for my numbers to dip before starting again. I really wish I had known to start this process when trying to conceive instead.”

A blunder can harm people so much, maybe a lifetime. Therefore, it is better to take an advice before vouching for personal choices. Contact, Moneymindz, the best free financial advisory services. An advice should pass rather than keeping to oneself.

For More Information 

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

Health Insurance helped a couple from ruining their trip.

We all love to Travel and for most people overseas travel is a wonderful and enriching experience, however being the unpredictable nature of Health, misadventures whilst on holiday do sometimes occur. The following are just an account of a real life couple who from real Insurance customers were having comprehensive Health insurance has really paid off - with Moneymindz Insurance advisory service even when they are a million miles from home, but never far from care.

Rahul and Rani travelled to Bogota in Colombia to visit their son and his partner who are working respectively in Colombia as an archaeology professor and as a History teacher at an international university.

A couple of days after arriving in Bogota, Rahul woke at 2.50am in the morning with severe lower-back pain and stomach cramping. After a couple of hours of excruciating pain and no improvement, Rani decided the time had come to call a taxi to take Rahul to a medical clinic which was nearby the university where their son and daughter-in-law teach.

Shortly after arriving at the clinic examined Rahul, one of the clinic doctors provided him painkillers. An urologist also examined him a few hours later stated that Rahul was suffering from kidney stones.

Once the diagnosis had been made, Rahul immediately contacted his old advisory service Moneymindz, where he was quickly advised what to do. While at the clinic, Rahul received a series of follow-up phone calls from operators at the Moneymindz advisory service for an insurance to whom he assured about his treatment. They reassured him that he was receiving appropriate treatment.

He made several visits to the clinic for pain relief and asked an urologist for a CT scan. Thankfully, the stone passed and Rahul's health improved without the need for surgery.

After getting the all clear, Rahul and Rani continued their trip to Bogota.

Arriving safely back in India, Rahul is very grateful he had Health insurance. "The comprehensive Moneymindz, best financial advisory service fulfilled its role and expectations in every respect and the claim was speedily and fully processed after the trip".

For more information :

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

Simple examples of investments with refer to some Big shots’ life mantra

Tennis is the toughest sport and completely depends on hard work. There is no way around the hard work so aspirers have to embrace it. The mantra is we have to put in the hours because there is always something we can improve. We have to put in a lot of sacrifice and effort for sometimes little reward but we have to know that, if we put in the right effort, the reward will come. Same thing works for an individual, who, does not necessarily have to work hard but need to discuss about what kind of investment they have keen. Looking for something befitting and rewarding, one must strive to achieve it.

“Laziness is not merely a physical phenomenon; it is about being a couch potato, stuffing your mouth with fries and watching television all day. It is a mental thing, too, and that is where I have never aspired. In the world of creativity, laziness translates into an inability to be rigorous enough to create fearlessly. It makes us plagiarise or water our creativity down to make it more acceptable to the public “a renowned Indian film star quoted. He is now the richest Indian superstar and joined the ranks of others in world’s top 20.

Therefore, the reason to quote this is to rectify people with laziness who thinks of investments only in top companies without having practically any knowledge. People are too lazy to learn and gain financial literacy rather they depend upon top-notch agents from big companies.

Compared to other talented players in his generation, his early life was a struggle through state and junior cricket teams when he finally accepted in the national team. Later as a Captain of the Indian National Team, he would profoundly be honoured for his successes and alternatively vilified for his failures. The secret of his ability to keep moving on through the ranks to ultimate success without falling prey to over confidence and criticism lay in his ability to step back and analyse what went right and what went wrong each time.

The only difference between this quote and me saying is Moneymindz will struggle to get you the perfect investment. Never fell prey to overconfidence and depend on some multinational or renowned company for investment. Play safe and swiftly.

For more information, contact Moneymindz, the best free financial advisory service.

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

Common Tax Planning Mistakes People Do In A Rush! Be Beware

The main part of tax planning, allows the tax payer to utilise various tax freedom, deduction, and the advantages to minimize tax liability in a particular financial year. There is a saying by a famous personality “In this world nothing is certain, other than death and taxes”.

Moneymindz is top in offering personalized financial guidance to customers in India. Our team of financial advisors are the best in India.

Many people are clueless about the danger of not doing tax planning in India. It is the key quality of the overhaul financial planning and must be planned in a logical fashion. When we are working in companies, we get email from finance department staring that some documents must be submitted to avoid getting taxed. Some people respond to the query, and some ignore the email.


Common Mistakes Done By People Relating To Tax Planning in 2017

Disregard Expenses That Are Tax Exempted: Many people do not know that expenses incurred relating to children tuition fee, insurance premiums, house loan, house rent qualify as the main tax deductions. They do not submit the required bills and end up on the losing side.

Too Much Of Investments In Equities: Most of the investors/customers like to invest in the equity linked savings certificate, offered by mutual funds. This will qualify for tax deduction under Section 80C. The mistake done by the Investment In Equities are as follows:

• Huge investment of money at once.

• Wrong time in doing investment.

• Investing huge amount at end of year.

Hence, it is advisable to distribute the investment through the entire year.

Investment For Saving Tax: 

 You want to save lot of money to save the tax in India. Sometimes, you will take inappropriate judgements and it impacts the tax planning. You must be careful in making the investment in Mutual Funds, Insurance Plans, Shares, Stocks and other financial products.

Investment In Endowment: 

When you go to bank during tax seasons (April—March) the executives try to sell financial products. Most of the people, do not understand that schemes like the endowment plan is a long term financial plan, having maturity of 10-20 years. Some part of the endowment plan goes towards mortality charges and distributor commission.

Investment Done On Advice: 

One hears a lot of advice from your friends/colleagues regarding financial products. People like financial advisors, certified financial planners, mutual fund advisors, money managers, insurance agents, relationship managers will sell financial products. Furthermore, they attract customers and most of them take financial products not knowing pros and cons. This is matter of great concern and must be resolved.

Investing In Incompetent Scheme: 

The people in India make the error of investing in long term fixed deposits, insurance, National Savings Certificates (NSC). The interest earned on the Fixed Deposits and NSC is very taxable. One must always go in for the products like the Investment in PPF (Public Provident Fund), that comes under tax deductions, and the interest earned is tax free.

So, please be well-organized and have lot of data, to avoid the mistakes, while investing to save tax.

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

How to Invest safely on Stock Market?

                    

Stock markets are a complex system comprising of indices, primary and secondary markets, IPO, etc. which is a long trench consisting of vast information, a single person might find difficult to understand. Investing in the stock market is a way to make more than just a little extra cash. In fact, with the right approach and the right skills, investing even a little in the stock market can put you on the road to earning millions. Becoming a stock market millionaire is not an easy task and it will not happen overnight. If you want to become a stock market millionaire then here are the most proven tips to reaching your goals and the earnings you have always wanted.

1) Focus on Hot Stocks Hitting New Highs - 

Do your research, look into their patterns and place your focus on stocks that are already growing. As you get started with your stock market dreams, make sure to focus on hot stocks wing as you plan to stick with them until they reach new heights. Do not look to stocks hitting new lows.

2) You Can Buy and Short Sell -

There are some people who think they need a bull market to get rich. This is not the case. Do not ignore short selling. You do not have to hold on to a stock for a long time to earn a profit. Just look at the success some day traders have; they are the epitome of earning off short selling.

3) Chop Your Losses Quickly - 

If you want to be successful in the market, take your ego completely out of the situation. If you face a setback, cut your losses and move on fast. Do not dwell on your failure, but instead look to the future. You are going to fail, so be prepared and just be ready to move on.

4) Do not Be Afraid to take profits either half or completely - 

The thing about your earnings is that - they are not really profits until you take them. Do not be afraid to take partial profits or take profits too quickly. The market changes fast; it is OK to get out when you feel it is right and take the profits that you can.

For more information and interest on stock market, contact Moneymindz, the best free financial advisory services.

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

Car Insurance: Two-wheelers can either lift up your spirit or fix your spirit for terrorizing

                                     

                                

The winter made the evening darker and gloomier. The valley, filled with mist, thicker and denser, seemed made it deeper and darker. The moisture got into everyone’s throat nostrils and most of the children came down with fever.

Haggard’s crossing in the valley is a cold and unfriendly place. It is a four point crossing where tired travellers stopped to take rest. However, this place in the valley was not comfortable as most of the people avoided it due to unfortunate circumstances happened before. The deep and dark valley filled with dense mist obliterated the serene beauty. The local people narrated that some horrific road accident happened at a winter night at Haggard’s crossing and the spirit of the deceased still rambles on frightening travellers who pass-by.

Joy lived at the head of the valley alone. He is an exceptional guitarist, stayed all by him only except when the neighbours called for supper or asked him for a glass of wine and play the guitar. His old friend Arun and his wife for a celebration asked once Joy to come over to play the guitar and have supper. He assured whether anyone in his locality will be going as the valley was not safe at night and he needed lift. Everything sorted; Joy reached on time and started tuning on his strings, consumption of food and drinks happened to be in vast quantity while energized guests kept on dancing. When, joy rose up from the floor it was past midnight and his companions were gone leaving him alone. He felt heavy on his head and waved a drowsy farewell before leaving for home. There were two roads leading to his home, one being the avoided Haggards crossing. The other road saw a landslide and Joy was left with no option other than taking the shorter and dangerous route. By the time he reached the crossing, he seemed fresh. The cold winds have robbed him off his drowsiness. Adding to that, he spelt a chill down his spine when he started hearing voices.

Now, the villagers say they are literally afraid of taking the road as everybody can see two forlorn figures on a moonlit night.

Get unbiased advice how to Insure your car and drive safely. Joy did not have a vehicle but the person killed there was a drunkard, driving. Have some responsibility because we do not expect you to frighten people by becoming some wandering spirit. The premium paid for car depends on Insured Declared Value.

For more information and queries for insuring your car, contact Moneymindz, the best free financial advisory service.

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

#SPEND #SAVE #AND #INVEST_SMARTLY

Tax scenario after demonetisation...

The Central Board of Direct Taxes has cracked down on 18 lakh people who made suspicious deposits of over Rs 5 lakh during the 50-day demonetisation period, as part of its Operation Clean Money. Here is how taxmen are expected to further investigate these possible cases of black money and tax evasion.

Individuals

1. Individuals are exempt from verification for deposits of up to Rs 2.5 lakh (other than minors). No verification required for deposits of Rs 5 lakh for those over the age of 70 years.

2. In case of cash receipts from exempt income such as agriculture, officials will verify these against earlier returns. They may also seek information on land holdings, etc.

3. I-T may seek bank statements to cross-check individuals' bank withdrawals.

4. Those claiming cash receipts from third party as 'gifts', may be asked to pay tax.

5. No need for additional information for those in business if cash holdings are lower than level at the end of March 2016.

Businesses
1. Assessing officer will verify if cash transactions are in line with normal practice by seeking data on monthly sales, stock register entries, bank statements.

2. Investigators will look at abnormal jump in cash sales during November-December 2016 and tally it with sales history.

3. More than one deposit of scrapped Rs 500 and Rs 1,000 notes closer to Dec 30 deadline may trigger attention

4. Non-availability of stock or attempts to inflate stocks by introducing fictitious purchases will also attract scrutiny.

5. Transfer of cash deposits to another entity or account which is not in line with earlier history may invite queries.

To know more about taxation and how to save income_tax

For More Information:

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

A Husband-Wife conversation.You will be shock to know what happens Next!!

Aritra and his wife Simran are discussing their financial plans. Aritra is convinced about buying a term plan while Simran is not sure how it will help. She sees it as an unnecessary expense, especially because there is no maturity benefit. Let us see how the discussion goes: 

Aritra (bleak face): simran, I have learnt about #term_plan from Moneymindz – the best financial advisory service In India . Term plan is broader in form and suitable for our #financial_protection. It offers a large cover for a small premium. I think it makes a lot of sense. 

Simran (Quizzical): What does that even mean? Say, if you invest Rs. 20,000 a year, how much money will we get back and when?
Aritra (mild): Let me clarify that a term plan is a pure protection plan, which means that I pay a premium for a fixed number of years, say from now until my retirement age, and get a life cover for that tenure. Suppose, if something happens to me, you will get the cover amount. Otherwise, once the term ends, we will not get anything.

Simran (sardonically): Did you mean that we pay for 30 years, which means about three lakhs, and then not get anything back? Let us put the money in a fixed deposit or a recurring deposit at 8-9% return so that we can get back at least some money after 30 years!

Aritra (alluring): I understand how this looks to you. You must always think in long-term. Imagine that even if we get back the entire premium after 30 years what we will buy with just three lakhs, which will not even last for 3 to 4 months! On the other hand, a term plan will pay you the promised money in case of my demise, anytime during the entire policy term. This means that even if I die after paying a single premium of Rs. 10,000, you’ll get the assured entire sum of one Crore. Now how does that sound?

Simran (deadpan): Why do you always talk like that? You are fit and healthy. Nothing will be wrong with you.

Aritra (pouting): Well, of course darling, I am healthy today but life is uncertain. What if something happens to me and I do not want to leave anything to chance. With a term plan, I can die peacefully as I have assurance that even if I am not here, you will have enough money to take care of yourself. Besides a term plan is not very expensive and once we avail the plan, the premium does not change for the entire term. Besides, never consider it as an expense, it provides us worth much more than a few thousand rupees a year. A suitable cover will help you meet all types of expenses - from household expenses and rentals to EMIs and school fees for our kids.

Simran (smiling): I understand this now. I always knew you were smart.

Finally, Simran understood that #insurance is not an expense but a safety net. It is incomparable to any investment, as it needs a different measure.

For more information and queries, contact Moneymindz, the best financial advisory service.

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/