Watch the interview of Kartik Jhaveri, Transcend Consulting and Anuj Sah, Khaitan & Co with Surabhi Upadhyay on CNBC-TV18, in which they shared their views on importance of having a will and who should have a will.
Watch the interview of Kartik Jhaveri of Transcend Consulting and Gaurav Mashruwala, Personal Finance Expert with Surabhi Upadhyay on CNBC-TV18's show Money Money Money where they spoke about dos and don'ts that one must keep in mind to multiply wealth this year.
Watch the interview of Kartik Jhaveri, Director, Transcend Consulting and Anuj Puri, Chairman & Country Head, JLL India with Surabhi Upadhyay on CNBC-TV18, in which they shared their views on how demonetisation will impact financial and real estate investments in India.
This week Money Money Money turns the spotlight on real estate. Will property turn out to be a worthwhile investment in the coming year or are you better off without it? Gulam Zia, ED of Knight Frank and Kartik Jhaveri, Financial Planning Expert answers all of these questions.
Watch the interview of Kartik Jhaveri of Transcend India with Surabhi Upadhyay on CNBC-TV18, in which he shared his views on teaching personal finance concepts to students.
In this episode of Money Money Money - The Holiday Planning Special, Kartik Jhaveri, Director of Transcend Consulting and Rahul Agarwal, Founder of Ideal Insurance Broker explains how to plan your dream vacation.
Watch the interview of Homi Mistry, Partner, Deloitte Haskins & Sells LLP, Kuldip Kumar, Leader-Personal Tax, PwC, Kartik Jhaveri, Director, Transcend Consultancy and with Surabhi Upadhyay on CNBC-TV18, in which they discussed the EPF Tax rollback and its effects on common man.
Kartik Jhaveri, Director, Transcend Consulting told CNBC-TV18, "All good financial planners and who have really doing a good financial planning practice will have either an engagement letter or some sort of an agreement or a consulting agreement or an engagement agreement or whatever they call it.
According to Kartik Jhaveri, Director, Transcend Consulting, financial planning clients would be people who are earning somewhere in the range of Rs 3 lakh per annum to about Rs 60-70 lakh per annum depending on needs and circumstances.
Kartik Jhaveri, Director, Transcend Consulting told CNBC-TV18, "If one does not have assets as a backup then god help you. You are really in a bad situation because then one has to really start sacrificing your provident fund, one has to go all shorts of things one does not want to do.
According to Kartik Jhaveri, Director, Transcend Consulting, the cost to hire a financial planner would depend on the city and the expenditures and within a city where somebody is sitting, maybe a Nariman Point would charge versus somebody in Borivali would be different.
According to Kartik Jhaveri, Director, Transcend Consulting, money back policies are actually burning away and eroding your money. "You are better off putting money into fixed deposits," he said.
According to Kartik Jhaveri, Director, Transcend Consulting, if you have a goal which is 15 years ahead you can afford to put all your money into maybe in equities, which is going to be volatile, but then historical evidence of last 20-25 years shows that you will still make your 15-18 percent which is by far the best thing to do.
According to Kartik Jhaveri, Director, Transcend Consulting, “When you are somewhere in midlife around 40s your income is obviously at a pretty reasonably good level and at that point of time you can be spending about 40-50 percent of your money for your expenses which means there is about 50-60 percent available to save.â€
Kartik Jhaveri, Director of Transcend Consulting told CNBC-TV18, "If a house is going to cost you Rs 10 lakh and assume you take about 5 percent inflation and five years later, so 5 percent every year, that means Rs 50,000 of an increment every year, five years later expect that the house will cost you Rs 12.5 lakh.
Kartik Jhaveri, Director, Transcend Consulting told CNBC-TV18, "As soon as you get your salary that hits your account, if you can just take a fifth of that and put it aside."
Kartik Jhaveri, Director, Transcend Consulting told CNBC-TV18, "People who are really young say early 20's, mid 20's, we advise this section of people is play with your aspirations, and at least put away 20 percent of your money.
Kartik Jhaveri, Director, Transcend Consulting told CNBC-TV18, "Going by the general wisdom if you can start financial planning as soon as you start earning, well and good.
Children need to do more things, we want to do more things, holidays, retirement, exposure, there is just so much more that we have on our agenda which is why the need for doing something more scientific, says Kartik Jhaveri, Director, Transcend Consulting.
Kartik Jhaveri, Director, Transcend Consulting has discussed with CNBC-TV18 regarding what is the financial planning.
Don't buy complex insurance policies, buy a simple health insurance or life insurance and just do your investment. Get into the habit of putting a fifth of your money aside, advises Kartik Jhaveri, Director, Transcend Consulting