Personal finance 101 from an industry veteran

The Bee, the Beetle and the Money Bug is a welcome addition to the rather sparse list of books that attempt to equip readers with the fundamentals of financial planning

The Bee, the Beetle and the Money Bug: The bankbazaar guide to the Financial Wild

Authors: Adhil Shetty with A R Hemant

Publisher: Rupa Publications

Pages: 303

Price: Rs 395
 

A double-income couple I know had ploughed the entire retirement corpus of one partner into constructing four flats in a tier II town. In India, rental returns are barely 2.5-3 per cent of capital value. A decade later, the buildings are beginning to fall into disrepair. Maintenance devours a large chunk of their cash flows. And inflation has far outpaced the growth in rentals.

A doctor friend met his financial Waterloo in unit-linked insurance plans