استمتع بـUnlimited مع Magzter GOLD

استمتع بـUnlimited مع Magzter GOLD

احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل

$149.99
 
$74.99/سنة

يحاول ذهب - حر

How Changing The Expenses Changes Your Life

November 2023

|

Outlook Money

One can easily tackle financial troubles by streamlining spending patterns and cash flows and, when required, seeking professional help for the right investment strategies.

How Changing The Expenses Changes Your Life

At 45, Sushil Verma stands at a crossroads in his life; a successful hotelier in the historic city of Varanasi, he is surrounded by a loving family – his wife Shalini, 43, a dedicated homemaker, and their two children, Khushi, 18, and Aditya, 14. Despite his affluence and strong family background, a rift in the family has significantly influenced his financial stability. Surrounded by affluent friends and acquaintances, Sushil finds himself grappling with the societal pressure to maintain his status in society.

Everything was going well in his hotel business till the pandemic hit the country in early 2020. All of a sudden his business turned into a loss making proposition as lockdown severely impacted the income. “My income had significantly dropped due to the pandemic. This threw my finances helter-skelter as my income got dwarfed against my expenses,” narrates Sushil. As hope rose after the first wave was over and things appeared a bit better, the second wave and the deadliest of all in 2021 acted like a last nail on the coffin. Situation worsened and Sushil was losing money every month. His finances were in the doldrums and he desperately needed some financial expert to help him wriggle out of the situation.

Meeting with Shilpi Bansal

It was in September, 2021 that Sushil met Personal Financial Professional Shilpi Bansal. A seasoned investment expert, Shilpi had the expertise to offer financial prosperity to her clients. The same she desired to do for Sushil.

المزيد من القصص من Outlook Money

Outlook Money

Outlook Money

Gold vs Real Estate: What You Should Know

Both gold and real estate have long been preferred investment choices for Indians. They hold sentimental value, too. We compare the two and assess if one or both assets can complete your portfolio

time to read

7 mins

October 2025

Outlook Money

Outlook Money

Strategic Vs Tactical Allocation

Fixed-income investments can be bucketed based on your time horizon. However, you can also tweak the allocation, tactically, in accordance with the market conditions

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Discipline Is Key, Shows This Retiree's Life

Pramod Agrawal, 64, a former banker, is an inspiration for active retirees who do not know what to do with their idle time post retirement. Pramod, who lives with his spouse in Ghaziabad, had the option of staying at home, like most retirees, but chose to use his expertise in new ways. Now, he is a visiting faculty at several institutes.

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Will The E20 Fuel Rollout Make The GST Benefit Ride Bumpy?

The GST rate cut will benefit most car and two-wheeler buyers, but the E20 fuel rule may upset your budget. Calculate well and plan ahead for a smooth ride

time to read

6 mins

October 2025

Outlook Money

Outlook Money

Input Tax Credit In Insurance

Health insurance premiums in India have become more affordable after the government removed the 18 per cent goods and services tax (GST) on them.

time to read

2 mins

October 2025

Outlook Money

Regulatory Roundup

A few regulatory changes in September 2025, and how they will impact you

time to read

4 mins

October 2025

Outlook Money

Frugality: A Smart Money Move

We often equate frugality with penny-pinching behaviour. But it isn't. It is about being smart with money, and spending it on things that give value and satisfaction

time to read

5 mins

October 2025

Outlook Money

Here's How To Make Health Insurance Claims

For many people, health insurance is the safety net that prevents a medical emergency from turning into a financial burden. Yet, policyholders often find themselves confused while filing claims.

time to read

1 mins

October 2025

Outlook Money

Outlook Money

Why Seniors Need To Know Their Legal Rights

Many senior citizens often end up in destitution after being abandoned by their kith and kin, typically after transferring their property. Can taking recourse to laws meant for seniors lend a helping hand?

time to read

5 mins

October 2025

Outlook Money

Advantage Of Low Cost, High Returns

If you want to stay away from the constant game of chasing outperformance or worrying about underperformance, exchange-traded funds (ETFs) can be a smart option. They provide broad market exposure, are cost-efficient, and eliminate the need to time the market. An index ETF allows you to invest in sectors and stocks of the underlying benchmark in the same proportion as the benchmark. If you want to invest in Nifty 50 companies, Nippon India Nifty 50 BeES could be a decent choice.

time to read

1 mins

October 2025

Translate

Share

-
+

Change font size