Author: Balakrishnan R

Balakrishnan is an Investment Analyst. His working career spanned banking, industry and finance. He was part of the founding team members of CRISIL. He also helped Malaysia set up their first credit rating agency. He also worked with DSP-Merrill Lynch as Head of Research and with First India Mutual Fund as CEO. He writes regularly for Moneylife magazine and for Deccan Chronicle)

Financial literacy is a term that no one takes seriously. Every one of us seems to be afraid of the world of money and business. We all do different things to make money to fulfill some dreams and also to save enough for the times when we cannot earn money but will live long.

With modern medicines, the lifespan after retirement seems as long or longer than the period we work for a living. Thanks to this factor plus the withering away of the joint family system, money has taken on a role of high priority in all our lives.

Today’s parents are very concerned and caring about their children. They want to make sure that the children do not go through the pains they went through.

In this process, the umbrella of protection hides the weather from the children.