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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make...

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make sure you have at least six months of living expenses saved in a bank fixed deposit or a debt mutual fund. This reserve will serve as your emergency fund for unforeseen situations and ensures you are prepared for any rainy days. Review Your Asset Allocation Revisit your investments to ensure they align with your goals. For short-term goals within three years, bank fixed deposits, recurring deposits, or debt mutual funds are appropriate. For long-term goals beyond three years, a diversified combination of hybrid/equity mutual funds, direct equities, and gold should be preferred. Do Sufficient SIPs Systematic Investment Plans (SIPs) are the backbone of disciplined investing. At least 25-30 percent of your in-hand monthly income should ideally be invested through SIPs in mutual funds, equities, and gold. This consistent approach will steadily build wealth over time. Make Lumpsum Investments Along with SIPs, voluntary lumpsum contributions into long-term assets whenever you have surplus funds can accelerate wealth creation. Even occasional lumpsum additions make a significant difference to the overall corpus. Increase Your SIPs Annually As your income increases, make sure your investments grow as well. Increasing your SIP amounts every year helps your wealth stay in line with inflation and your rising lifestyle needs. Increase your SIPs yearly and anchor them to at least 30 percent of your monthly income. Stay Invested Remain invested until your financial goals are achieved. Avoid redeeming investments unnecessarily. Frequent withdrawals disrupt compounding. If liquidity is required, consider taking an overdraft loan against your investments rather than breaking them prematurely. Health Insurance Safeguard your family with adequate health insurance. Opt for a minimum cover of 25 lakhs per family member with comprehensive features. Remember that relying only on employer-provided insurance is risky. Independent health insurance is essential. Term Life Insurance Protect your loved ones with a pure term life insurance policy. Ensure a cover of at least ten times your annual income, along with provisions for any outstanding loans. Stay away from mixing insurance with investments. A simple term plan is the most effective solution. Consult a Financial Advisor A full-time, well-qualified financial advisor can simplify your financial journey. Professional guidance ensures disciplined planning, correct product selection, and proper execution of your financial strategy. May this festive season bring abundance and lasting financial peace. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

When Women Claim the Driver’s Seat

Apr 20
3 min read

From young girls in cars to grandmothers in electric autos, women are quietly reclaiming the road—and with it, a deeper sense of freedom.

There is a profound, poetic justice in the sight of a woman behind the wheel. For generations, the "driver’s seat" was the ultimate symbol of masculine autonomy—the one place where a man was the undisputed captain of his journey. But in 2026, that seat is being reclaimed by those who have always known how to navigate the most complex journeys of all.


The shift we see today—from the young girl in a sleek four-wheeler to the grandmother steering an electric auto-rickshaw—is more than a change in transport logistics. It is a quiet revolution of the spirit.


Why Women Excel

There is a tired old trope that women are "too delicate" for the road. It is a logic that collapses the moment you look at the reality of womanhood.


Built to Endure: A woman’s body is the original vessel of creation. If she can sustain, prepare for, and deliver new life—a process that demands immense physical endurance, rhythmic precision, and split-second crisis management—then mastering a gearbox is, by comparison, a simple task.


The Multi-Tasking Mind: Driving isn't just about speed; it's about awareness. Women have been socialised for centuries to manage a dozen variables at once—the safety of a child, the heat of a stove, the timing of a schedule. On the road, this translates to a driver who is more observant, more cautious, and fundamentally more invested in the safety of everyone sharing the pavement.


Road "Intimidation"

When a man feels "intimidated" by a woman in a traditionally male space—like a "Flying Jatt" seeing a woman pilot or a veteran driver seeing a lady "auto-pilot"—he isn't reacting to her lack of skill. He is reacting to her competence.


A woman driving an auto-rickshaw isn't just seeking a fare; she is claiming her right to the city. She is saying that the road is not a male corridor, but a public resource. Every time a woman merges into traffic or navigates a difficult turn, she is chipping away at the invisible walls that once kept her "at home."


Generational Shift

We see this change across every age sector:


The Young Trailblazers: Girls who grow up seeing women drive don't view it as a "feat". To them, it is as natural as breathing. They drive with a confidence that isn't loud or aggressive—it is simply sedate.


The Mid-Life Entrepreneurs: For women entering the workforce later in life, the "wheels" represent a literal vehicle for economic freedom. Driving an auto or a delivery van allows them to support their families on their own terms, bypassing the rigid hierarchies of office life.


The Pioneers: The older generation of women drivers are the ones breaking the hardest ground. They face the stares and the unsolicited "advice" from male drivers with a grace that comes from knowing their own worth.


When a woman takes the wheel, she isn't just moving a machine. She is moving her family, her community, and her own destiny forward. The road ahead is long, but for the first time in history, women aren't just passengers on the journey—they are the ones choosing the direction.


My Turn

At 52 I have started driving now, and my encouragement came from my 17-year-old daughter. Although I was reluctant and uninterested initially, I enjoy being on the wheel now, steering in hand, and feel extremely happy and grateful and feel like an upscale me.


We all, as women, should learn new skills and prove to ourselves that we are capable of everything.


Every new skill lifts us. Every mile builds confidence. And every woman who takes the wheel becomes, in her own way, an achiever.


(The writer is a tutor based in Thane.)


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