For many people talking about money is a taboo. The basic reason for the same is ignorance about money management. Most have negative connotation about money. Hence more often we hear conversation such as “rich is evil ” . No school teach about money management concepts such as emergency fund, Insurance protection , goal oriented investing etc.
Even though money inseparable from our life, most never learn how to plan finances. If our finances in order with proper retirement planning, have enough emergency corpus , adequate health and life insurance, planned investments matching your goals etc we are in good shape financially, otherwise we need to talk to financial adviser who can help you in streamlining your finances and continue on your own.
Kishore Hegde, CFA(ICFAI)