3 Financial lessons I learnt at the Bajaj Alliance Life Insurance Bloggers Meet

It was the first working Monday of this new year when I had the privilege to attend #BajajAllianzLifeInsurance bloggers meet where I understood the importance of planning and investing for my #lifegoals. A creative person like me can dream big and have the appetite to desire the world for not only myself but for my family. The problem is I have no idea how big of a dent those dreams would make in my savings and if I have enough. I have always been comfortable with savings as my most preferred option to prepare for the future.

The big question is, “Will mere savings with limited interest support my big life goals?” The answer is no and the #BajajAllianzLifeInsurance bloggers meet forced me to think about my goals and the money I would require to fulfill them.
Bajaj Alliance Life Insurance MD & CEO Mr. Tarun Chugh

Bajaj Alliance Life Insurance MD & CEO Mr. Tarun Chugh

The event was very educational and encouraging about smart investments. There were presentations from #BajajAllianzLifeInsurance MD & CEO Mr. Tarun Chugh and #BajajAllianzLifeInsurance CIO Mr. Sampath Reddy. These two managed to help us understand the importance of making our money work hard. They shared with us the changes and improvements happening in the insurance industry especially #ULIPs. They highlighted how we need to plan for each #LifeGoal separately and strategically. I was amazed how they explained complicated financial topics in the simplest manner. They both answered all our questions and encouraged us to speak up about our experiences with investments.

Top 3 Financial Lessons that I learned at the meet:

1. Start Early:

The event was not only serious talk we also had some fun and played an interesting game of darts. In this game, we were given darts to throw at a spinning target that had our #LifeGoals written on it. The catch was we were given markers to stand upon as per our age. The younger you are the closer you can stand to the spinning target and get an easier chance to hit your #LifeGoal.

Bajaj Allianz Meet Life Goal Game

Bajaj Allianz Meet Life Goal Game

We enjoyed this fun game and this was a smart way to understand that it is a good idea to start our investments early. The earlier you start the better returns you can get for even lower investments. Do not let this discourage you from investing on the contrary start now. No matter your age just no point in any more delay.

2. Research:

Savings is safe but they do not give you the returns that could match big life goals. After attending the presentation session of Mr. Tarun Chugh and Mr. Sampath Reddy It was made clear to me that we need to broaden our knowledge about the new and upcoming investment options. It is wise to pick an organization which believes in keeping their customers well informed.

Bajaj Allianz Life Insurance CIO Mr. Sampath Reddy

Bajaj Allianz Life Insurance CIO Mr. Sampath Reddy

The #BajajAllianzLifeInsurance CIO Mr. Sampath Reddy sends a monthly mail to their customers explaining the ups and downs of the market. This gives them the necessary tools to tweak their investments and increase their gains. We also learned that financial products like #ULIPs have lot new improved features. #ULIPs are safer, more flexible, transparent, they are simple to manage and can give us tax benefits while making our investment diversified. So #InvestBefikar now why worry and limit our self to small returns.


3. Make the money work:

In between his presentation, Mr. Tarun Chugh asked us a question, “Does your money work hard for you?” This got me thinking and sadly the answer for me currently is no. We all work hard for money but how many of us can confidently say that their money works for them too. We are happy with our traditional safe savings options where we scarify higher returns because we are not willing to try new.

As explained in the above point a proper study can help us find out the best solutions to #InvestBefikar so that our money works harder and grows better.

Bajaj Allianz ULIP Comparison

Bajaj Allianz ULIP Comparison

I also learned some amazing features of #ULIPs like they have been consistently exceeding benchmark returns. They give tax benefits at a lower cost. They provide life cover. Hence it is safer to say that #ULIPs are great investment tools for long-term #LifeGoals.

Couponzguru – The Coupon & Deals Aggregators in India

The sale season is back. Every weekend morning I am greeted with messages and advertisements from malls of the city highlighting their big sale for the weekend. I do like visiting malls but sale season are not my favorite times to visit. The mall madness during sale time is bit out of control in a mega city like Mumbai.

The usually crowded malls get swamped with so many people that it becomes a challenge to navigate oneself around the different areas of the big store. The merchandises get messed up badly by the huge mob of customers. The staff finds it difficult to reshelf the products when constantly someone is pulling things out of the organized places and leaving it wherever they want. As a result someone like me who usually enters in the late afternoon or evening doesn’t find the desired products which might very well be in the store buried under other things.

Online shopping is very well accepted and appreciated concept and I used to like shopping online because it helped me avoid the messy overcrowded stores, the unending lines outside the changing rooms and the pain in legs from standing long hours. Online shopping is Convenient. We get a wide spread of things similar products we are interested in hence a lot of variety and not to forget some very tempting cheap deals.

CouponzGuru Logo


This Online sale season I was thrilled to enjoy huge discounts from the comfort of my home. I stumbled upon Couponzguru – a coupon website that gave me information about every discount available online. Couponzguru is one of the first coupon websites to start in India. They started in 2011 with around 10-15 merchants like Makemytrip, Yatra, Myntra, Snapdeal and such, since then they have been growing along with Indian E-Commerce Eco System. They add new merchants on their website almost daily and the merchant list is growing. At CouponzGuru they validate and check each and every coupon manually to make sure that correct information is provided to the users like us.

CouponzGuru help online shoppers to get coupons, deals and offers for all online shopping websites in India at one place. They are also known as Coupon & Deals aggregators as they have become a one stop free shop to get all latest, working and genuine coupon codes, promo deals and discount offers in India. The best feature of CouponzGuru according to me is that it is free and it surely helps us save a lot of money online. When I was looking for deals online I did not search every website for deals I just check out CouponzGuru and got all the latest deals from my favored shopping sites in one place. I subscribed to their newsletter so know I get latest coupons of the day in my inbox directly.

CouponzGuru have coupon codes and offers for almost all categories related to online shopping, be that Fashion & Accessories, Mobiles, Electronics, Books, Baby Products, Flights, Hotels, Pizza Coupons, Restaurant Deals and much more. They have coupons and deals from wide range of online shopping websites in India – to name top few sites like Flipkart, Myntra, Jabong, Snapdeal, Yebhi, Dominos, Pizza Hut, Yatra, Makemytrip, Goibibo, Fashionandyou, Firstcry, Babyoye, Zivame, Shoppers Stop and the list goes on. Couponzguru has a clean and easy to navigate website which has Top Online merchants tabs clearly visible on the front page.

CouponzGuru Site Snapshot

CouponzGuru Site Snapshot

At CouponzGuru, they have coupons and we also have deals. The basic difference is that if there is a coupon code, one needs to apply that coupon code at the time of payment at the merchant’s website. However, in case of deals, there is no need of applying the coupon, the discount is automatically provided on meeting the terms and conditions of the deal. So, to use coupon code, just click on “Click to Get Coupon” button and you will be redirected to the merchant’s website in a new tab through an affiliate link. Now add the products you want to buy in your cart and then come back to CouponzGuru in the previous tab; copy the coupon code and apply the same at the merchant’s website. In case of deals, you don’t need to come back to copy the code.

Like me if you also want to relish saving money on your latest shopping spree do give Couponzguru a try. I mentioned my preferred online store but there is much more on CouponzGuru site so visit, register and if you find a good deal do let me know.

This blog post was sponsored by CouponzGuru.

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Best Money Advice – The Richest Man in Babylon.

 The Richest Man in Babylon

The Richest Man in Babylon

Money is the most confused necessity of life. We grow up with such mixed teachings and suggestions about money that by the time we start earning we are not sure how to invest it wisely.

The lack of clarity about money is the main reason, why most of us do not understand how to grow our finances or get out of debt and even after earning our whole life we still find it hard to have a comfortable nest egg for life after retirement.

“The Richest Man in Babylon” is one of those very few books who have successfully uncomplicated money matters for the readers. The author of this book George S. Clason has given very simple instructions about how to live a wealthy life. This book was first published in 1926 the advice is very much relevant for today’s generation.

I found this book extremely easy to follow. If you want to improve your financial condition and your habits related to money and you get dizzy when you try to read the complicated financial books with lots of charts and tables I suggest you start with this simple and engaging book like I did.

There are many more books that can further help you on your way to abundance like Think and Grow Rich, Rich Dad Poor Dad or The Science of Getting Rich and similar treasures you should collect.

One of the Teachings from The Richest Man in Babylon: 7 cures for a lean purse:

1. Start keeping 10% of all you earn:

“Wealth consists not in having great possessions, but in having few wants.” — Epictetus

The book suggests “A part of all I earn is mine to keep”. Pay yourself first at least 10% of all you earn. You can increase this to 20% or more as you go along in this financial journey. Always pay yourself first no matter how little or lot you earn.

2. Control your expenses:

“Too many people spend money they earned; to buy things they don’t want; to impress people that they don’t like.” — Will Rogers.

Budget your expenses. Spend less than 90% of income. As you pay yourself 10% you have to control your expenses within remaining 90%. Today we are surrounded with so much temptation to spend more than we earn by using credit or instalments or what not but we must not blindly fall prey to the luring advertisements and buy things we don’t need.

If we do have to buy some lifestyle products that have become a necessity in today’s world then I highly suggest you keep a check on discounts and sales that slash down the price low enough for us to enjoy the luxury within a budget.

I recently stumbled upon an amazing website called CupoNation which has so many great deals and coupons that can help you get lifestyle products at a very affordable price. This website is definitely a great way to save a lot of money as it is filled with many options of sales and discounts.

3. Make the money work and it’s children work:

So what to do with the 10% you pay yourself. Well invest it wisely. Take advice from someone who is good with investments. Please never consult someone about investments who is bad with their own money.

When you get returns from these investments called as your money’s children in this book make them work too. Keep on investing the 10% and it’s children so you can create multiple streams of wealth flowing towards you.

4. Secure the investment:

Most people are scared to invest money as they fear they may lose it all. With proper study we can find safe options to invest. Start small and be safe. Study opportunities in details. Don’t take risk. Invest only where the principle is safe. I cannot say this enough take advice from someone who knows about investments.

5. Own my home:

This is the most difficult cure for a lean purse as the property rates have gone so high that it seems almost impossible to be a homeowner especially in the city of Mumbai where I am based but this goal should be a priority in our mind. Try to achieve this goal as soon as possible.

6. Prepare for the future:

“The lack of money is the root of all evil.” — Mark Twain

Provide in advance. Keep a small investment every week or month regularly for old age. Invest in properties that will grow in value for the future.

7. Desire to become rich:

Make a burning desire to become wealthy. Sharpen your skills. Increase your ability of your craft. No matter what your work is there should always be progress so that the streams of income will keep flowing and increasing. Study about your work, your skills, about money or investments and become wiser.

“Spend your money on the things money can buy. Spend your time on the things money can’t buy.” — Haruki Murakami (The Wind-Up Bird Chronicle)

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