can change lives — write a part destiny for your people and for your company. Your views and opinions are critical to decisions worth several hundreds of crores and so on.
There are many like Kishen around us today. I dare not put a percentage figure to that but lets say quite a majority of top management of the companies we work for.
If you want to test what I am saying, ask a couple of your bosses to advise you on tax planning or for some tip of a company stock you could invest in or whether term insurance is a good idea. By that you will be able to gauge what I am trying to say. The companies run by thorough professionals like Kishen are no doubt extremely successful. The lifestyle that companies enable employees like him to lead puts them on a pedestal from which they become complacent about matters concerning their personal finance.
They are in a zone of a financial “high”. They live in that zone perpetually and conveniently forget that the party might end sometime. and sometime it does quite abruptly; courtesy the ego.
Who will chart the destiny of people like Kishen? They have no time to think about the “what-if” type of questions and to make matters worse they think that they know all that there is to know.
Often they also take big and drastic decisions about their own investments. In that case money ends up into some really expensive real estate or some ULIP or some high risk fund. We all know this quite well is it not?
For the ones who are a station lower than Kishen, I am sure you will be successful in life and eventually will reach the his level in due course. But before you end up there; before you are part of that circle would it not be better if you already have your backup plan in place?
—Author is Director, Transcend Consulting firstname.lastname@example.org