How to Talk to Your Kids About Money (and Retirement) | Retire with Harshita

Описание: How to Talk to Your Kids About Money (and Retirement)
Are you worried about becoming a burden on your children in old age? While love for your children is unlimited, your bank balance is not. Many parents sacrifice their entire future (breaking FDs, stopping SIPs) to support their children's weddings, education, or business, often leading to a loss of dignity (आत्मसम्मान) later in life. The goal of true greatness for parents is to remain self-dependent until their last breath.
Learn Retirement Planning in India and how to guide your kids about money while protecting your dignity and self-respect (आत्मसम्मान).
✅ Support kids wisely: education, weddings, housing, and business
✅ Secure your old age and stay future burden free
✅ Teach them to be self-reliant (आत्मनिर्भर)
This video breaks down the Perfect Balance Formula: Children deserve support, Parents deserve dignity. We explain how to support your children, but never sponsor them.
Key Money Rules for Parents Discussed in This Video:
1. Education Support Limits: Help with higher education (as knowledge is an asset), but set financial limits. Never break your retirement fund for a foreign degree. Encourage children to take education loans, apply for scholarships, or do part-time work.
2. Realistic Weddings: Weddings should be realistic, not royal. Set a firm budget and remember that wedding celebrations last one day, while your retirement must last 25 to 30 years. Do not let "log kya kahenge" (what people will say) destroy your bank balance.
3. House Down Payment: Your role is to give advice on saving and navigating legal processes. Do not break your retirement corpus to give them the entire down payment. You may help with extra funds only after your retirement corpus is fully secured.
4. Business Help: Be supportive, but do not act as an ATM machine or an Angel Investor. Provide seed funds (e.g., 2 to 5 lakhs) with a formal agreement, accountability, and expected equity or return.
5. Emergency Help: Always use liquid funds for emergencies. The retirement fund must remain an untouchable zone.
6. Retirement Corpus Security: Your retirement money must be treated like "temple money". If your children ask for funds, you must state, without guilt, that this money is for your old age, your medicines, your dignity, and ensuring they remain future burden-free.
We must find the right balance for preserving our self-respect (आत्मसम्मान). If you connect with these financial boundaries, please leave a comment! Happy Retirement.

Plan smart, help your kids, and secure your retirement!

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Retirement Planning India
How to Talk to Your Children About Money
Parents Dignity
Self-respect (आत्मसम्मान)
Support vs Sponsor
Perfect Balance Formula
Securing Old Age
Future Burden Free

Education Support Limit
Higher Education Help
Retirement Fund Foreign Degree
Education Loan for Children
Children Scholarship

Realistic Wedding Contribution
Wedding Royal vs Realistic
Parents Bankrupt Wedding
People Will Say (लोग क्या कहेंगे)
Financial Society
Housing & Down Payments
House Down Payment for Children
EMI Responsibility Children
Retirement Corpus Down Payment
Property Identification Advice

Business Help Investment
Avoid Emotional Bail Out
Parents as Angel Investor
Parents as ATM Machine
Seed Fund Limit
Formal Agreement Business

Retirement Corpus Unteachable Zone
Temple Fund Money (मंदिर का पैसा)
Use Liquid Funds for Emergency
Medical Emergency Insurance
Retirement Fund Touch Rules
Maximum Annual Income Insurance
Help Them Be Self-Reliant (आत्मनिर्भर)

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