Wealth Wisdom – Navigating Successful Investment Strategies and Family Insurance Planning

The Wealth Wisdom session, organized by YFLO Hyderabad under the leadership of Chairperson Ridhi Jain and her committee, was a resounding success. Held at the ICAI Bhawan Center, on October 8th, 2024, the event was a collaborative effort with ICAI. It was guided by the FLO National Financial Literacy Team and saw active participation from 25 young entrepreneurs eager to enhance their financial acumen.

The session featured prominent speakers, CA Manu Sharma and CA Ballav Mundra, both seasoned experts in financial wealth management. Their insightful discussions covered a range of topics essential to wealth creation, focusing on starting early and leveraging the power of compounding.

The speakers emphasized the importance of investing idle funds in liquid assets for higher returns, while also discussing key principles like portfolio diversification, risk management, and the power of patience. Referring to patience as the “9th wonder of the world” they explained how letting investments mature can deliver significant long-term rewards.

The session also covered family insurance, outlining different types such as term and health insurance, and key factors to consider when choosing policies, including critical illness riders and claim settlement ratios. This guidance aimed to help participants make informed decisions for securing their financial future and protecting their families. The interactive event encouraged active participation, with attendees' questions adding depth to the learning experience.

The event reaffirmed YFLO Hyderabad’s commitment to financial literacy and the personal growth of its members, reinforcing the organization’s dedication to fostering financially resilient communities.