How Should You Handle A Windfall Gain?

Let's Talk Money with Monika Halan

27-06-2024 • 15 mins

Today, Monika dives into the best strategies for handling windfall gains. Whether it's a bonus, tax refund, or inheritance, Monika explains how to balance spending, debt repayment, and investing to maximise your financial well-being and avoid common pitfalls. Discover how to make thoughtful decisions that enhance your financial future while enjoying the present.

Monika also addresses how to rebuild an emergency fund after relocating, the strategies for early retirement and sustaining expenses long-term, and the importance of evaluating mutual fund schemes over individual fund managers.

Chapters:

(00:31 - 04:58) Navigating Funds in a Windfall Gain

(05:06 - 07:33) Rebuilding Emergency Fund

(07:36 - 11:42) Calculating Corpus for Early Retirement Planning

(11:44 - 14:21) Tracking Progress of Fund Managers vs Schemes

If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan.

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta