Nov 2, 2011

$1 million jackpot: Should Sushil Kumar rejoice or worry?

Asian single women
Sushil Kumar of Bihar had just won a jackpot of Rs 5 lakh (Rs 50 million) on Kaun Banega fifth season Crorepati. (For those who do not know, KBC, this Indian version of Who Wants to Be a Millionaire)

Sushil Kumar will not receive the entire Rs. 5 lakh, the tax authority will eat up about a third of it left him a jackpot of Rs. 3.5 billion rupees, which is still a substantial amount.

Let's see how it can help, Mr. Sushil Kumar - graduate student in philosophy and IAS aspirant - in his life. He is currently a school teacher earning a meager Rs. 6000 per month.

In an interview with Sushil Kumar revealed that he has some obligations that must be met before he invests all his money
His elder brother, who wants to create his own business
Younger brother to quit his "piddly 'Rs. 1500 per month of work, and wants to start a new business.
His parents want a nice big house - owned by the status of "crorepati" son
Sushil Kumar himself is planning to leave work in order to concentrate on your exam IFRS.

Unfortunately, along with a lot of money not for nothing that God is one of the "Financial Wisdom" - not even the wisdom, knowing that he needs to be impartial financial advice. I can see tomorrow, and therefore difficult to rejoice in his success.

Why you ask? Here's why

Even in the small village will be a lot of people chasing him - "investment advisers" There will be greedy hands pulling from all sides:

Namely, LIC agents, mutual funds, bank managers and other life insurance companies, pension providers, brokers and bankers.

It would be interesting to trace his life in the next 10 years for each year through to see how much money it scares him, helping him, tortured him and help him achieve the goal

No comments: