I have very sincerely attended Financial Education Program on 25/09/2021 and conducted by NCFE and very carefully listened advices of the Resource person since the begenning of session till the end.
The impact of FE Program conducted by NCFE is very immense & cannot be measured & I take pride in saying that I have never attended such a beautifully crafted program. Being a Taxi Driver now I can happily practice topics such as family budget, savings, investment and retirement planning with my daily earnings.
After attending program I took a oath that I won’t consume gutka, pan masala, betel quid and all of cigars for which I used to spend Rs. 100 to 150 per day. Now I save this money & invest Rs. 2000 month in a post office recurring account. As a personal Thumb rule I save 20% of regular income & invest the same. At present I hold three life insurance policies for my family members & also subscribed to PMJJBY.I have realized that having different source of incomes is very essential, so I have planted betel nut in 1.5 Acre land which will provide annual earning of 3 lacs p.a in future.
Lastly I would like to express my gratitude to NCFE, even though I don’t have a formal education they have me in understanding three pillars of investment – SAFE, LIQUIDITY and RETURN. As a result I no more take loans from Moneylenders at high interest rates nor do I run behind Ponzi schemes which are easily accessible in my region nor do from random persons. My fellow villagers treat me as a pioneer in savings & take regular guidance from me.
