As bad times come and go in the life so as with Mr. Malhotra. But in any case he shouldn't loose his confidence at all. He can check variety of options for his future. I think the problem he has created will have to be solved by himself only with self decipline and in oraganised manner.
There are lot of examples where people stood up like phoenix from ash.
fine, so some MR. X is going bankrupt. and this Mr. X is some chap whos name does not happen to be Malhotra.
so what? who cares? whats the end objective? and furthermore, we dont even know this Malhotra of or if he exits...
is it that Mr. Kartik Javeri, expert at Financial Planning, and a Certified Financial Planner and a Chartered Wealth Manager, advertising his blunders or the need of the society for people like him?
utter waste of time. i feel sorry for Mr. javeri and everybody else like me who waste time on this.
I dont thing there is no WAy out of this kinda situation.
I have seen many such types of cases.. this is a major issue in joint family businesses.
The Captian of the ship who runs the business is the prime guy.he has few sons..the captian sets up a great profit making venture which he and his sons milk for next 20 odd yrs.. then wen the captain is nomore.. and during the High income time the sons who actually are not responsible for the business setup but have enjoyed the high life and cream moneymaking yrs.. end up with such situation.
"MALHOTRAS SHOULD 1st PAUSE and just think" =>
1.What is more important - Peace of mind.. or the FALSE SHINES of HIGH LIFE which actually doesnot exits in their case.
2.clear the dispute with siblings.. even if there is less to be gain. what ever it may be
3. BE CLEAR WITH YOUR KIDS .. make them aware of situation.
4. Try to start a trading firm.. business...trade in their paste business products-services.
5. AVOID LOANS... dispose those half dozens credit cards.
The best INVESTMENT is
1. a FLAT in Mumbai with clear title and low montly rental.
2. A commercial property which can be rented to MNC or bank which gives good returns.
