Workshops on Financial Literacy becoming popular for teachers in institutions

May 4, 2012 - PRLog -- The workshop focused on the topic “Right now: Financial Literacy” where Mr Khator spoke about the ingredients of personal financial planning and financial decision making process which can make one’s life happy to overcome difficult situations. According to him money making is necessary but not at the cost of happy life. This is the right attitude towards managing money for personal satisfaction. “People tend to make common financial mistakes which results in major losses and one should be very careful when it comes to dealing with personal finance,” said Mr. Khator. He cited some of the common financial mistakes like incurring too many loans, inadequate insurance policies for security, guessing the stock market based on tips which are abundant in the market, spending unnecessarily on luxury, impulsive financial investments and many more.

“When the mind is in harmony with the present moment then only happiness in life can be achieved” said Mr. Khator reflecting the requirement of right mindset the key to effective financial management. The workshop was very much simple and lucid which made the faculty and staff members appreciate the motive towards organizing such workshop in the campus. In the later stage, he explained the theory of compounding which is the key to financial security and freedom. “Such workshops are very much necessary to know the current financial instruments that are available in the market for effective investment,” commented one of the participants. The workshop also depicted the modern investment alternatives available for a person to invest, like mutual funds, exchange traded funds, innovative bonds, Initial Public Offers, real estate, commodities, gold and many more. It was also contributed by the Principal of Heritage Academy, Prof. Gour Banerjee and CEO of Heritage Group of Institutions, Mr. Pradip Agarwal. In fact Mr. Khator had also published a book on this topic and presented the same in many other institutes.Such event reminds us the contributions of Dr. Prasanna Chandra, an eminent Professor in the field of Investment and Financial Management for making the subject financial management lucid for non-finance executives.