Most of the Indian Senior Citizens die Rich, but do not live Rich

*Most of the Indian Senior Citizens die Rich, but do not live Rich*

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*The younger Generation is moving away from Real Estate, whereas many Senior Citizens are still engrossed emotionally in Real Estate*

*Many Senior Citizens have built houses, not only for themselves but also for their children, and even for those Children, who have settled abroad.*

*The next Generation is least interested in these houses. They have no time to look at these gigantic   properties*

*The next generation is very Asset-light.*

*One such Senior Citizen died at the age of Eighty- five. His Wife had already passed away a few years ago.  One son lives in London and the other son lives in New Zealand. They have obtained the citizenship of those countries. Neither of them, was interested in the Ancestral house their Father had built in his Prime age*

*The Father had written a will before his Death, to give all his property equally to both his children. The sons did not have time to get the property transferred in their names and then sell it*

 *Both of them made a power of Attorney, to sell their Father's property in someone's name. Thereafter, the proceeds from the sale of the property were sent to the Country where they settled down.*

*Our second traditional investment is in Gold and Silver items. Investing in Gold and Silver is often an emotional decision. This is done in the form of Ornaments for daughters (or) daughters-in-law (or) for grandchildren, instead of buying pure Gold, as done in Western countries*.

*The new Generation often does not like old-fashioned jewellery. As such, they are broken down into new designs. It goes back and forth. The new Generation prefers to wear imitation or fake rather than genuine jewellery.*

*In some advanced countries, Gold is kept in a pure form, as Gold Bars as an investment and a very little quantity in jewellery*

*The third emotional investment is Children's higher Education*

*Occasionally, Senior  Citizens take loans for their children's higher Education by cutting down on their own needs. When their Children get jobs, they pay off their Debts. But in some cases, the parents have to repay these Loans*

*Going beyond this, some Seniors are investing in  policies or other investments to facilitate Education for their grandchildren*

*Taking  a loan for children's education is understandable. But why  invest in grandchildren's education at this Age, especially  when your children have already started investing for their children's Education.*

*How is the Indian mindset? We don’t want to ask financial help from our married children. But we feel that taking care of grandchildren is our responsibility !!* 

*Thinking of one's own children throughout our Lives and again thinking of grandchildren in Old age* ??

*Your lifespan is increasing. Your costs are rising. Think about it. Do not forget your own well-being before thinking of others*

 *Live life for yourself. It is rightly said that, most Indians spend miserly all through their lives and make the next Generation Rich.*

*So, If You are over 60 and now almost 65 due to increased life expectancy, Live Your Life Well.*

 Spend on Your Hobbies and fulfil Your Wish List, so that you

 *Live Rich and  Don't Just Die Rich !!*