Das Financial Health, LLC

10/17/2024

Empowerment Through Financial Independence

Meet Durga a vibrant woman who recently moved to a new country filled with dreams and possibilities. Like many, she relied on her partner for financial decisions, believing that the complexities of finance were beyond her grasp.

The Turning Point
After some life obstacles, Durga found herself at a crossroad. She felt overwhelmed by the emotional upheaval but also by the financial uncertainty that lay ahead. She realized that she had been living in the shadows of someone else's financial decisions, and it was time to step into the light of independence.

Discovery
As Durga navigated her new life, she realized she needed who had faced significant life changes or challenges, understood her fears, and offered a safe space to learn and grow.

Guidance
With some guidance, Durga embarked on a journey of financial literacy, was able to break down the barriers of personal finance, She came to the realization that money wasn’t just numbers on a screen but a tool for her empowerment.

Transformation
Months later, Durga transformed from a woman filled with doubt to a confident, financially savvy individual. She created a budget, built an emergency fund, and even started investing in her future. She felt empowered to make decisions that would shape her life on her terms.
The Impact
Durga’s story is just one of many. Our financial planning services are not just about numbers; they are about empowering immigrants and single women reclaim their financial lives.

Call to Action:
Join the community of empowered women and immigrants who are taking charge of their financial futures.

02/20/2023

Financial Planning & Cultural Values

I am shocked to see our profession still stuck with the old school mentality.
When will we learn the tenet ‘Personal Finance by very definition is personal’. Please at least try NOT to force your ‘values’ on to your client and or prospect.
1. “You can borrow for your child’s education but cannot borrow for your retirement’ and
2. “How much assets you have that we can manage?”
This is what forced me to take charge of my own financial planning some 15 years back. I was looking for ‘real’ financial planning help. Because I had by some standard a high level of Finance degree (PhD in Finance and CFA), I knew I needed help with my personal finances. The two points mentioned above sent my brain on a spiral whirlwind. This is why I got my CFP and started a CFP- board registered program at an HBCU.
Is this what they mean by ‘personal finance’? Forget your values and merge into the so-called ‘melting-point’ culture? I know coming to US was my choice and I very much still like and live by the decision that I made. But never in my dreams did I ever think that I would be asked, though in a subtle way, to forget my own values.
When will the profession learn the true meaning of ‘melting-point’ culture and holistic planning which involves respecting your client’s cultural values?
Saving for retirement was never my priority over funding for my child’s education. Everything is NOT about getting high return on your money.
My utility value is additive.
Total Utility = Finance Utility + Feel-good utility
Isn’t this what ESG is about? How are we able to compartmentalize our thinking of forcing our clients to forgo their cultural values while recommending ESG funds for their portfolio? This is a conundrum that I do not know how to solve.

12/04/2022

Basics of Individual Retirement Account IRAs

02/17/2022

“Money will not make you happy, but lack of it will make you unhappy”
Get you finances in order. Expecting tax refund? File you taxes ASAO; plan to invest the refund check; plan your taxes for 2022 so as not get a refund check.
Make your money work for you

12/06/2020

Can you contribute to BOTH qualified retirement account and IRA at the same time? What are the advantage's of traditional IRA vs. Roth IRA? Can you withdraw money from your IRA prior to retirement? Why should you contribute to IRA?

11/20/2020

Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease. Once you enroll, you’ll need to decide how you’ll get your Medicare coverage. There...

11/14/2020

Financial Friday with Professor Das Weekly Podcast: Financials Aid Options
https://www.buzzsprout.com/1464448/6342352-education-funding-options.mp3?blob_id=26431678&download=true

11/02/2020

it is the time of the year when you are either dreading or excited to do the Financial Aid Form for little Junior. Whichever maybe your case, it is always good to know what goes in the calculation so that you can ask the right question to the financial aid department of the college

U.S student loan is a whopping $1.67 trillion. For borrowers with federal student loans, the average student loan debt in America is $36,000 according to the m...

11/02/2020

Hello Friends,

I have a you-tube channel. I am planning to post personal finance topics that will be of interest to all. Check it out!

Savings needed for retirement. How to calculate the amount needed to fund your retirement goal?

10/25/2020

Ever wonder what is an IRA and when can you contribute to one? Here are the basics

What is the difference between a traditional IRA and Roth IRA? When can I contribute to an IRA? What are the advantages?

10/16/2020

“More than 40% of adults in America have suffered a financial impact due to the spread of the coronavirus pandemic. The impact of pandemic multiplied the hardships for everyone and inadvertently contributed more towards the existing wealth inequality between races.”

This was a wake-up call for me. After trying my hands
at helping immigrants in getting their financial house in order, I realized the biggest impediment in financial well-being is not just lack of financial literacy, but also lack of financial capability which is composed of knowledge, action, influences and access.

I am venturing into a new phase of using my know-how to provide financial consulting and coaching services to individuals through employer-sponsored seminars or one-one coaching for individuals.