Santanu Debnath is a passionate blogger who loves to write about personal finance, insurance, money saving tips and every day life hacks on his site, MyDailyLifeTips.com. Santanu recently checked in with us to share his insight on term life insurance. Here's what he had to say:
What's your background in personal finance? How did you become interested in the topic?
I think everyone has their own background that forces them to understand what personal finance is and how to manage it. Personally, I am not a certified financial planner or from a finance back-ground, but like many others, I have learned about personal finance through life experience and making mistakes with money.
In the early days of my marriage and career I was hardly able to save and invest a penny. More importantly, I was not really aware of why one should invest or how much that should be.
But after becoming a father, I discovered a new me. I've become more disciplined, more planning-oriented and more committed which compelled me to think more about personal finance and money management.
Later when I had started reading more about investment and insurance, I found huge interest in this topic. Right now I am sharing my knowledge and the experiences I have had and I learn every day so that people can link with that and start planning investments right from the beginning.
I believe that one shouldn't just follow someone's advice when investing or buying insurance, even if he/she is an expert advisor. It's important to ask questions related to the financial product.