Planning & Zoning: Fill & Download for Free

This is such an exciting question. Here’s my future plan (at the moment).Before I begin, you should know that I suffered a spinal cord injury three years ago that left me paralyzed. Thankfully and luckily, I have made a spectacular recovery. However, I promised myself three years ago that I would find a way to cure paralysis caused by spinal cord injuries so that no man, woman, or child would ever have to walk in my shoes. That promise has greatly shaped my future plan.Age 23. I will have graduated Hopkins with two bachelor’s degrees—one in neuroscience and one in Spanish. I will have additionally earned a master’s degree in neuroscience. Most of my undergrad years will be spent researching and working on my project that benefits individuals with disabilities in Baltimore.Age 24. I will have convinced a medical school (hopefully UCLA, UChicago, Northwestern, or Columbia) to accept me—an individual with a physical disability—into its MSTP (MD/PhD) program. I will spend the next eight years working toward receiving my MD and PhD degrees. My PhD will be in neuroscience, of course.Age 32. I take a gap year to marry my beautiful fiancé and do research, and we have our first kid.Age 33. I start my four-year residency program.Age 34. My wife and I have twins and call it quits on having more children.Age 37. I begin my three year fellowship program in pediatric neurology.Age 40. I return to Baltimore and begin my career working at the Johns Hopkins Hospital. I focus primarily on my research and only see patients twice a week.Age 50. After 10 years at JHH, I am elected as chief of neurology at the hospital.Age 65. After nearly four and a half decades of dedication, my team and I have finally found the cure for paralysis. After a few years of testing and clinical trials, the drug/therapy is officially released for use around the world. We have done it. No longer will Abby or Will have to rely on their wheelchair to get around. They can return to the physical activities they once immensely enjoyed.That’s my plan, guys. It’s purely based on curing paralysis and beginning a wonderful family with the woman I love.I don’t care about money or fame, as I believe those are simply just distractions.I want to fulfill my promise that I made to myself many moons ago and love my awesome family.We will see how this all turns out. For now, I am just an awkward teenager with great aspirations.—KH

Being a true follower of Bajrang Dal and a blind devotee of Zakir Khan, my plan for this Valentine’s Day is to maintain my “sakhti” (toughness) towards the opposite gender.Like every year, I am still unable to manage any Rose, Chocolate, Hug etc this year, and this trend has been set since my last 3–4 births. Probably it has increased my determination towards my goal.I am truly thankful to God that I am an Indian, where searching for a bride is not my headache. Instead my parents and my relatives are more worried about my singlehood. Well, they were always worried during my board exams, engineering, company etc and now bride.“When you really desire something from the heart and soul, all the universe conspires you to achieve it.” — Paulo CoelhoSee, even brother Paulo agrees with me.So what will be my plan for this Valentine’s Day?It is a working day, so I will go to office.It is Wednesday, maybe I will turn my bike in for servicing.Then probably I will write some answer targeted towards life. Or maybe I will motivate people to not surrender on this auspicious day.For Zakir clouds are important. Similarly importance of Biryani will never cease in my life.And I will be taking a live session on Instagram (10 pm, 14th Feb). Those who will not attend, I can understand their commitments.And then after cursing everyone, I will sleep.Precautionary steps to save yourselves on this day:-Do not open any social media. It will brainwash your mindStay away from couples, they will give you serious heartaches.Don’t get jealous of couples, most of them will end up on Quora after their break ups. This is India, love marriages are still taboo.Try to stay away from every electronic device near you unless you are not on any life support machine in the ICU.Thank you guys! If anyone wants to follow my routine, they can stand in queue.PS: Those people who have trouble understanding “sarcasm and humor”, do not comment. I hate to report and block people, but still I do.

Have you invested in life Insurance plans to get returns on maturity in future?Did your insurance advisor/agent persuade you to buy ULIP insurance for your child education or retirement?If yes, you are trapped under one of the poorly understood areas of personal finance: Mixing Life Insurance with Investment.I once did my internship in a life insurance firm where my role was to do market research to understand why people buy life insurance. I did surveys and personal interviews with a lot of people and was surprised by my findings:90% people do not understand the difference between various life insurance products: Term Plan, Endowment Plan, ULIP plan, etc.Most of the people want to buy an insurance plan because they want to save tax.They think insurance is one of the safest investment options where you get decent returns on your investment.I was shocked!Let’s understand in detail…Q. Do you really need life insurance? If yes, why?A. Yes, you need life Insurance to financially protect your family in case of death.But…Unfortunately, most of the people fall victim to Insurance Agents.Most of the people do not understand that the fundamental reason behind life insurance is to provide life insurance and not investment.Let’s see what are the plans available in India’s biggest Life Insurance Company:Can you observe something?Most of the plans are in the category of Endowment plans and Money back plans. Only 2 plans are in Term Insurance category.This is because Term Insurance is the least profitable category for LIC. In this category, people pay premiums just for financial support to their family in case of death. Since people in this category do not mix life insurance with investment, they pay less premium for a specific amount of life insurance.Whereas, an endowment plan, people pay a huge amount of premium for the same amount of life insurance in term plan. The only difference is they get a specific amount of money on the maturity of the policy.Let’s understand the calculations of LIC Endowment vs Term Plan:Endowment Plan:Term Plan:Source: licpremiumcalculatorDid you observe anything?In order to get minimum sum assured of Rs 50 lakh on death, you have to pay an annual premium of Rs 2,27,167 in endowment plan whereas in term plan you just need to pay Rs 8,496!If you compare monthly premium, you need to pay Rs 19,333 in an endowment plan whereas just Rs 708 in term plan.You are paying a total premium of Rs 35,61,310 in endowment plan and just Rs 2,12,400 in term plan. A difference of Rs 33,48,910.Now you will say that in endowment plan, you will get Rs 1.35 crore on maturity after 25 years and you will not get anything in term plan. In this case, if we take the difference between endowment plan and term plan premium and invest that amount in better options like mutual fund then we will get much higher returns.Monthly difference in total premium for 16 years: Rs 18,625 ( 19,333–708)Note: We are replicating investment strategy of endowment plan where the premium has to be paid for 16 years.If you make a SIP of Rs 18,625 in mutual fund and expect a return of 12% then after 16 years you will get Rs 1.1 crore. Now, you keep that amount in the mutual fund without any further investment and keep getting 12% return for another 9 years, then by the end of 25 years, you will have Rs 3 crore which is Rs 1.65 crore more than endowment plan return!Source: sipcalculatorSource: easycalculationConclusion: When it comes to life insurance, you should never mix it with investment and always opt for term plan.In case we are meeting for the first time,Hi, I am Sahil and I educate people on personal finance.Thanks for reading my answer.Follow me for more answers on money management: Sahil Bhadviya