Paper folders are displayed for sale at a store. (Photographer: Patrick T. Fallon/Bloomberg)

Does Your Investment Portfolio Have These Essential Ingredients? Monika Halan Says It Should

“A good money box is one that allows you to streamline your cash flows,” says certified investment adviser and author Monika Halan.

Halan’s concept of a money box is based on a real money box with different cells for different needs. In her recently released book “Let’s Talk Money” Halan lists the many cells an ordinary citizen should have.

  • Three bank accounts - to separate income, spending and investment cash flows
  • Five types of insurance - health, life, critical illness, accident and home (also group insurance for families)
  • Three types of investment cells - for short, medium and long term investments
  • One emergency account/fund
  • One retirement fund

Also read: The ‘Money Box’ Approach In Monika Halan’s ‘Let’s Talk Money’

While that sounds like an overwhelming amount of financial paperwork to take care of, Halan explains why it’s necessary in this interview clip.

Click here to read more about Halan’s book or watch the full interview with her.

Also read: Rules For Investing In Equity, Debt, Real Estate And Gold, By Monika Halan