Personal finance lessons for Flipkart millionaires

Walmart’s acquisition of Flipkart has generated one of the largest pools of wealth for employees in India’s corporate history. Employee stock option plans (Esops) held by about 100 current and former employees of Flipkart are now estimated to be worth more than $1 million. A recent Times of India article stated that the deal would make a few current and former employees of Flipkart dollar millionaires ( https://goo.gl/Uo6DLZ).

 

Now, ending up with such a huge windfall can trip up even the best of us. Most would not know what to do with such a large sum of money. We might end up making money mistakes which we will regret later-instead of growing this money or spending it wisely, we waste it all away.

Here are few personal finance lessons that the Flipkart millionaires can imbibe to make sure that their millions are well spent.

Evaluate your life goals 
Now is a good time to evaluate your life goals and your current asset allocation. Some might think that now that they have got this large pile of money, it would be a good time to quit and maybe start their own venture. Some might want to alter their investments they have made so far. “Before you invest, it is i ..



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