Sushil Kumar from Bihar just won the Rs 5 crores jackpot (Rs. 50 Million) on the fifth season of Kaun Banega Crorepati. (For those who do not know KBC, this is the Indian version of Who wants to be a Millionaire)
Sushil Kumar will not receive the entire Rs. 5 crores, the tax department will eat up about one third of his jackpot leaving him with about Rs. 3.5 crores; that's still a sizeable amount.
Let us see how it can help Mr. Sushil Kumar - a post graduate in philosophy and an IAS aspirant - in his life. He is currently a school teacher earning a meager Rs. 6000 per month.
In an interview Sushil Kumar revealed that he has some obligations that need to met first before he invests the rest of his money
- An elder brother who wants to set up his own business
- A younger brother wanting to quit his 'piddly' Rs. 1500 per month job and also wants to start a new business.
- His parents will want a nice big house - befitting the 'crorepati' son's status
- Sushil Kumar himself plans to quit his job in order to concentrate on his IAS exam.
Sadly, along with a big amount of money God does not gift one with 'financial wisdom' - not even the wisdom of knowing that he needs unbiased financial advice. I can see a tomorrow and, therefore, find it difficult to rejoice in his success.
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