About Chalk2Wealth –Why Chalk2Wealth Exists
India is facing a deepening financial literacy crisis — and our educators are among the most affected.
Our teachers retire with respect — but not with wealth. Despite decades of service, many educators still rely solely on GPF and blind trust, unaware of smarter, accessible tools like SIPs, PPF, term insurance, and emergency funds.
“Reality is uncomfortable. Recent reports have repeatedly highlighted low financial literacy in India and widespread mis-selling of financial products—especially through aggressive bank channels. Investigations in 2024–2025 also pointed out how commissions, complex insurance-linked products, and poor disclosure often hurt ordinary salaried families. Teachers and school staff, who trust institutions and don’t get formal money education, become easy targets.”
According to an ET Edge Insights report (Dec 12, 2024), only 27% of Indians are financially literate, leaving a staggering 73% financially unaware — with an even wider gap between rural and urban populations. This alarming trend was further supported by TaxGuru’s July 2025 report, underscoring the urgent need for foundational financial education across the country. And the system? It’s failing the very people it should protect. A July 2025 Outlook Money investigation revealed that banks in India earned ₹1,773 crore in commissions in FY24 by aggressively pushing financial products — primarily insurance and mutual funds — many of which collapsed prematurely or failed to serve any real purpose for the buyers. Tragically, teachers, clerical staff, and school support workers remain easy targets due to a lack of awareness and guidance. Further, a July 18, 2025 report by India Today exposed the ULIP trap — calling it India’s most mis-sold financial product, commonly pushed by banks and insurance companies without explaining the costs, conditions, or risks involved.
Somewhere along the way, the system has left many educators without the financial clarity they deserve.
At Chalk2Wealth, we believe that personal finance for Indian educators must be made simple, honest, and empowering — so every teacher can retire with clarity, not confusion… with peace, not paperwork.
Personal Finance for Indian Educators — Shaped by Real Classroom Experience
I’m Jagan Charak — a school head, a father, and a lifelong learner in personal finance, just like you. Over the past two decades in education, I’ve seen a recurring truth:
Most Indian educators are never formally taught how to manage money — they’re often expected to figure it out on their own.. As a result, many teachers end up with mis-sold insurance, no real investments, and retirement plans built on hope instead of strategy.
But in 2009, I decided to change that — for myself and others.
I began studying personal finance with intention — devouring every issue of Mutual Fund Insight, Outlook Money, and Business Standard I could get my hands on.
In my home, you’ll always find a pile of Mutual Fund Insight and Outlook Money magazines on the table. Sometimes, guests take them home — and return with more questions than before.
And that purpose became Chalk2Wealth — a trusted platform dedicated to simplifying personal finance for Indian educators, families, and students.
Here, I share what I’ve learned — about mutual funds, emergency funds, budgeting, insurance, and retirement planning — not as an expert, but as a fellow educator who has lived the same financial doubts and decisions.
About Chalk2Wealth: Our Mission at Chalk2Wealth
At Chalk2Wealth, our mission is to make personal finance for Indian educators, families, and students not just accessible — but deeply personal and practical.
We do this by helping people like us:
- Understand where every rupee goes — from the first paycheck to the last retirement benefit.
- Say no to mis-sold financial products that promise returns but create long-term disappointment.
- Use trusted tools like SIPs, PPF, term insurance, and real-world budgeting to build lasting security
- Teach students money lessons early — so they grow up confident, not confused about money
- Create lives where teachers retire in peace, families feel prepared, and students become financially confident adults
I started this blog because I’ve made the same financial mistakes many others have. But I’ve also learned that when teachers and families truly understand money, everything changes — not just bank balances, but long-term security and peace of mind.
This is more than a blog. It’s an ongoing effort to bring clear, honest personal finance education into the hands of those who’ve been left out for too long — our educators, our children, and our homes — slowly, responsibly, and without shortcuts
About Chalk2Wealth: Who Should Read This Blog?
Chalk2Wealth is for anyone who believes that personal finance for Indian educators, families, and students should be simple, honest, and grounded in real life.
You may find Chalk2Wealth helpful if you are:
• A government or private school teacher planning beyond GPF
• A principal or school head supporting staff and students financially
• A clerk, warden, or support staff managing monthly household expenses
• A young educator ready to start saving and investing thoughtfully
• A retired teacher looking to secure life’s savings wisely
• A parent or student curious about building strong money habits early
When Teachers Learn Finance, Families Feel Safer — and Students Learn for Life
Most educators are never formally taught how to manage money — we teach many subjects in school, but personal finance is often missing. I’ve seen passionate teachers retire in uncertainty, and young educators feel lost when it comes to savings, budgeting, or investing.
But the impact doesn’t stop there.
When teachers aren’t financially confident, families remain unprepared — and students grow up without ever seeing what healthy money management looks like.
That’s why Chalk2Wealth exists — a safe, honest space where personal finance for Indian educators, families, and students is made simple, practical, and jargon-free.
Because when teachers lead with financial confidence, they don’t just teach lessons — they quietly shape better futures.