The Reality No One Talks About
🧠 India has a financial literacy crisis.
According to Business Standard December 2023 report, 76% of Indians are financially illiterate. Shockingly, the situation is even worse among teachers and educators, despite being the ones who prepare others for life.
⚠️ The financial system isn’t helping — it’s hurting.
A May 2025 post by Outlook money India found that financial products like insurance, endowment plans, and ULIPs are among the most mis-sold in India — often sold to low-income or trusting individuals like school staff and teachers. Further, Economic Times reported that customer complaints to the RBI Ombudsman rose by 68% in 2022–23, many involving mis-selling of insurance and unclear product pitches.
🏫 Teachers retire with respect — but not with wealth.
Most rely on GPF and hope, unaware of smarter tools like SIPs, PPFs, and term insurance. But in today’s world — hope is not a financial strategy.
🔍 Why This Blog Exists
I’m Jagan Charak, a school Head, father, and financial learner — just like you.
After two decades in education, I saw a pattern:
- Teachers never ask for financial help — because no one ever taught them.
- They end up with mis-sold insurance, no real investments, and zero planning.
- Their retirement brings more regret than relief.
That’s why I created Chalk2Wealth.
A safe, honest, and simple platform where teachers can finally learn about money — without shame, confusion, or pressure.
Our Mission
To empower Indian educators — teachers, principals, and school staff — to:
- Understand where their money actually goes
- Say NO to mis-sold financial products
- Use trusted tools like SIPs, PPF, Term Insurance, Budgeting
- Build a life where they retire with peace, not paperwork
Who Should Read This Blog?
- Government or private school teachers
- Principals and academic heads
- Hostel & clerical staff
- Young educators just starting out
- Retired teachers looking to secure their savings
Why Chalk2Wealth ?
Education First
We simplify, not complicate.
Clarity
We avoid jargon
Trust & Honesty
Practical advice, zero bias.