A Crisis in Silence: Why Chalk2Wealth Exists
India is facing a deepening financial literacy crisis — and our educators are among the most affected.
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 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.
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.
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.
Why Chalk2Wealth Exists
Personal Finance for Indian Educators — Built on Real 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 taught how to manage money — they’re 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. That passion turned into purpose.
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.
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 deliver regret
- 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 smarter, not scared, 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 understand money, everything changes — not just bank balances, but futures.
This is more than a blog. It’s a movement to bring real personal finance into the hands of those who’ve been left out too long — our educators, our children, and our homes.
Who Should Read This Blog?
Chalk2Wealth is for anyone who believes that personal finance for Indian educators, families, and students should be simple and real.
Especially if you’re:
A government or private school teacher planning beyond GPF
A principal or head supporting staff and students financially
A clerk, warden, or support staff managing monthly expenses
A young educator ready to start saving smart
A retired teacher securing your life’s savings wisely
A parent or student curious about building strong money habits
When Teachers Learn Finance, Families Feel Safer — and Students Learn for Life
Most educators are never taught how to manage money — we teach everything in school, except personal finance. I’ve seen passionate teachers retire in uncertainty, and young educators feeling lost when it comes to savings, budgeting, or investing.
But the impact doesn’t stop there.
When teachers aren’t financially confident, their families stay unprepared — and their students grow up without ever learning what 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 better — they inspire better futures.
Education First
We simplify, not complicate.
Clarity
We avoid jargon
Trust & Honesty
Practical advice, zero bias.