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Financial planning is an essential part of one’s life journey. A large group of us, commonly referred to as the middle-class, at times are unable to find financial solace. Lack of stability could be due to several reasons, such as incurring inadvertent expenses, not setting the right monetary objectives or turbulent inflows. Therefore, we have…
What is the right age to begin investing? The answer is, one should start investing as soon as the person is lawfully allowed to invest. In this article, we will elucidate upon the power of compounding and benefits of early investing. Early-stage investing helps in many ways, and one of the most significant benefits is…
We need a lot of money to live life happily. Money is the solution to all problems. Whether true or not, this is what many of us heard while we grew up. But, no one mentioned how much. And for most, the more, the better. There is about Rs 25 lakh crores of printed currency…
To achieve financial freedom is one objective close to my heart, like many of you. We all know something about financial independence and work towards the same. But, only a handful succeed to achieve true financial freedom in India. The focus here is to break the process into clear steps and help you strategize for…
Medical expenses come unannounced, thereby leaving us minimal time to manage funds. A Mediclaim policy becomes a saviour and helps you tide over a hospitalization bill, entirely or in part. The insurance policy is essentially a contract between an insurer and the policyholder. The insurer agrees to cover costs up to the sum assured subject…
Amateur or an expert, every investor wants to know how mutual funds fit their overall investment strategy. Common questions that cross minds are regarding the benefits of mutual fund investment and the importance of mutual funds in the overall investment planning process. To start with, let us first understand what a mutual fund is. And after…
Save money—Diversify your portfolio—Take the right investment decisions—Be future-ready financially. These are some of the most common financial pieces of advice you may have received. It is also true that we should live in the present. In this dilemma, has a question ever crossed your mind – Why should you save money for the future? There…
An investment strategy aims to meet financial goals keeping in mind risk appetite and individual preferences. Creating an investment purpose serves as a guide to developing an investment plan – here are thumb rules to make an investment plan that help you begin and construct the investment framework: Define financial goals, i.e. state your investment…
Mutual funds are a popular form of investing in today’s times. Investors get attracted to mutual funds given the flexibility and benefits it offers. Some of the common advantages are: Start with a small amount (e.g. Rs 1,000) Diversification across asset classes possible irrespective of the investment amount Systematic investment plan (SIP) habituates investors to…
Sometimes you have to decide to move on, but it may not be easy if strong emotions are attached to the conclusion. The decision to sell your family house is one example where intense feelings are involved, and the house’s disposal process can be challenging. You may prepare yourself for a physical disconnect, but it…