Make Your Money Work For You
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If we can look around our house, we can see that there are many items or appliances (especially kitchen appliances or electronic appliances) that are not new, and are age old. Few such examples are our mixer, grinder, refrigerator, washing machine, etc., which have been with us for a long period of time. Maybe 25 …
Inflation is still a contentious problem that has alienated everyone from central banks to people due to its erosion of value and depletion of savings. The vast majority of people attribute excessive inflation to external factors such as supply chain disruptions brought on by the geopolitical events surrounding us, which shook the world’s markets. Unreasonably …
Every parent wants the best for their kid, including financial freedom. This is why parents in India fund their children’s higher education and wedding. Despite having strong academic backgrounds in their respective fields, many children struggle financially. This blog is a good read for parents who are trying to teach their kids about money and prepare them for …
The majority of us strive for financial freedom during our working years. In actuality, having a solid strategy in place is the only way to fulfil your aim to become self-sustaining financially. Although the term “financial freedom” may have different meanings to different individuals, it is simply a condition that is attained when a person …
Before even starting this blog article, I would like to give a heads-up on how did I arrive at this figure of Rs. 50,000. In India, the median average income is Rs. 5 lakhs per annum. This arrives at approx. Rs. 50,000 per month. Hence if a person gets one month salary as his annual …
Calculating the worth of your time is both intriguing and valuable. Financial independence provides you with alternatives and choices. But without time, that is meaningless. Time is a valuable asset that should be used carefully. However, even if this question is straightforward, coming up with a meaningful answer might be difficult. It won’t assist you much …
Which one would you pick if I asked you – 1 crore rupees at start of the month or 1 paisa that would double every day for the following 31 days? Yes, you read that correctly. It’s not one rupee, but one paisa – 1 paisa, which doubles every day. So if you get 1 paisa …
We need to emphasize ourselves that it is critical to design a well-balanced financial plan to fund the higher education costs of children. In this blog, we will be discussing about how we shall save for our child’s higher education. Although higher-quality education has driven children’s fees to an all-time high in the last couple …
Achieving millionaire status is not simple. For the majority of people, it seems unattainable given the widening wealth disparity between the affluent and the poor. Yet, 80% of millionaires are first-generation “wealthy,” according to management theorist Thomas J. Stanley, who analysed more than 1,000 millionaires for his book “The Millionaire Next Door”. In other words, …
Several economists, business executives, and other professionals think that a recession will occur in 2023 or in 2024. Battening down the gates in your financial situation is usually a smart idea during a recession. Create a solid budget, increase your cash reserve, pay off debt, safeguard your credit, and take other steps to withstand a …