Make Your Money Work For You
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It is evident that today’s youngsters do not possess financial awareness. Youngsters believe that money mysteriously appears in their parents’ pockets to provide for their requests. If you have spent years and years of your hard-earned money to make sure your child has the greatest higher education possible and you can only see that they have not …
Investing through a multi-asset strategy offers benefits like diversification, but it also brings psychological drawbacks that can affect decision-making. Recognizing and addressing these psychological drawbacks is key to making informed and effective investment decisions. In this blogpost, we’ll explore how these biases impact multi-asset investing and provide strategies to overcome them for better portfolio management. …
The word “personal finance” involves investing, saving, and money management. None of our schools provide classes on money management; therefore it’s crucial to learn how to handle your finances on your own by reading competent books, articles, and listening to podcasts from some renowned experts in the subject. The fundamentals of personal money management include budgeting, emergency …
Although things rarely happen as planned in life, it is never a good idea to go on without knowing where you want to end up. According to a quote from Benjamin Franklin, “If you fail to plan, you’re planning to fail.” This is particularly valid when it comes to investing and saving. Usually, wealth isn’t …
The popular movement known as Financial Independence, Retire Early (FIRE) encourages people to save and invest huge amounts of money in order to quit their employment much before the conventional retirement age. A flexible and independent lifestyle is what the FIRE movement offers. But it takes a lot of self-control and resolve up front. The …
Sukanya Samriddhi Yojana (SSY) is a fixed-income program supported by the government. It is intended to assist parents save money for their daughters’ education and wedding. If you are having a girl child, then SSY scheme is definitely a beneficial scheme, in which parents can enrol to secure their girl child’s future. I strongly believe …
We always come across a saying that “Cash is King”. It is true not just for the businesses, but it is true for individuals as well. Many of us perceive cash as passing through our fingers like water, while constant costs leave little room for anything else. As a result, you must handle your cash …
In recent decades, many Indians have been cautious of the stock market. The Harshad Mehta scam (1992), Dotcom crash (2000), and mortgage crisis (2008) have all undermined investors’ wealth and led to several bankruptcies. Mutual funds, too, suffered a significant loss when Unit Scheme 64 collapsed in 2001. A lot of investors who had put their money …
Do you spend hours crunching figures before making a big financial decision? Do you let spread-sheets define your route to financial success? Are you using a set of guidelines for navigating your personal finances? Or do you let sentiments and other non-financial factors influence your financial decisions? If you’re looking for a unique way to …
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 …