Make Your Money Work For You
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Today’s youngsters often lack financial awareness and assume that money magically appears in their parents’ pockets to fulfill their desires. Despite years of hard work and spending your hard-earned money on their education, the absence of teaching kids financial responsibility can lead to significant challenges in their future financial management. Consider taking out an educational …
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 finance or simply put, your …
Life rarely unfolds exactly as planned, but moving forward without a clear goal can lead to missed opportunities. As Benjamin Franklin famously said, “If you fail to plan, you are planning to fail.” This timeless advice is particularly relevant when it comes to saving and investing. Building wealth is not an instant process—it requires consistent …
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 …
In today’s fast-paced financial landscape, the very idea of being frugal has evolved. No longer is it just about searching for every penny. Instead, it’s about making strategic decisions that balance long-term investments with the ease of modern consumer financing. This blogpost delves into the transformation from traditional, cost-conscious habits to a more dynamic approach …