Make Your Money Work For You
Browsing Tag
Transitioning from tenant to homeowner is a significant milestone in life. This journey involves understanding the financial, emotional, and practical steps to make homeownership a reality. Whether you’re a first-time buyer or looking to upgrade, knowing the essential aspects of this transition will help ensure a smooth and successful shift from renting to owning your …
Income from capital gains” refers to any profit or gain arising from the sale of a “capital asset.” These profits are subject to capital gains tax in India in the year the asset is transferred. Capital gains are broadly categorized into two types: short-term capital gains (STCG) and long-term capital gains (LTCG). Profits generated from …
One asset class that has caught increasing attention in recent years is infrastructure, accessed through Infrastructure Investment Trusts (Invits). Investing can sometimes feel like sailing on a choppy sea. One day, the market might surge; the next day, it may plunge. Inflation slowly erodes purchasing power, while geopolitical tensions, whether trade disputes or conflicts, can …
According to a media report, over Rs 82,000 crore of unclaimed wealth is locked in misplaced and discontinued investments. This includes unclaimed deposits in inactive bank accounts, terminal proceeds from insurance policies, and retirement funds lying dormant in PF (Provident Fund) accounts. Some individuals are incredibly organized when it comes to their investments and financial …
In today’s fast-paced world, young professionals and students often struggle to balance their finances between enjoying life today and securing financial stability for tomorrow. With endless opportunities to spend on experiences, gadgets, dining, and travel, the temptation to prioritize the present is ever-present. Yet, the secret to a worry-free future lies in balancing that immediate …
The longer we age, the more knowledge we get in terms of personal finance and money management. Personal finance may be intimidating at times. It appears to be a pretty convoluted riddle at times. While there are no financial hacks that will suddenly add money to your bank account, there are several personal finance hacks …
Asset allocation is the distribution of various types of assets throughout an investing portfolio. Equities, fixed-income instruments, and cash are the typical asset classes. Other asset types include derivatives, real estate, gold, cryptocurrency, and so on. However, these asset classes are usually referred to as alternative investment instruments. The first step in creating an investing portfolio is …
This book, ‘The One-Page Financial Plan,’ explains why money is important to you and provides you with all the ideas and tactics you need to achieve your financial goals. Carl Richards is a Certified Financial Planner known best for his New York Times weekly “Sketch Guy” column, which uses doodle-like images to explain complicated financial …
The quality of your life is largely shaped by your habits, especially your financial habits. Individuals who achieve financial success often do so by cultivating financial habits that play a significant role in their journey. Many wealthy individuals were not born rich, and reaching their current level of success was far from easy. A key …