Make Your Money Work For You
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Money habits are practices that support effective money management. The difference between financial success and failure can be determined by developing sound financial habits. You may increase your chances of becoming wealthy by adopting these five money habits. 1. Ownership of a Business: Salaried employees are rarely found in Forbes’ annual list of the world’s …
The Indian government launched NPS Vatsalya, a new program within the National Pension System (NPS), to promote retirement savings. The NPS Vatsalya program is a big step toward protecting our youngest citizens’ financial future at a time when financial planning is more important than ever. With the help of this program, parents or guardians may …
In the world of investing, three important aspects stand out: effectiveness, risk, and price. These three components are at the heart of several conversations, and the price has emerged as a distinguishing feature in the services provided of today’s leading wealth management organizations. Furthermore, regulators all over the world clearly see cost efficiency as a …
The concept of diminishing marginal utility states that when a product or service is used up several times, the enjoyment derived from its use declines. This suggests that the product or service loses value as more people utilize it. This is why people are prepared to pay the highest price for the first unit of …
While the vast majority of Indians are monetarily unprepared for retirement, many are actually unaware of the gravity of the situation. According to a poll, just 20% of individuals believe that real retirement planning should begin before the age of 30, and many of them have no clue how much retirement corpus they would need when …
When it comes to investing, there are some important points that we need to keep in our mind. These are not the points to keep in mind only while investing or only while starting our investment journey, but should be remembered by us all along our investment journey (in fact all along our life). I …