Make Your Money Work For You
Browsing Tag
Imagine a tightrope walker performing high above the ground under a large circus tent. The safety net below is not just a backup, it’s a vital part of the act that gives both the performer and the audience peace of mind. In our everyday lives, an emergency savings fund plays a similar role. It is …
Retirement should be a time of relaxation and enjoying the fruits of years of hard work. However, once you have built up a good retirement corpus, the challenge shifts to managing that money so it lasts as long as you do. A smart way to do this is by using a bucketing strategy. This strategy …
Everyone plans for the future, whether it’s for daily tasks or vacations. We even take time to organize our monthly or yearly budgets. However, many of us are less motivated when it comes to retirement planning. The importance of retirement planning is often overlooked, and we tend to delay it until later in life. Retirement …
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 …
One’s age or risk tolerance may have an impact on the age-based mutual fund investment plan they choose. Creating an age-appropriate mutual fund portfolio will assist you in reaching your objectives. Let’s examine how investors might utilize age-based mutual fund schemes to achieve their objectives at different stages of their life. Investing in your 20s: …
Everyone of us would be knowing about Charlie Munger. But just in case anyone reading this article is not aware of Charlie Munger, let us just see a brief introduction of Charlie. Charlie Munger was Berkshire Hathaway’s former vice-chairman and second-in-command to Warren Buffett. Serving as Buffett’s closest business associate and “right-hand man” for more than …
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 book “7 Secrets to Investing Like Warren Buffett”, was written by Mary Buffett and Sean Seah, and was published in 2019. This book provides a helpful summary of the most basic guidelines for investing like an expert. A lot of the advice it offers goes into the fundamentals of value investing. This has long …
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 …