Make Your Money Work For You
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The average investor loses money on bank fixed deposits (FDs). A one-year fixed deposit with a nationalized bank in India, assuming 30% interest tax, has provided returns less than consumer inflation in ten of the previous thirteen years. The investor ended up a full percentage point behind inflation over the course of those 13 years. That …
In India, the market for health insurance is expanding quickly. According to research, the market is anticipated to grow between 2023 and 2030 at a CAGR of 11.5%. The market is currently estimated to be worth $14.4 billion. The long-awaited Ayushman Bharat health insurance for senior citizens 70 years of age and older has been introduced by the …
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 …
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 …
Retirement planning for self-employed persons in India is an important but sometimes disregarded part of financial management. A recent poll found that 67% of Indians have a retirement strategy in place, up from 49% in 2020. It demonstrates how the Covid-19 outbreak has made individuals more conscious of the importance of saving actively for retirement. Self-employed …
I’d like to begin this blog post by stating that I never recommend that any of you borrow money to buy a car, as you may be aware that a car is a depreciating asset and thus what you spend on it, whether out of pocket or with loan interest, is always a financial burden. …
I could notice while discussing with my friends, relatives and others that they are somewhat confused or sometimes ignorant about the NPS withdrawal rules, which is also one of the reasons why they are not investing in NPS. Hence I have jotted down the NPS withdrawal rules below, which will help you to make some …
We would have been seeing in newspapers and hearing about stories from our friends, relatives, and others on how people are stressed out when insistent creditors come knocking on their doors, when their parents or their dear ones have passed away, and they have left out some outstanding loans. Unfortunately, it is typical for descendants to …
As chronic illnesses like diabetes, heart disease, and arthritis remain prevalent, it is difficult to navigate health insurance in India. These health disorders need on-going medical care, which heavily impacts health insurance decisions. The waiting time is an important consideration when purchasing chronic disease health insurance. This is the time between when you purchase the coverage …
While most Indians are financially unprepared for retirement, many are unaware of the gravity of the situation. In a recent poll, just 20% of respondents said that real retirement planning should begin before the age of 30. On average, respondents surveyed were unable to visualize the retirement corpus that they would need at the time …