Make Your Money Work For You
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First, let us see the definition of Gen Z. Generation Z (commonly abbreviated as Gen Z) is the demographic generation that succeeds Millennials and precedes Generation Alpha. Gen Z is the cohort of persons born between 1997 and 2012. Millennials, on the other hand, are a demographic generation born between 1981 and 1996. They are …
Say you have a goal of purchasing a house in 5 years and another goal of your child’s higher education in 10 years. You would normally invest in a 5-year bank recurrent deposit (RD) and an exchange-traded fund (ETF) for the 1st goal. Likewise, you will invest in a 10-year RD and a different ETF …
I will start this blog article with the assumption that you are likely aware of the term ‘Systematic Investment Plan’ (SIP). Just to give a refresher for newbies, SIP is nothing but an investment strategy that allows you to invest a fixed small amount of money in mutual funds every month periodically, instead of lump-sum …
The short answer to this question is “It depends”. Every year, around 10 million marriages take place in India. While it was formerly the standard in India for couples to pool their money after marriage, many couples are currently adopting a different path. Some couples choose to have independent assets despite sharing the obligations and costs. According …
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 to …
The 2017 book “You Are a Badass at Earning Money” provides a novel and fascinating viewpoint on what it takes to make a lot of money. You must develop your mind-set and comprehend the power of money if you want to become a master of money-making. Quit making excuses and giving yourself the false impression …
Most young people may be faced with a familiar dilemma – should they consume now and save later, or should they begin saving now? The alternatives and opportunity to spend are many for today’s youthful population. There is absolutely nothing wrong with spending some of what you make; nevertheless, you must also do one thing …
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 …
Prior to the emergence of credit cards in the mid-twentieth century, saving was more than simply a good habit; it was a must. You would have nothing to fall back on if you didn’t save for a rainy day. But nowadays, only a small percentage of the population saves enough money to keep a fair …