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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 …
Let us first understand – ‘What are ULIPs’? Insurance plans are intended to assist people in achieving their long-term objectives. A Unit Linked Insurance Plan (ULIP or commonly known as ‘Ulip’) is a form of life insurance plan that brings together investment alongside coverage. It is the sort of insurance coverage that both enables investors preserve for long-term goals …
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 …
When it comes to investing, there are some crucial points we must remember. These key insights—including essential Long-Term Investing Principles—aren’t just for when you’re starting out; they should guide you throughout your entire investment journey (and, indeed, your life). Please note that the Long-Term Investing Principles outlined below are not an exhaustive list, but they …
It is crucial to create a well-balanced financial plan to fund higher education costs. In this blog, we will discuss how to build a child education investment strategy. The cost of quality education has surged over the past decade, making it essential to start planning early. While tuition fees have reached an all-time high, a …
In today’s fast-paced world, the quest for financial stability has become more crucial than ever. Money fuels almost every aspect of our lives, from securing our family’s future to pursuing our dreams. Yet, in the midst of the relentless race for income, many of us overlook the fact that a pleasing life is built on …
The debate between “buying vs renting a home” appears tedious. It is more an issue of decision and budget than of right or wrong. Owning a home is a major accomplishment, particularly among Indian households. If you have a reliable source of income, especially if you are married and both of you are employed, doing …
Rich Dad Poor Dad, published by Robert Kiyosaki in 1997, combines autobiography and personal advice to illustrate how to become financially independent and prosperous. Robert Kiyosaki is a businessman and investor with a net worth of more than $100 million. His ‘Rich Dad’ brand has released over 15 financial self-help books, with over 26 million copies …
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 …
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 …