Make Your Money Work For You
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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 money management include budgeting, emergency …
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 …
Being in your thirties is one of the most important and hardest stages of life in today’s society. In our early thirties, we are often urged by the society to marry and establish a family. As was the case with many of the 90s’ kids (including Yours Truly), parents in those days often advise their children to …
Just a disclaimer here – “I am not a proponent of taking out loan in any form or for any purpose”. But the purpose of this article is to give some light to the readers on how tax deductions that come with education loan repayments, which makes these loans somewhat attractive. Higher studies are an …
As a disclaimer, I do not want any untoward incident to happen in any person’s life, but we also need to be a bit practical and be prepared for any eventualities in our life (and do not consider me as a negative person for writing this blog-post). The Covid pandemic inflicted a devastating blow to …
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 …
This is one of my favourite write-ups on personal finance and my increases my curiosity to understand the current generation’s thoughts on costly leveraged purchases (sometimes myself as well!). First of all, let us try to understand what is a ‘Leveraged spending’. For retail consumers such as ourselves, ‘leveraged spending’ means using debt or borrowed …
‘Just Keep Buying’, published in 2022 is a straightforward approach to personal finance that revels in debunking falsehoods and eliminating old cliches about money and personal finance. It delves into the psychology of money and presents a practical guide to making healthy financial decisions, including all-important subjects such as saving and making investments. The author, …
A vital question to ask college students nowadays is whether or not they are thinking about money. Being curious, acquiring knowledge and discovering new things appear to be too foreign for schools or parents to care about nowadays, as education is centered only on employability. Students have been trained to judge themselves based on their academic …
Making money is only half the battle; the other half is budgeting your finances to maximise your returns. A comprehensive financial plan is required to plan for the future, deal with contingencies, and build wealth. Personal finance is the science and art of handling one’s own and one’s family’s money. If you are unaware of …