Make Your Money Work For You
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Everyone likes to make plans for the future. Planning ahead of time is an excellent idea for anything, from daily tasks to vacations. We even make an effort to arrange our yearly or monthly budgets. But not everyone is equally motivated to make retirement plans. A lot of us overlook the significance of retirement planning …
A recent poll found that ten years ago, tenants in important cities such as Bengaluru, Mumbai, Pune, Chennai, Hyderabad, and Delhi would rent nine times before purchasing a property. Today’s younger generation buys after renting just four or five times in their lifetime. For instance, in Bengaluru, the typical age of first-time house purchasers has …
“Do Nothing” is the straightforward reply to this question. In a perfect environment, if stock prices are at an all-time high, plummeting, or gliding sideways without making sense, you just ‘ignore’ these moves.You’re an investor in mutual funds, not an equities trader. You pay the fund company a sizable sum of money in costs specifically for …
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 …
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 …
According to the most recent SEBI data, a rising percentage of Indian investors are using SIPs to invest in mutual funds. While a disciplined investing approach may make a substantial contribution to wealth growth, it is critical to carefully plan investments and avoid rash selections over a certain time period. Here are a few factors …
First, let us try to understand what ‘SWP’ is. SWP stands for Systematic Withdrawal Plan, which is a means of redeeming your mutual fund holdings. You provide the mutual fund (in which you have invested) a standing order to redeem a specific amount from the fund on a regular basis. The frequency is normally monthly, …
In 1948, the McDonald brothers, Richard and Maurice, briefly halted their barbecue restaurant to simplify their operations. When they reviewed their sales, they realized that the vast majority of their revenue came from a few items (largely hamburgers). Now they had a daring plan: why not concentrate just on the best-seller items? They reduced their food …
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 majority of us strive for financial freedom during our working years. In actuality, having a solid strategy in place is the only way to fulfil your aim to become self-sustaining financially. Although the term “financial freedom” may have different meanings to different individuals, it is simply a condition that is attained when a person …