7 Golden Rules of Financial Planning
We often learn by hard truths. That is to say, we learn by facing obstacles. The latest nerve raking demonetisation issue has already taken a big toll on the lives of Indians. If people ever did not think of planning their financial needs and goals, this time around they are seriously doing it in time. Financial planning is all about considering your future income against your expenses...
FM Throws A Lifeboat To Save The Sinking Economy
Union Finance Minister Nirmala Sitharaman addresses the concerns over the on-going economic slowdown in the country after Moody’s Investors Service reduced India’s GDP growth rate to 6.2 % from the previous estimation of 6.8%. The intent to announce a slew of measures to revive growth in the economy was to understand the concerns of the industry and help the sinking economy. The FM gave...
Confirm These Things First Before Hiring A Financial Planner
Our finance is as precious to us as our children and health and maybe that is why we wish to confer the same in reliable hands. In many cases, people like to take the final call regarding financial matters by themselves. Otherwise, a financial planner can serve him by ensuring the best possible utilisation of the hard-earned money. The crucial process of financial planning can take you a step...
Financial Planning For New Financial Year 2018-19
Most of you must still be reeling from the last-minute financial decisions you took a week back as the financial year came to a close. The new financial year is upon us and while last few days of the last financial year saw a sluggish market (thanks to a list of holidays), the new financial year has brought the focus back on finance and financial planning. So, if you are still procrastinating,...
The ABC’s of Financial Planning
We all have certain goals in life, things we wish to achieve, cars we wish to buy, countries we wish to visit. Inflow comes in form of earning from a regular 9-to-5 job, business or other sources. But seldom are we able to attain our goals in spite of having adequate financial resources. The main reason behind this lacuna is the inadequacy of financial planning which otherwise...
Is 5 Crore Enough To Retire in India?
Whether you are going to be retired at the end of your long professional career or just wish to take voluntary retirement only to enjoy life and freedom from compulsory professional obligations, at the time of your retirement what you invariably require is financial security or a lump sum corpus of money that can take care of all your expenses for the rest of your life. Well, there are several...
How To Manage Your Financial Diary In 2017?
A new year is a new opportunity to think about small and large ways to improve our daily lives. We can also make some new plans to plan out our new financial diary for a brand new year. By all means, your overall financial planning depends upon your earnings and prior assets, and most importantly entities such as student loans, housing, and car. Still, smart evaluation can keep you on a...
6 FINANCIAL HABITS THAT CAN MAKE YOU WEALTHY
If calculated the total amount of money that an individual earn in their whole life, it sums up to millions but have you ever imagined why all of these people are not millionaires? Why there are very few who can earn millions in their lifetime and become wealthy? Many people inherit wealth from their parents or grandparents and some work hard throughout their life and build their own empire...
10 IMPORTANT FACTS ABOUT WEALTH MANAGEMENT
Wealth management is a good practice and every person should have basic knowledge about wealth management. Knowing the important facts on tips about how you should and how you can manage your wealth in a way such that it provides you the maximum benefit and you can enjoy your money in a healthy way. The standard way of the wealth management includes handling of the most basic factor of...