5 Essentials of a Financial Status Check List
When it comes to assessing our financial strength and weakness, many of us just remain clueless. It is partially because we are not aware of the importance of such an evaluation. Another reason for such ignorance is probably that we do not know where to begin with. Before everything else, we should know the consequences of not doing an analysis of our financial strength and weaknesses....
Financial Planning – A Need not a Choice
Financial planning paves the way to achieve financial independence and plan a smooth retired life while one is still earning. Early planning provides a long horizon to multiply the investment. People of different age groups have different priorities, hence, each of them needs to plan accordingly to achieve their financial goal. Financial planning can have varied horizons and purposes for...
Everything You Need To Know About Wealth Management
What is wealth management? Wealth management has a wider scope and has long term wealth creation as its primary motive. As such, wealth management can be described as a wealth creation process where a team of professionals analyze the financial needs of the client and suggest the appropriate financial products. Such a process would include wealth protection (risk management), accumulation...
Financial Planning for Contract workers
Financial planning is considered to be essential for those people having contract or commission jobs or their income being seasonal or unpredictable. Proper planning can help to ensure that the ends are met adequately throughout the year. At the same time, it also helps to reduce stress, especially during times, when there is consistent low cash flow. Financial planning – An...
Financial Planning For Newlyweds
Marriage may be your bliss from heaven, but financial planning is what you have to do next. Such financial planning may now involve so many things like setting up of financial goals, debt restructuring, budgeting, tax planning, etc. This article will deal with financial planning for newlyweds. Identification of financial goals and objectives Most Important thing would be to...
7 Habits Of Financially Inefficient People
No one is immune to making mistakes as we are human after all. But we should learn from our mistakes as well as other people’s mistakes. If you want to learn faster, learn from other’s mistakes specifically in personal finance as making mistakes in personal finance can be very costly. The purpose of this article is to learn from the common mistakes made by financially unorganized and...
FINANCIAL PLANNER, the need of the hour
Everyone has some dreams in life – whether it is starting a new business, buying a new house, traveling the world, planning your family’s future, or retirement. All these are called financial goals. As these goals have emotions, it also has a monetary value. Financial awareness, therefore, becomes a vital ingredient to effectively plan all of the above. Being aware of your requirements...
Sovereign Gold Bonds – Should you invest?
Sovereign gold bonds are government securities with prices linked to the value of the underlying asset i.e. gold. They are issued by the Reserve Bank of India on behalf of the government. In the current financial year 2020-21, RBI had introduced six tranches of the government’s sovereign Gold bond. The first issue happened in the month of April. Now the time has come for second tranche....
How not knowing Emergency Funds makes you a Rookie
What if you lost your job or got injured? How would it affect you financially? ‘Emergency funds’, well the word says it all. It’s a fund used to meet your emergency needs. Many people do not know the meaning of emergency funds. They do not realize the importance of having one. Emergency funds are kept so that when an unplanned event occurs, there are funds available to pay...