Importance of having a WILL during this Pandemic
Protecting your assets and your loved ones has always been the first priority when one starts to plan their finances. The first step should be the protection of wealth and then the accumulation of the same. It is vital to realise how important it is to have a WILL. In India, majority of people think that they are immune to any unfortunate event. Ask those who have suffered. We have...
5 Financial Planning Mistakes To Avoid While Investing
Do you think just putting money in some investment products and getting income tax exemption is the meaning of financial planning? I am sure, many people around you actually think this is all about it. When I got my first salary, I started getting advice from my father and relatives to start investing money in small portions. In fact, many of my friends even started suggesting me some...
10 Personal Finance Tips for New Professionals
Earning income is not enough, investing and rerouting such money is most important. New professionals are mostly in the range of 20s. This is just the beginning of personal finance and if better financial planning is carried out at this phase, it would yield amazing results. This article will show how the young professionals who have just started their careers, should handle their personal...
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...