1.Applying for a credit card Remember, “credit card” is not “free money”. It is the “most expensive loan ever” Think carefully, do you really need it. Instead use a “debit card” It is least expensive and it will keep you disciplined while spending… Continue Reading →
1.The best way to beat inflation and become a MAHA CROREPATI! Investing in equity stocks and equity mutual funds through a staggered approach (Systematic Investment Plan) is the best way to beat inflation. In the long term (take 15 to… Continue Reading →
1.Taking a loan to buy a car or any consumer durable (air conditioner, washing machine, mobile phones etc) Never take a loan to buy any product which depreciates in value (depreciation means losing value every day) You will get hit on… Continue Reading →
Most of us have watched and remember that iconic game show on TV. In that program, getting to the hot seat in front of the anchor was a matter of sheer luck. Then making money was a matter of knowledge… Continue Reading →
1.Pray each day before you pay Emotional and spiritual balance will lead to financial freedom. Ask God to guide you and give you strength to follow these steps every day. 2.Make long-term financial goals If you don’t know why… Continue Reading →
1.What is portfolio rebalancing? Portfolio rebalancing is the continuous process of changing your portfolio asset allocation, to keep it in line with the originally planned portfolio asset allocation model, which is as per your risk profile. 2.How does it work ? Equity markets can go… Continue Reading →
Buying life insurance policy, even though you have no dependants. This is the first fact; you need a life insurance policy ONLY if some one is depending on your income. If you are fortunate to have no dependents, then just ignore life… Continue Reading →
This article will help you understand “Inflation” and “How to beat it” 1. What is inflation? Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increases… Continue Reading →
1. Living beyond your means: You must make a closer analysis of all the things that you are spending your money on and whether you can do without them, e.g: spending on cable TV, cigarettes, entertainment, mobile phones, hotel bills,… Continue Reading →
1.What is Financial Planning and How does it work? Financial Planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a house, saving for your child’s higher education or planning for… Continue Reading →
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