One of the important roles of financial literacy is to know when the money is enough and when to stop pursuing money. Those who think devoting life to earn money till the body works are not only financially illiterate but also life illiterate. The purpose of life is not to earn money, exploit the body in the dedication of earning money, suffer, and die. The money is … Continue reading Your Financial Literacy Without This Is All Useless
Becoming rich is a dream. Is it your dream too? Becoming rich and building wealth is possible even if you earn less. Earning more is not necessary to become Rich. Saving regularly is the key. Rs. 1,000/- invested monthly for 21 years at a 12% rate of return, becomes Rs. 11.40 lakh Rs. 5,000/- invested monthly for 21 years at a 15% rate of return … Continue reading How to Become Rich With Less Income
PMC Bank depositors are struggling to solve their problems. Godwin Jewellers investors are worried. There are several such companies and banks which fail from time to time. Gullible investors/depositors lose their hard-earned money. In the 90s it was IPO scams, and plantation companies robbed investors. Every now and then the comes promoters who shake the system and benefit out of its inefficiencies. The Govt is doing … Continue reading Investor Grievance Redressal – What You Need to Know
Do you want to create wealth? Do you find it difficult to control your spending? Are you looking for ideas to spend less and save more? Read on this post. Here we have shared 8 ideas to spend less and save more. The wealth is created by investing what you save. What you save is the difference between what you earn and what you spend. Therefore the … Continue reading Do You Know The Art of Spending Money?
Today I received an SMS from sbiccpay.com stating that my SBI Card reward point is expiring today. the message contained a clickable to redeem the points. Here is a screenshot of the site. They are asking not only email ID but email password and credit card CVV number and date of birth. With these details, they can use your email, use your credit card. It … Continue reading 9 Online Frauds You Need to Know to Avoid Losing Money
A good Financial Planning also takes care of wealth distribution to the next generation. You invest in a life insurance policy to protect your family member after your death. You make a WILL to make their lives easy after your death. You also make a WILL to distribute wealth in a fair way. You make a WILL to express all your wish about your wealth. “When you do … Continue reading Why You Need to Make a Will?
“Risk comes from not knowing what you are doing.” Warren Buffet Investment is a risky affair. Since it is about your money, this risk is important to understand. Here we present in brief the risk associated with different financial investment products. The Safest Investments in India: Government bonds, Public Provident Funds, all investment schemes of the Post Office are the safest investments. Return offered is … Continue reading The Risk of Investing in Investment Products You Need to Know