Upper classes are a nation’s past; the middle class is its future. Ayn Rand The irony is middle-class earners are busy earning money and aspiring to become rich. In the process, they just ignore the very process to enhance their financial wellbeing. We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially … Continue reading Money Basics Middle Class Needs to Master for a Good Life
When it rains earth, mountain, lawns, and bridges all get wet. The value of shelter goes up. Similarly, in times of Warmongering and actual war, the performance of national economies, private companies are affected as the risk increases. The value of the unaffected metal Gold goes up. We live in fickle times. Things change overnight. A terrorist can attack twin power and the world become an unsafe place. Nuclear … Continue reading Why Is Gold Not The Safest Investment in Uncertain Times?
“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.” Robert Kiyosaki This is a classic case of how financially prudent decisions can change your life forever. Here is a family of 3, a couple and a young son just turned 20. Both husband and wife, in their early 50s, … Continue reading How Can Financial Illiteracy Keeps You Slave Forever? Real Life Casestudy
Life is uncertain. Death is certain. There are family members dependent on you. Your death can make them vulnerable if they are not financially secure. You have still not achieved the level of savings required for a comfortable lifestyle after retirement. In these circumstances, Life insurance is the only investment that can rescue your family from financial distress. There is a famous quote that aptly … Continue reading Why Shouldn’t You Escape From Life Insurance?
“College graduates spent 16 years gaining skills that will help them command a higher salary; yet little or no time is spent helping them save, invest and grow their money.” Vince Shorb, CEO of the National Financial Educators Council Karvy is pledging customers’ shares, PMC bank joining hands with the fraudulent borrower, DHFL lending recklessly to builders. Many such companies in the financial system thrive and defraud every now and … Continue reading Nothing is Safe, How to Minimise the Risk?
We all know putting all eggs in one basket could be dangerous if the basket goes bust. Similarly, keeping all your savings and investments in one class of assets could be either risky or would not give a reasonable mix of return. There are several classes of assets available for an individual to park their savings. Some are risky, some are safe, some are reasonably safe, and some … Continue reading Do You Know Asset Allocation is the Key to a Successful Financial Planning?
PMC Bank scam and many such scams that sprung up every now and then have shaken the trust of the depositors in the financial system of the country. But the scenario is not that bad. There are various safe investment options available to investors. One of the safest and trustworthy institutions of the country Post Office offers several investment schemes for the depositors and savers. … Continue reading The Safest Investment Schemes You Need to Know
Investing in the stock market is a painful experience for most of the investors. The market like a pendulum can change the fortune either side. We invest by tips, news reports, friends’ recommendations, expert recommendations, our own analysis, on gut feeling. We invest in turnaround stocks, best performing stock, dark horse and on technical charts. Yet most are struggling to make money, some could change … Continue reading The Easiest Way to Pick-up Stocks for Long-Term Gain
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
Once I was with my client at a coffee shop in the 5-star hotel. I was asked about my coffee choice. Out of the multiple options , I was not sure what to order so I left it to the client. I thought when we had only two options of coffee i.e. filter coffee, and Nescafe life was easier. With the arrival of Starbucks and … Continue reading A Short Post on Personal Finance for Quick Understanding
Do you know the precious wealth you possess? Many people are ignorant about the priceless wealth they possess. If you are also one of them, read on to know more. Do you determine your wealth only by monetary measurement? If your answer is yes, you need to quickly redefine your definition of wealth. Wealth has many dimensions. Henry David Thoreau, an American Poet, and Philosopher … Continue reading Do You Know You are Wealthy Without Your Knowledge
“The wisdom of the wise, and the experience of ages may be preserved by quotation.” Isaac D’Israeli “Wealth consists not in having great possessions, but in having few wants.” Epictetus “Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” Zig Ziglar, Author & Motivational Speaker. “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual … Continue reading 24 Wealth Building Expert Quotes You Can Learn From
Many people like to retire early and many do not like to retire till death. The single most important condition to retire at 40 is to have a desire to retire at 40. Many people who have enough to survive for a couple of generations are not retiring at 70. They keep working and work for money until their body says no. Some people are so … Continue reading Why Do You Need To Go To The Work Tomorrow?
“Failing to plan is planning to fail.” Alan Lakein Yes, failing to plan the risk management puts you and your family at high financial risk. Risk Management is usually not considered a part of Financial Planning. It is a big mistake. Risk Management is not about the risk of investing in risky investments. It is about managing risks of untoward events in the life of any … Continue reading High Financial Risks You Need to Know for Your Family
Imagine your parents had invested rupees 1 lakh when you were born in 1993. Then they were busy in your upbringing, education, and managing own career. They forgot about the shares. Last year when you completed your studies and got the first job they found the share certificates of the investments made in 1993. Out of curiosity, they checked the share price of their holding … Continue reading 3 Things You Need to Know About The Wealth Creation From The Stock Market
“Financial education is more valuable than money.” Mac Duke The Strategist Your secured investment can become unsecured. Yes, do not be under the impression that investment which marketed to you as secured will always remain secure. The case in study is secured non-convertible debentures (NCD) issued by NBFC DHFL. But it applies to all the secured NCDs. The debentures are secured by way of charge on assets created by the company … Continue reading When Secured Investment Becomes Unsecured & Risky
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?
Maintaining books of accounts is not just a requirement for entrepreneurs but it is also a necessity even if you are a salaried employee. “Accounting was the course that helped me more than anything.” Julian Robertson Yes, accounting is an important part of managing your finances. The reality is accounting is mostly ignored. Maintaining personal books accounts is good practice. It is one of the key aspects … Continue reading Why is Maintaining Books of Accounts Important for Employees?