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?
“No one is dumb who is curious. The people who don’t ask questions remain clueless throughout their lives.” Neil deGrasse Tyson. Knowing the competency and independence of the professionals we work with is important. Usually, we go to doctors or chartered accountants referred to us by someone known to us. With the opening up of the financial sector in India, we have plenty of investment … Continue reading What You Need to Ask Your Financial Planner?
Though the Mutual Fund Sahi Hai campaign by AMFI needs to be more convincing, yet the message of the campaign is Sahi. It all started in India with the first scheme Unit 64. After years there as another scheme Master Share which received tremendous response from the investors. The investors invested in the new scheme on a massive scale and expected return like from an … Continue reading How to Evaluate Mutual Fund Performance? Criteria You Need to Know
Learning from the experience of successful people is the quickest way to learn. Books by experienced people are the best source to learn from these people. Some books remain with the readers throughout life. Some of the lessons learned from the stalwarts at an early age make a sea change in one’s life. “ If we encounter a man of rare intellect, we should ask him what books he reads.” … Continue reading 2 Powerful Wealth Creation Books To Read ASAP
Do you want to be rich? Since you are reading this post, the answer would be Yes. Becoming rich is everyone’s dream. Some give up midway, some pursue it relentlessly, and some actually become rich. At the end of the day, it’s all about luck but at the beginning of the day, it’s all about your efforts. When it comes to your efforts, you would … Continue reading Do You Possess These Characteristics to Become Rich?
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?
One of the important aspects of financial planning is planning for death. It may sound unkind but it is an important aspect of financial management. It is crucial to protect your family’s financial security once the earning member dies. Death of an earning member is an important event in every family. It usually comes with emotional havoc. It can also create financial stress if the earning … Continue reading 5 Point Action Plan to Protect Your Wealth Before You Die