Fatal Ignorance
Business Finance

Not Knowing Financial Ratios Can be Fatal for Your Business

“The number one problem in today’s generation and the economy is the lack of financial literacy.” Alan Greenspan Alan Greenspan is not true for personal finance but he is also right for entrepreneurs. Entrepreneurs whose success is determined by financial performance many times do not understand the nitty-gritty of finance. According to a recent survey by the National Financial Educators Council Americans… Continue reading Not Knowing Financial Ratios Can be Fatal for Your Business

Personal Financial Planning
Life Stage Planning, Personal Finance

You Need to Know 4 Aspects of Personal Financial Planning

Among all the planning you do Financial Planning is perhaps the most important but mostly ignored planning exercise. Financial Planning requires you to consider planning about your life. It entails considering budgeting, savings, investments, taxes, insurance, retirements, and important life stage planning like children education, marriages, etc. It is an exhaustive process. But it is… Continue reading You Need to Know 4 Aspects of Personal Financial Planning

Accounting Data
Business Finance

Do Not Let Your Profit Figure Fool You

“Accounting is the language of business.” Warren Buffett Profit and Loss account shows the profit a business earns. But this could be illusionary if the entrepreneur is not aware of the accounting. Usually, companies play with the profit to satisfy the bankers and to evade taxes. This is a fine balance. For bank projected profit… Continue reading Do Not Let Your Profit Figure Fool You

Financial Literacy for Women
Personal Finance

Why Is Financial Literacy for Women Critical?

Do you know you can do nothing after your death? “No one here gets out alive.” Jim Morrison Therefore, financial planning for your death must start when you are alive. It may sound unkind, but death is the ultimate future of every living being. If you plan better it is good for your spouse, if… Continue reading Why Is Financial Literacy for Women Critical?

Financial Distress
Borrowing, Business

8 Things You Need to Know to Deal With Financial Distress

NPA figure in the banking and NBFC industry is exorbitant. Banks are suffering but what about the borrowers who have suffered business loss. They are facing recovery agents, social abstinence, legal battles, the stress of managing family expectations and responsibility of turning around the business. The situation is dire. People suffering from financial distress are… Continue reading 8 Things You Need to Know to Deal With Financial Distress

Financial Literacy
Money & Economics

9 Key Financial Literacy Aspects You need to Know

Financial literacy is about how you deal with your money. This is about simple basic things about money. Financial literacy is not necessarily your literacy about the language i.e. reading and writing.  It is different. “The number one problem in today's generation and economy is the lack of financial literacy.” Alan Greenspan It is about… Continue reading 9 Key Financial Literacy Aspects You need to Know

Financial responsibilities for 20s
Personal Finance

4 important Financial Responsibilities people in 20s should know

Money may not give happiness but money is an important lifeline for survival. While managing your personal finances you need to consider your responsibilities towards your family. The money you are earning comes with many diverse priorities. As a young earner in the family, you may not know your financial responsibilities. This post aims to… Continue reading 4 important Financial Responsibilities people in 20s should know