Key Takeaways Retirement planning is the freedom to do what you please, be it not working, travelling the world, starting a business or anything else you dream of, without having to worry about your day to day sustenance. The steps to retirement planning involve setting a target age, estimating income needed, calculating the size of …
Key Takeaways To steer clear of losing your savings in a stock bubble, do your due diligence before you invest instead of buying a stock because everyone is doing so. Unless you are in financial duress and absolutely need the cash for a life or death situation, pay your credit card bills in full every …
Key Takeaways The number of new investors and the assets under management will likely continue to soar even in the post-pandemic world. The housing prices remain stagnant despite various salvaging measures such as low home loan rates, whereas uncertainty prevails in the commercial property market. The interest in digital alternatives of gold is here to …
How has Covid-19 shaped the Personal Finance landscape in India Read More »
Key Takeaways Financial literacy is the understanding of basic personal finance concepts such as budgeting, risk management, investments, trade-off between risk and returns, good and bad credit etc. Personal finance know-how will become extremely critical for every individual in the near future, as there is less dependence on extended family and community, and more reliance …
Key Takeaways An adequate estate plan will include all details on how one’s assets should be preserved, managed and distributed upon their demise. Life insurance proceeds are the fastest way of getting access to cash payouts which are crucial to settle any outstanding debt, taxes and other immediate expenses such as funeral arrangements. Life insurance …
Key Takeaways In simple terms, your estate plan defines who receives what and when, after you step out of the picture. In the absence of an estate plan, the relevant succession act will be enforced, which will be time-consuming and the outcome may not be as per your wishes. A clear and elaborate estate plan …
How Estate Planning creates value for Generations Read More »
Key Takeaways Invest in properties that provide rental yield, hence an income for life with only some effort in management. You can start annuities by putting an upfront investment to avail a fixed amount of income for a period of time. If one has excess cash, one can utilize P2P lending platforms to lend to …
5 Passive Income ideas to achieve Financial Independence Read More »
Key Takeaways Make sure you and your dependents are protected with sufficient health insurance coverage so that you can get the necessary healthcare when you need it. Having 3-6 months of your expenses as emergency funds is a must have. Term life insurance with a coverage amount that is sufficient enough to take care of …
5 personal finance learnings to take away from COVID-19 Read More »
Key Takeaways Credit cards offer various benefits to the holder such as helping them build a credit history, offering easy access to credit, fraud protection and rewards & incentives. The biggest pitfalls of credit cards can be ease of overspending and high interest rates. Use your cards smartly for your regular expenses, track them diligently, …
Key Takeaways For the same amount of gains and losses, we associate a much larger reduction in value for the loss as compared to the increase in value from an equal amount of gain. As a result of this skewed perception of losses as being extremely negative, we end up choosing safer investment options with …
The Psychological Reason Preventing You from Getting Rich Read More »