WHY YOU NEED EARLY RETIREMENT Early retirement is a wonderful dream everyone should have. As we have discussed in our previous articles on convalescent planning and how passive income will accelerate retirement life. Our theme retirement stands so simple. Retirement is considered to the phase at which an active source of income stops, …
GOLD AS AN INVESTMENT Gold was first used as currency in ancient times before the invention of FIAT currencies (Government-issued currencies). In recent decades, gold has been considered, the only hard asset of tangible property in many middle-class families. Even our parents and grandparents might have thought us to invest in gold as …
EMERGENCY FUNDS “If you don’t plan your emergency situation well in advance, you will end up as a debt creator” Nowadays, Jobs and businesses have become unpredictable and insecure. In the last few years, we all have come across news that many lakhs of people been fired by their organization. Many people became …
It is your ancestors resposible for you being rich or poor. Importance of financial planning will teach you to break the chain of poverty and make your generation financially free. Our current generation (1980-2000)’s is enjoying the life at age of 25-35, that the previous generation (1960-1980)’s people achieved at their retirement time, like bike, …
BASIC HABITS FOR FINANCIAL PLANNING Once you know the fundamentals before planning the financial goals, you have to gain some basic habits to manage goals and how to achieve it through financial planning. They are basically Goal Setting Discipline, Consistent & Persistent Non – Procrastination Delayed Gratification GOAL SETTING HABIT FOR …
If you plan to become financially stable, you should understand a few personal financial planning processes. There are mainly five attributes to concentrate on. Plan & List out your Budget Term Insurance Medical Insurance Close all Debts Emergency funds. Role of Budget in Personal Financial Planning Process: Budgeting is done in most of the …
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HOW TO SAVE FIRST 10 LAKHS IN FINANCIAL MANAGEMENT When it comes to financial management, the hardest part is in investing the first 10 lakhs. You can consider savings and investment in the same arm. This means a complete portfolio achieving 10 lakhs of deposit from your end. As a beginner, …
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HOW TO CONVINCE PARTNER FOR FINANCIAL MANAGEMENT Every family needs perfect financial management. Management comes from financial planning. It will be great if both the people (Husband & Wife) of the family are towards achieving it. This topic will be a continuation of the best financial planning for working couples. Here …
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FINANCIAL MANAGEMENT MISTAKES TO AVOID IN YOUR 30’S There are many financial management mistakes, which should be avoided in your 30’s. Our reader could call back the article on financial planning mistakes to avoid in your 20’s. This article is a continuation. So, kindly go through the first part, which will …
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GREATER FOOL THEORY The Greater fool theory simply states the people who buy any securities without considering the valuation of a company. Their mindset will be as they can sell when the price moves high or buy a stock blindly while stock crashes. The heroes of this theory are called the Greater Fools, …
