What is Personal Financial Planning? Personal financial planning is the process of managing your money to achieve specific financial goals. It involves reviewing your existing financial status, establishing reasonable goals, and coming up with a strategy to achieve those goals. This covers setting up a budget, saving money, investing, and making wise choices on debt […]
Personal Financial Planning Process Steps to Follow Read More »
When it comes to financial management, the hardest part is 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, it will be tough and the struggles that you will face are detailed in
How to Save First 10 Lakhs in Financial Management Read More »
The Greater Fool theory simply states the people who buy any securities without considering the valuation of a company. Their mindset will be that they can sell when the price moves high or buy a stock blindly while the stock crashes. The heroes of this theory are called the Greater Fools, or speculators. Investors earn
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Real estate was our ancestors’ top priority when it came to investment. Even many people above 40 will still focus and recommend real estate as the best investment option because they might benefit from real estate. It’s true. There was a period in India when investments were made in real estate that yielded 10 times
Real Estate as an Investment Read More »
One of the most essential and basic needs in every human life is shelter. Housing loans have become a big market in India, as the Government of India has given tax exemptions. Here, we will discuss how a home loan can impact your financial management and the benefits of home loans. History of the Housing
Home Loan – How It Impacts Our Financial Management Read More »
Over the last two decades, all salaried people have predominantly used this. Some banks might provide us with accessibility to CC at the time of salary account opening. On average, every person is holding 2 cards minimum. As it has become a vital financial product in our life, we can look at an overview
Credit Card – A Prey to Financial Management Read More »
In the previous topic, we learned about tax planning and tax exemption components to pay zero tax on incomes between 9 and 9.5 lakhs. We all know that Section 80C allows us to exempt our taxes up to 1.5 Lakhs. Here, we shall discuss investing in such components with high lock-in periods; we must expect
ELSS vs PPF: Your Best Investment for Section 80C Benefits Read More »
TAX EXEMPTION: This is the most important topic in financial planning. Most people are aiming to pay zero tax, but no one plans about tax exemption, well in advance. This is only because of a lack of knowledge in tax planning and tax exemption. The richest people in the world pay ZERO TAX. Have
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Financial Commitment: In our lives, with various periodical changes, our financial commitments tend to increase. Our grandparents would have told us that they survived a month peacefully without any EMI, Loans, Credit Cards, Debit cards, etc., with their monthly income of just Rs.10. This might be sufficient to feed a family around 1940-1960. Coming back
Who Increased Your Financial Commitment? Read More »
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