Don’t we all dream of owning a lovely duplex, flashy car, securing the future of our children, spending on luxuries and last but not least ensuring a comfortable retired life for ourselves? To sum it up, you can refer to this as the Big Fat Indian Dream. But do you know what gets in the way of achieving this dream of ours? Yes, you got that right; it’s the even bigger financial constraints!...
Financial planning is an important task in the management of your finances. It is not just limited to the norm of planning the strategies and ways to invest your money into the various business ventures or funds or insurance schemes by various companies, but it also includes the planning to put every single penny of your income and savings into something very beneficial. A financial planner...
Financial planning is relevant as well as vital for all the age groups. So, whether you hire a professional to do it for you or you prefer to do it yourself, we are giving you the tips for financial planning for every generation. This will either help you talk to your financial planner or will help you determine the investment strategy if you are going to do it yourselves. The ones in...
Let us begin with two different situations. First of all, all of us would like to enjoy free time without any professional duties aching us. It is needless to say that having such unperturbed leisurely time free of professional worries requires a solid financial standing. Now consider the second situation. After reaching 60 some people still wish to go on working for few more years just...
Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial peril. If ignored these may prove to be very costly, but if identified at an early stage, they may be corrected to ensure sound financial health and leads the way to efficient and effective financial planning. Let’s see the top 7 signs indicating the need for...
The wealth earned by us is indeed determined by the quality of our health. The increasing medical costs makes it extremely difficult to sustain the corpus acquired by us throughout our life if we do not make adequate planning for health insurance. This is why financial planners focus on the importance of health insurance in retaining the viability of your long run financial goal. For...
The drastic changes that we have seen in the world economy due to the global spread of COVID-19 need no introduction. You would have already witnessed the volatility of the market. As we all have seen in news reports, around 25% of the workforce have lost their jobs and many others have witnessed pay cuts. Country Lockdown has caused some small businesses to shut down permanently and others...
Disciplined financial planning serves as the prerequisite of leading a financially secured retirement life. However, this hardly gets followed in most of the cases. Although retirement planning sounds a bit scary and confusing to most people, this anxiety can be entirely removed by avoiding the most common retirement planning mistakes committed by people. Today we are going to take a look at...
Managing finances in a proper manner is a must and you need to make a proper plan and budget to ensure that your investments give good returns after a while. With diversification, investors can enjoy good returns along with reducing the risk of losses. So, what are those crucial things that you need to keep in mind to get better returns and have financial stability? 9 Steps To Boost...
Tax planning refers to the sum of all activities which help in bringing down the overall tax liability and adding up to your savings. The ultimate goal of a tax planning drive is to create an estimate of your total holdings and make wise financial choices by accounting for all exclusions, exemptions, allowances, deductions etc. A little bit of tax planning today can be of...