Gold funds are topping with an average return of over 15 percent over the last year and 6.60-8.30 percent return for short-term of one to three months. With too many global uncertainties gold is riding high again as investors are looking for safe havens for… Read More »Investing in Gold Funds: Know these first before you invest
A new study has shown a spike in the mortality rates in the 45-54 age group in India. Here is what you need to do at the earliest to avoid problems for your dependents. Store passwords For most of our financial transactions such as banking,… Read More »Set your financial life in order – Avoid problems for your dependents
You might not have noticed it, but lifestyle inflation is eating your finances. What is “lifestyle inflation”? When a person’s income goes up, their standard of living also rises. Their wants turn into needs slowly. Things that used to be luxuries gradually become necessities. Yet… Read More »Is Lifestyle Inflation quietly eating away your finances?
Invest now to retire early! We all know that Sachin Tendulkar retired as a millionaire at the age of 39. But did you know that when Sachin made his debut in the 90’s, $1 = ₹18.11 but today $1 = ₹65.38 1 liter petrol was… Read More »Why you should start investing early?
Retirement: This doesn’t mean end of life, it means living the “rest of your life” in a relaxed and comfortable manner. So, it becomes very important to consider few things well in advance. Calculating your expected expenses: You should first calculate what would be your… Read More »Retirement does not mean end of life
In layman’s terms Inflation means, the level of prices is going up and/ or the value of money is going down. In other words with inflation, you keep paying more and more every passing year to buy the same quantity of item!! Do you remember… Read More »What happened to your purchasing power?
Savings and investment are easily confused; savings is not equal to investment. Savings is just you putting your money in a safe place (bank) to use it in future or to deal with unexpected expenses. Investment is you making your money “earn” more money for… Read More »Do you want to add to your money or multiply it??
According to a survey, Indians have a strong saving habit. However, Indians do not plan for long-term future other than emergencies, children’s education, and old age. They keep away from investing in long-term financial products other than life insurance. This is not the case just… Read More »Did you know that 70% of Indians prefer to save as liquid assets??
Life insurance should be purchased only for the period of your life when your family could not make it without you. For example, let us consider a 28 year old young man with a wife and children with insufficient savings or assets for them to… Read More »Life insurance or Investment? What to choose??
How to become rich? Is it simply by earning more money or saving more money or spending the hard earned money wisely? It is actually the combination of all three. But there are people who think it is enough if you just earn more and… Read More »Want to become rich? Start with these simple tips