Financial planning is the way of determining & estimating the structured plan to save and create money to build wealth over time. It means to make sure that your investment, resources, and funds are secured and risk-free for utilisation in future. In this article, let’s see what the financial objectives that an individual considers before …
Whether you’re a new or long-term wizard in the investment world, things may get shattered if you don’t take the right approach for every investment opportunity. As Warren Buffett said, “Risk comes from not knowing what you’re doing.” So, here are top 10 ways you can prevent any risks while taking any investment decisions to …
Saving your money for the long-term can significantly bring financial stability. But, many people make some crucial mistakes while doing it. Let’s discuss some of the most common mistakes that you’re making while trying to save money, and the steps you can take to avoid them. 1. Not Setting Financial Goals Without a clear goal …
When it comes to managing your finances, it is important to demarcate between your personal and business finances. Both personal finance and business finances inspire your overall financial gains. The main difference between personal and business finances are, personal finances consist of loans that are credited to payback in a particular amount of time, whereas …
Difference between Personal and Business Financial Planning Read More »
Being in debt makes it challenging to manage finances sometimes. Fortunately, there are some essential tips that you can use to get out of debt. Individuals frequently get more involved in debts for not maintaining the correct measures of paying out debts. We will look at some of the most successful debt relief methods in …
How to Overcome Your Debt and Regain Finance Control? Read More »
Snowball effect or investment strategy is an analogy for wealth compounding. It implies multiplying your wealth and income many times over using DRIPs (Dividend Reinvestment Plans). To understand the term simply, when you pitch a snowball from a mountain top, it starts to get bigger by picking up more snow, and consequently making it a …
Snowball Investment Strategy – Meaning, Works, Benefits, and Examples Read More »
When it comes to building wealth and securing a stable financial future, investing wisely is fundamental. While many people are familiar with traditional investment avenues such as gold, real estate, there is another category worth considering – paper assets. In this post, we will dive into the world of paper assets discussing the types and …
What are Paper Assets? – Examples, Types and Advantages Read More »
A will is a testamentary document that lets your property or financial assets belong to others after your passing away. In India, wills are governed by Indian Succession Act, of 1925, for Hindus, Jains, Buddhists, Sikhs, and Christians. Under Hanafi law, Mohammedans are governed to make a will for their succession. Creating a will is …
What is the Importance of Creating a Will before Your Passing? Read More »
Bracing up for your new investment goals in 2023! Then, you have come to the right place. In this article, we have shared the latest investment options that can influence your finance. We have also considered various factors like investment goals, risk appetite, tax & other benefits that affect your long-term investment decisions. So, let’s …
What is Asset Allocation? Asset allocation denotes the process of dividing up your investments among different asset classes, such as stocks, bonds, and cash. The goal of asset allocation is to manage risk and enhance the likelihood of achieving financial goals. In this article, let us discover various forms of asset allocations based on an …
