An independent financial advisor is an individual who acts independently, without directly associating with a firm to boost your financial decisions and scalability. If you need to upgrade your financial decisions, a financial advisor may be of great help. They not only help you take proper financial planning to distribute your assets but also maintains …
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The 6X Emergency Rule is a rule of thumb that tells you to save the money from your monthly salary for an emergency fund 6 times your current monthly expenses. This exceptional rule can save you from unforeseen danger or financial loss or family illness. For example, if your monthly expenses are $3500 then you …
Life is full of uncertain circumstances. So, it’s imperative to build a fund that can save you at times of emergencies. Emergency Funds are set apart from other savings, as it can help you to handle unfortunate circumstances like job loss, loss of family members, or medical bills. So, it’s always prudent to keep your …
What is the Best Place to Keep Your Emergency Funds Aside From Bank Accounts? Read More »
Christmas is a time of year when many people think about their finances. Whether you are looking to save money on Christmas gifts or you are trying to plan for the future, there are a few ways you can go about financial planning during the holiday season. Here are some tips to help you have …
1) If your standard of living is Rs 25,000 per month, you need an SIP of Rs40,000 to be financially free in 10 years. 2) If your standard of living is 50,000 per month, your SIP rises to Rs 80,000 per month. 3) For Rs 1 lac per month standard of living, SIP is Rs …
Financial Freedom Secrets that Will Shock You Beyond Your Imagination Read More »
Introduction When it comes to financial management and financial planning, there is a big difference between the two. Financial management is the process of monitoring and controlling a company’s financial resources. Financial planning, on the other hand, is the process of creating a plan that will help you achieve your financial goals. If you are …
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What is Wealth Management? Wealth management is a financial consulting service that provides investment advice with other financial services to meet the needs of wealthy clients. The advisor gathers the information about the customer’s wants and particular scenarios through a consultative process and then tailors a personalised strategy that includes a variety of financial products …
Several across the country face extensive difficulty in availing loans or credit cards due to poor credit scores and the inability to manage the situation due to lack of adequate knowledge on the complicated financial matters. While the common populous is familiar with the term CIBIL score, many might lack the proper understanding and significance …
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In the past two years approximately, equity fund investors have experienced a roller coaster of emotions because the equity market moved from multi-year lows in March 2020, to all-time high within the half-moon of 2021 sailing the emotions from extreme fear to euphoria. Equity market and emotions go hand in hand. However, reacting to the …
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One doesn’t have to be an expert in economics or accounting to be good at personal finance. All that, one has to do is follow certain rules which are universal like the law of gravity. Personal finance is both a simple concept because all the math one needs to understand is covered in schooling, and …
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