A few smart money habits can put you on the right track of being financial healthy.
We take term plan in at retirement stage as income replacement, whereas we plan retirement as expenses replacement.
An investment is a monetary asset purchased with the idea that the asset will provide income or will grow in future and become wealth. The right investment planning is to have effective investing strategy in place as per investors need and goal and avoid costly investment mistakes.
We overcome many of our fears such as social, academic physical, family and financial fears with the help of tools such as buzzer alarm, health check-ups, prayers, Insurance etc to overcome the sense of insecurities.
Successful stock trading requires understanding trader’s psychology apart from knowledge and skill.
Despite growing awareness for financial independence among women only 1 in 3 women take their own financial decisions as compared to 2 out of 3 men, even though top goals of men and women are similar. “ignorance is certainly not bliss”
Term Insurance Plans are cheapest pure insurance plan for income protection. However, there are many variants of Term insurance plan to suit the need of different individuals.
The needs of different individuals are different. Each and every individual has various and different financial needs. Mutual funds offer solution to all the needs of any individuals.
In financial planning there are several thumb rules that serves as broad guidelines for formulating strategies. Even though these canons of financial planning are useful, they need to be updated and aligned with the changing financial landscapes.
For many people talking about money is a taboo. The basic reason for the same is ignorance about money management. Most have negative connotation about money. Hence more often we hear conversations such as “rich is evil ” .