Personal Finance
-
Who will handle after you?
It started with a simple question.“Do you know where all the investments are?” The room went quiet.Not because there was no money.There was enough: savings, insurance, mutual funds, a house, and a few fixed deposits.But because only one person had ever really known everything.And he wasn’t there anymore. Until that moment, life had felt secure.Bills… Continue reading
-
Why Shouldn’t You Escape From Life Insurance?
Life is uncertain. Death is certain. There are family members dependent on you. Your death can make them vulnerable if they are not financially secure. You have still not achieved the level of savings required for a comfortable lifestyle after retirement. In these circumstances, Life insurance is the only investment that can rescue your family… Continue reading
-
Nothing is Safe, How to Minimise the Risk?
“College graduates spent 16 years gaining skills that will help them command a higher salary; yet little or no time is spent helping them save, invest and grow their money.” Vince Shorb, CEO of the National Financial Educators Council Karvy is pledging customers’ shares, PMC bank joining hands with the fraudulent borrower, DHFL lending recklessly to builders. Many… Continue reading
-
Do You Know Asset Allocation is the Key to a Successful Financial Planning?
We all know putting all eggs in one basket could be dangerous if the basket goes bust. Similarly, keeping all your savings and investments in one class of assets could be either risky or would not give a reasonable mix of return. There are several classes of assets available for an individual to park their savings. Some are… Continue reading
-
A Short Post on Personal Finance for Quick Understanding
Once I was with my client at a coffee shop in a 5-star hotel. I was asked about my coffee choice. Out of the multiple options, I was not sure what to order so I left it to the client. I thought when we had only two options of coffee i.e. filter coffee, and Nescafé,… Continue reading
-
Do You Know You are Wealthy Without Your Knowledge
Do you know the precious wealth you possess? Many people are ignorant about the priceless wealth they possess. If you are also one of them, read on to know more. Do you determine your wealth only by monetary measurement? If your answer is yes, you need to quickly redefine your definition of wealth. Wealth has… Continue reading
-
High Financial Risks You Need to Know for Your Family
“Failing to plan is planning to fail.” Alan Lakein Yes, failing to plan the risk management puts you and your family at high financial risk. Risk Management is usually not considered a part of Financial Planning. It is a big mistake. Risk Management is not about the risk of investing in risky investments. It is about… Continue reading
-
3 Things You Need to Know About The Wealth Creation From The Stock Market
Imagine your parents had invested rupees 1 lakh when you were born in 1993. Then they were busy in your upbringing, education, and managing own career. They forgot about the shares. Last year when you completed your studies and got the first job they found the share certificates of the investments made in 1993. Out… Continue reading
-
Do You Know The Art of Spending Money?
Do you want to create wealth? Do you find it difficult to control your spending? Are you looking for ideas to spend less and save more? Read on this post. Here we have shared 8 ideas to spend less and save more. The wealth is created by investing what you save. What you save is the difference… Continue reading
-
Why is Maintaining Books of Accounts Important for Employees?
Maintaining books of accounts is not just a requirement for entrepreneurs but it is also a necessity even if you are a salaried employee. “Accounting was the course that helped me more than anything.” Julian Robertson Yes, accounting is an important part of managing your finances. The reality is accounting is mostly ignored. Maintaining personal books accounts… Continue reading
India Family Business Consulting 