Personal Finance
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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
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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
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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
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You Need to Know 4 Aspects of Personal Financial Planning
Among all the planning you do Financial Planning is perhaps the most important but mostly ignored planning exercise. Financial Planning requires you to consider planning about your life. It entails considering budgeting, savings, investments, taxes, insurance, retirements, and important life stage planning like children education, marriages, etc. It is an exhaustive process. But it is… Continue reading
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4 Reasons Why Entrepreneurs Need to Save
Story: Recently I saw a balance sheet of an entrepreneur whose business is doing a turnover of about US $ 15 mn and good profit. However, his personal Balance Sheet did not reflect any substantial investment other than his house. The loan of another entrepreneur known to me become NPA. He was making a reasonable profit for many years.… Continue reading
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8 Things You Need to Know to Deal With Financial Distress
NPA figure in the banking and NBFC industry is exorbitant. Banks are suffering but what about the borrowers who have suffered business loss. They are facing recovery agents, social abstinence, legal battles, the stress of managing family expectations and responsibility of turning around the business. The situation is dire. People suffering from financial distress are… Continue reading
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9 Key Financial Literacy Aspects You need to Know
Financial literacy is about how you deal with your money. This is about simple basic things about money. Financial literacy is not necessarily your literacy about the language i.e. reading and writing. It is different. “The number one problem in today’s generation and economy is the lack of financial literacy.” Alan Greenspan It is about… Continue reading
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Top 10 Financial Planning Mistakes to Avoid
Financial Planning is assuming importance. With a variety of financial products, contingencies of life and awareness about the need for planning all are contributing to the necessity of financial planning. But what are the components of a good financial plan? What are the common mistakes people make? There are various aspects which need some basic… Continue reading
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Financial Planning Model To Protect & Grow Your Wealth
managing risk daily. Some risk management is natural to you while some risks require deliberate efforts. There are some risks which are manageable and some are non-manageable. Even some risks are not known which means unforeseeable. You do not walk on the railway tracks but you can walk on the railway bridge and the bride… Continue reading
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Know How Money Can Bring Happiness for You
Do you know money also can bring happiness? Contrary to what you have heard, money can bring happiness to you and your family. The only condition is you need to be vigilant of what you are doing with the money. Here we list down 5 ways your money can bring you happiness. Know it well… Continue reading
