Personal Finance
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
4 important Financial Responsibilities people in 20s should know
Money may not give happiness but money is an important lifeline for survival. While managing your personal finances you need to consider your responsibilities towards your family. The money you are earning comes with many diverse priorities. As a young earner in the family, you may not know your financial responsibilities. This post aims to… Continue reading
-
5 Point Action Plan to Protect Your Wealth Before You Die
One of the important aspects of financial planning is planning for death. It may sound unkind but it is an important aspect of financial management. It is crucial to protect your family’s financial security once the earning member dies. Death of an earning member is an important event in every family. It usually comes with emotional… Continue reading
India Family Business Consulting 