Don’t Keep Money In Bank: Why Saving in Banks Alone Won’t Make You Wealthy – The Art of Building Assets For generations, Indians have been taught that saving money in banks is the safest way to secure their financial future. From childhood, we’ve been told to work hard, save diligently, and deposit our earnings in
Introduction: The 40% EMI Rule is a simple but important guideline for managing your loan payments. It says that your monthly loan payment (called EMI) should be no more than 40% of what you bring home after taxes. This rule is really helpful for keeping your finances in check and avoiding too much stress. When
Introduction: In the realm of personal finance, unforeseen circumstances can often disrupt even the most meticulously crafted plans. Whether it’s sudden medical expenses, unexpected home repairs, or job loss, having a robust emergency fund is crucial for weathering life’s storms. In this guide, we introduce you to the “6X Emergency Rule,” a simple yet powerful
Introduction: In the quest for financial freedom and stability, one often encounters various strategies and rules aimed at achieving disciplined saving and investing habits. Among these, the “1st Week Rule” stands out as a simple yet powerful principle advocated by personal finance experts. This rule emphasizes allocating a portion of income for savings and investment
Introduction: In the realm of personal finance, navigating the maze of budgeting techniques and financial planning methods can be daunting. However, amidst the plethora of options, the 5 Jar Method of Budgeting stands out as a simple yet effective strategy for managing your money wisely. In this comprehensive guide, we’ll delve into the intricacies of
In George S. Clason’s timeless classic, “The Richest Man In Babylon,” readers are taken on a journey to the ancient city of Babylon, where the secrets of wealth and financial success are revealed. This insightful book offers valuable lessons that are as applicable today as they were when they were first written. At the heart
No one knows what the future holds, and unexpected events can happen at any time. Whether it’s a sudden job loss, unexpected medical expense, or a major car repair, having an emergency fund can provide you with a safety net to help weather financial storms. In this blog post, we will discuss the importance of
When it comes to investing in mutual funds, equity funds tend to grab the limelight due to their potential for high returns. However, debt funds are also a popular investment option in India, especially for investors looking for stable returns with relatively lower risk. In this blog post, we will demystify debt funds in India,
Provident Fund (PF) is a retirement savings scheme that is mandated by the government of India for all employees. The scheme is designed to provide financial security to employees after retirement. In this scheme, a portion of the employee’s salary is deducted and contributed towards the fund, and the employer also contributes a matching amount.
Fixed income investments are an important aspect of any investment portfolio. They offer stable returns and relatively low risk, making them an ideal investment for those who seek to preserve their capital and generate regular income. In India, fixed income investments have been traditionally popular due to their perceived safety and reliability. Fixed income investments