Category: Personal Finance

Corona & Fitness
Personal Finance

From Wedding Bells to Courtroom Battles – Why Financial Literacy for Women Matters:

A few weeks ago, I met a woman in a small town fighting her divorce battle.She had asked for a lump sum alimony, but when I asked how she arrived at the figure, she admitted it was just a guess. We sat down together and worked it out:– her monthly household and medical expenses,– the impact of inflation, and– the interest her corpus could realistically … Continue reading From Wedding Bells to Courtroom Battles – Why Financial Literacy for Women Matters:

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Life stage planning, Personal Finance

Financial Literacy for your Wife to Live a Stress-Free Life After Your Death

In many Indian families, the husband traditionally handles financial management, leaving the wife unaware of key financial details. This lack of knowledge can create significant stress for the surviving spouse after the husband’s death. Ensuring your spouse is well-educated about the family’s finances is essential to succession planning. The Gender Gap in Financial Literacy According to a report by UNESCO, less than 40% of women … Continue reading Financial Literacy for your Wife to Live a Stress-Free Life After Your Death

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Financial Literacy for Women
Happiness, Money, Personal Finance

An Important Discussion A Couple Needs to Do in the Midst of Corona Crisis

There were 3 deaths people (all the three males) closely known to me, due to COVID 19 in the last 2 months. There are thousands of others who died since the outbreak of the pandemic. The spread is not contained, the threat is persistent, and the vaccine availability is uncertain. We all are living with the constant fear of death, and hope of surviving this … Continue reading An Important Discussion A Couple Needs to Do in the Midst of Corona Crisis

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Middle Class & Money
Money, Personal Finance

Money Basics Middle Class Needs to Master for a Good Life

Upper classes are a nation’s past; the middle class is its future. Ayn Rand The irony is middle-class earners are busy earning money and aspiring to become rich. In the process, they just ignore the very process to enhance their financial wellbeing. We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially … Continue reading Money Basics Middle Class Needs to Master for a Good Life

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Asset Allocation
Life stage planning, Personal Finance

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 returns. There are several classes of assets available for an individual to park their savings.  Some are risky, some are safe, some are reasonably safe, … Continue reading Do You Know Asset Allocation is the Key to a Successful Financial Planning?

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Financial Literacy
Investments, Money Basics, Personal Finance

Your Financial Literacy Without This Is All Useless

One of the important roles of financial literacy is to know when the money is enough and when to stop pursuing money. Those who think devoting life to earn money till the body works are not only financially illiterate but also life illiterate. The purpose of life is not to earn money, exploit the body in the dedication of earning money, suffer, and die. The money is … Continue reading Your Financial Literacy Without This Is All Useless

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How to become rich
Money Basics, Personal Finance

How to Become Rich With Less Income

Becoming rich is a dream. Is it your dream too? Becoming rich and building wealth is possible even if you earn less.  Earning more is not necessary to become Rich. Saving regularly is the key. Rs. 1,000/- invested monthly for 21 years at a 12% rate of return, becomes Rs. 11.40 lakh Rs. 5,000/- invested monthly for 21 years at a 15% rate of return … Continue reading How to Become Rich With Less Income

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Investor Complaint Redressal
Money Basics, Personal Finance

Investor Grievance Redressal – What You Need to Know

PMC Bank depositors are struggling to solve their problems. Godwin Jewellers investors are worried. There are several such companies and banks which fail from time to time. Gullible investors/depositors lose their hard-earned money. In the 90s it was IPO scams, and plantation companies robbed investors. Every now and then the comes promoters who shake the system and benefit out of its inefficiencies. The Govt is doing … Continue reading Investor Grievance Redressal – What You Need to Know

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Personal Finance
Insurance, Life stage planning, Personal Finance

A Short Post on Personal Finance for Quick Understanding

Once I was with my client at a coffee shop in the 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 Nescafe life was easier. With the arrival of Starbucks and CCDs, … Continue reading A Short Post on Personal Finance for Quick Understanding

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Wealthy
Happiness, Personal Finance, Wealth Management

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 many dimensions. Henry David Thoreau, an American Poet, and Philosopher … Continue reading Do You Know You are Wealthy Without Your Knowledge

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Early Retirement
Happiness, Life stage planning, Personal Finance

Why Do You Need To Go To The Work Tomorrow?

Many people like to retire early and many do not like to retire till death.  The single most important condition to retire at 40 is to have a desire to retire at 40. Many people who have enough to survive for a couple of generations are not retiring at 70. They keep working and work for money until their body says no. Some people are so … Continue reading Why Do You Need To Go To The Work Tomorrow?

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Art of Spending Money
Money Basics, Personal Finance

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 between what you earn and what you spend. Therefore the … Continue reading Do You Know The Art of Spending Money?

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Opportunity Cost Decision Making
Business Finance, Money & Economics, Personal Finance

You Need to Know This Important Concept For Better Decision Making

When you opt for Cake against Ice-cream, you have sacrificed the experience of eating ice cream. When you opt for Watching TV over outing, you have sacrificed an enjoyable outing experience. Every day and in several matters, we choose one over the other choice. The choice we sacrifice in favour of the choice we make is the opportunity lost. This is why it is called Opportunity cost. This is … Continue reading You Need to Know This Important Concept For Better Decision Making

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Will Making
Happiness, Money, Money Basics, Personal Finance, Wealth Management

Why You Need to Make a Will?

A good Financial Planning also takes care of wealth distribution to the next generation. You invest in a life insurance policy to protect your family member after your death. You make a WILL to make their lives easy after your death. You also make a WILL to distribute wealth in a fair way. You make a WILL to express all your wish about your wealth. “When you do … Continue reading Why You Need to Make a Will?

Unknown's avatarSunil GandhiLeave a comment
More of less
Personal Finance

How to be Happy – Always

Caution: This could be a life-changing read. “Often it is those who live quietly, modestly, and contentedly with a simple life who are the happiest.”  Joshua Becker The biggest obstacle to our happiness is our wrong definition of happiness. If we define something wrong then we will struggle for it, but never will be able to achieve it. We have beliefs that MORE is necessary for … Continue reading How to be Happy – Always

Unknown's avatarSunil GandhiLeave a comment
Retirement Planning
Personal Finance

The Missing Link to Foolproof Retirement Planning You Need to Know

Retirement planning is very important planning you do in life. You have all the investments and life insurance policies in place to take care of your retirement. You have a monthly income plan to take care of your comfortable lifestyle. “We don’t stop playing because we grow old. We grow old because we stop playing.” George Bernard Shaw But if the one important ingredient is … Continue reading The Missing Link to Foolproof Retirement Planning You Need to Know

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