Whatever happens in the financial markets, your savings should work hard for you.
The earlier you start your retirement planning, the better. Consider starting an SIP in equity mutual funds early in your career.
If you plan your investments well, you can get decent regular income even if you retire in your 40s.
Dividends declared by mutual funds are not assured. Neither the quantum not the timing are guaranteed.
Spending more than what you have in hand is a common problem for many. It is best to keep a track of your spending habit and never exceed total expenses more than your income.
A savings account is an enabler when it comes to the world of investment.
Married couples share a common destiny and being transparent about their finances helps in averting crises.
Robots provide error free and bias free advisory. With no agenda of personal gains, it is the best bet to thumb upon.
While the mutual funds help you to build wealth, you should also ensure that you buy life insurance to protect your family.
Starting your investment journey early helps in instilling financial discipline.
Most parents might touch on the concept of piggy banks and savings early on, but are usually reluctant to discuss the topic of money and family finances with their children.
Participation of women in the area of finances would be greatly helpful.
Demonetisation has ushered in faster adoption of technology to facilitate quicker execution of digital transactions.
You should diversify your savings and consider investing your money in various instruments available.
If one can show the Indian consumers why modern financial products are more beneficial to them, then half the battle is won.
Watch the interview of Kalpesh Ashar, Financial Planning Expert with Surabhi Upadhyay on CNBC-TV18, in which he shared his views on financial planning for women.
If you develop a skill or product that solves a problem, you will be rewarded. Look around you, the maximum amount of wealth is created by people who solve problems.
Managing one’s cash flow is the backbone of well-planned finances.
To increase your savings it is necessary to have a disciplined approach to your personal finance.
A diversified portfolio should have a blend of equity, commodity fixed income, real estate and other alternative investment tools
Most specialized technologies should provide anytime, anywhere access to individual/entity/family level summary of net worth, with a granular view of asset classes and comparative over time.
To keep your PPF account active, you need to deposit a minimum amount of Rs 500 a year.
Watch the interview of Nilesh Gupta, Managing Partner of Vijay Sales, Ajit Joshi, President & COO of Urban Ladder, Govind Shrikhande, MD of Shoppers Stop, Sanchit Vir Gogia, Founder of Greyhound Research and Kartik Jhaveri of Transcend Consulting with CNBC-TV18's Surabhi Upadhyay where they advised on how one should spend wisely this festive season.
A focussed approach to saving can help you build a corpus over a period of time.
Today’s generation should develop a habit of doing digital transactions so that they can easily maintain the record of their expenses on monthly basis.