The first step is to ensure that you have an emergency corpus that takes care of your most essential expenses for six months
Avoid blocking your money right now by shopping for non-essentials. Cash is king for the immediate future, so spend wisely
Put a financial plan in place to cover your expenses during childbirth and career break
Even 10-12 years of focused planning and investing will ensure that you are in a sound financial position
For first-time investors, it makes sense to start with SIPs in both debt and equity funds
Download the ‘Your Money & COVID-19’ ready reckoner and you won’t miss a single deadline.
Students and their parents need to consider the possibility of a prolonged slowdown in developed economies
The possibility of job losses and pay cuts has only underlined the importance of a contingency fund
Having an emergency corpus and a health cover is critical
Don’t resort to panic selling of equities, going overboard on stocks or deferring of loan EMIs
The financial decisions that are made during this decade (30-40), have a big impact on how the rest of your financial life will be
If you already have a job offer, but the company wants to re-negotiate, take it
Mention all your wishes and how the assets and liabilities need to be distributed
Businessmen and large investors usually hedge their currency exposure by using derivative instruments
A little less than a third (32 per cent) are on track to achieving more than half their goal by the age of 60
The list will make it easier for them to manage their monies once they go back to their professional and personal routines
A woman has the same instinct as a man’s and would like to be there for her parents, financially or otherwise
Financial freedom does not mean retirement only. It means enjoying your life without being worried about money.
Insurance is the small price one pays for his peace of mind. With right insurance in place, even a â€˜small guy‘ can take risks and achieve financial freedom.
With changing times, individuals have to ensure that they prepare themselves to pay for their needs and dreams.
The underlying reason for successful financial outcomes is financial planning.
Financial plan should be the driving factor behind your investments and not the tax planning.
Mere sailing along or coasting does not help us to reach our destination. Purpose, and will to achieve, is the driving force, which will take us to our dream house or steer us through to a comfortable life after retirement.
It pays to ignore short term noise and focus on long term goals using right asset allocation.
While the former helps you achieve financial freedom, later ensures that your dreams are turned into reality even in case of eventuality.