Financial Planning

RULE of 72

RULE of 72: Layman’s Tool To Calculate Time To Double Your Money

Rule 72 – It is a name of a simple way for finding the time period required to double your money at certain interest rate per period (e.g., per year). It is mostly use for mental calculations or when only simple calculator is available for calculations. Basically, It is used for estimating an approximation of …

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Financial Planning Vs Financial Management

Difference Between Financial Planning and Financial Management

Introduction When it comes to financial management and financial planning, there is a big difference between the two. Financial management is the process of monitoring and controlling a company’s financial resources. Financial planning, on the other hand, is the process of creating a plan that will help you achieve your financial goals. If you are …

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Wealth Creation For Salaried Person

Best Wealth Creation For Salaried Person

Most professionals look forward to receiving that crucial text message on the last day of the month notifying them that their bank accounts have been credited with their salary. Most people consider their salary income to be a ticket to spending and meeting their monthly EMIs. As salaried employees in India, different investment options exist …

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Wealth Management vs Financial Planning

Wealth Management vs Financial Planning

What is Wealth Management? Wealth management is a financial consulting service that provides investment advice with other financial services to meet the needs of wealthy clients. The advisor gathers the information about the customer’s wants and particular scenarios through a consultative process and then tailors a personalised strategy that includes a variety of financial products …

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What is Capital Planning

What is Capital Planning?

Capital Planning is the process of estimating funds for the organization’s long-term strategies in the coming years. Not only are existing plans considered, but future investment returns are also considered.  “There is always plenty of capital in use for those who can create practical plans for using it.” (Hill) –Napoleon Hill Preferably, companies would undertake …

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Financial Advisor Importance

Should I Use A Financial Advisor Or Do It Myself?

An advisor will help you in selecting the right funds for inculcating investment discipline to achieve financial goals in the given time period. If one desires to seek professional advice from a SEBI registered Investment Advisor or a financial planner.  A SEBI’s registered Investment Adviser will charge for the bouquet of services provided. It’s high time that one …

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Unique Portfolio Building

MyFinopedia and Its Unique Portfolio Building Forte

MyFinopedia don’t compete but Utilize best of its Expertise Always wanted to build wealth from small investments. MyFinopedia endeavors to understand its investor’s risk appetite with the help of which we can feed the right portfolio. Before being an investor, one is always a human being. A being who has a heart who has some …

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