In today’s fast-paced world, planning your retirement has been a cake walk. When the golden years of our lives are spent, it is now the potential time to live a financial risk-free life of our retirement. Well, saying that now it’s possible in the world of the internet. In this day, we can access a …
The Pension Funds Regulatory & Development Authority (PFRDA) governs the national pension saving scheme. A voluntary investment helps an individual get an extended income monthly after retirement. Once the income tenure gets completed, an individual can get a lump sum amount out of the NPS giving an ultimate value of income after retirement. Benefits of …
NPS Benefits – You Should Know before Your Retirement Read More »
Planning for child education is one of the crucial goals of a parent investor. As the cost of tuition fees is getting higher, the earlier you plan for child education, the more convenient it will get to tackle the exorbitant fees to pursue the career dreams of your child. Once you have accumulated the corpus, …
Financial planning is the way of determining & estimating the structured plan to save and create money to build wealth over time. It means to make sure that your investment, resources, and funds are secured and risk-free for utilisation in future. In this article, let’s see what the financial objectives that an individual considers before …
Whether you’re a new or long-term wizard in the investment world, things may get shattered if you don’t take the right approach for every investment opportunity. As Warren Buffett said, “Risk comes from not knowing what you’re doing.” So, here are top 10 ways you can prevent any risks while taking any investment decisions to …
If you’re an employee working in America, you can take the incentive of the employee’s retirement savings plan. It was introduced in 1978 with the name of the provision of the Revenue Act, 1978. In this act, if an employee serves under a company, he will get a particular percentage of his paycheck deducted for …
401(k) Plan: A Comprehensive Guide to Retirement Savings Read More »
Saving your money for the long-term can significantly bring financial stability. But, many people make some crucial mistakes while doing it. Let’s discuss some of the most common mistakes that you’re making while trying to save money, and the steps you can take to avoid them. 1. Not Setting Financial Goals Without a clear goal …
When it comes to managing your finances, it is important to demarcate between your personal and business finances. Both personal finance and business finances inspire your overall financial gains. The main difference between personal and business finances are, personal finances consist of loans that are credited to payback in a particular amount of time, whereas …
Difference between Personal and Business Financial Planning Read More »
Being in debt makes it challenging to manage finances sometimes. Fortunately, there are some essential tips that you can use to get out of debt. Individuals frequently get more involved in debts for not maintaining the correct measures of paying out debts. We will look at some of the most successful debt relief methods in …
How to Overcome Your Debt and Regain Finance Control? Read More »
Snowball effect or investment strategy is an analogy for wealth compounding. It implies multiplying your wealth and income many times over using DRIPs (Dividend Reinvestment Plans). To understand the term simply, when you pitch a snowball from a mountain top, it starts to get bigger by picking up more snow, and consequently making it a …
Snowball Investment Strategy – Meaning, Works, Benefits, and Examples Read More »
