When it comes to building wealth and securing a stable financial future, investing wisely is fundamental. While many people are familiar with traditional investment avenues such as gold, real estate, there is another category worth considering – paper assets. In this post, we will dive into the world of paper assets discussing the types and …
What are Paper Assets? – Examples, Types and Advantages Read More »
A will is a testamentary document that lets your property or financial assets belong to others after your passing away. In India, wills are governed by Indian Succession Act, of 1925, for Hindus, Jains, Buddhists, Sikhs, and Christians. Under Hanafi law, Mohammedans are governed to make a will for their succession. Creating a will is …
What is the Importance of Creating a Will before Your Passing? Read More »
Bracing up for your new investment goals in 2023! Then, you have come to the right place. In this article, we have shared the latest investment options that can influence your finance. We have also considered various factors like investment goals, risk appetite, tax & other benefits that affect your long-term investment decisions. So, let’s …
What is Asset Allocation? Asset allocation denotes the process of dividing up your investments among different asset classes, such as stocks, bonds, and cash. The goal of asset allocation is to manage risk and enhance the likelihood of achieving financial goals. In this article, let us discover various forms of asset allocations based on an …
As an esteemed member of the medical profession, doctors dedicate their lives to the well-being of the patient’s life. In Spite of this, doctors often find themselves alone while making decisions about their own financial well-being. It is imperative for medical professionals to build a solid financial foundation and secure a healthy financial future. In …
Mastering the Art of Financial Planning For Doctors Read More »
One of the popular kinds of short-term financing is the BNPL (Buy Now, Pay Later) financing. It makes users eligible to repay the loan after having purchased an asset within a stipulated period of time. The payment usually comes with no interest. Also known as, Point of Sale (POS) finances or installments, it is equitably …
The 6X Emergency Rule is a rule of thumb that tells you to save the money from your monthly salary for an emergency fund 6 times your current monthly expenses. This exceptional rule can save you from unforeseen danger or financial loss or family illness. For example, if your monthly expenses are $3500 then you …
There are various strategies existing for investors to guide them on investing in particular mutual funds, stocks or bonds etc., . One of such rules is the “100 minus age rule”, which aims to align asset allocation with an individual’s age and risk preferences. The rationale behind this rule is that as you get older, …
What is the 100 Minus Age Rule – Everything You Need to Know? Read More »
Sending a child to study abroad is one of the coveted investments for Indian parents. Not only do they provide quality education, but also they give the child to broaden their horizons and get a better package on an international level. However, studying abroad can be a pretty expensive affair, as it requires careful financial …
How Much Should I Save For Child Education Abroad? Read More »
Recently, the government of India in its union budget in February 2023 has introduced various process to encourage people to save money and invest to improve the country’s economy. However, there was one such scheme that was exclusively for women. The Mahila Samman Savings Certificate (MSSC) is a fixed income scheme offered by the Indian …
Mahila Samman Savings Certificate: A Scheme for Financial Empowerment of Women Read More »
