Category: Financial Planning

Building a Secure Retirement: A Guide to Effective Retirement Planning

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Building a Secure Retirement: A Guide to Effective Retirement Planning

Retirement is a phase of life that most of us dream about, imagining a time free from the daily grind of work, where we can enjoy our golden years. However, achieving a financially secure retirement requires careful planning, especially in India, where government-sponsored social security systems are minimal, and the burden of retirement savings falls largely on the individual. If you haven’t yet planned for your retirement, this guide will help you understand how to build a strong retirement portfolio. Why Retirement Planning is Essential in India In India, the average life expectancy is increasing, meaning more years of post-retirement …

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Smart Investment Choices for Senior Citizens in India

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Smart Investment Choices for Senior Citizens in India

People around the world are getting older day by day and also living longer. One of the biggest social challenges we face in the 21st century is to accept and prepare for this major shift in population age. India has more young people than any other country, but its population is ageing fast. Right now, there are 153 million older adults (60 years and older) in India. By 2050, this number is expected to jump to 347 million. This change in age groups isn’t just a number – it’s a big change in society that will affect many things in …

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How Should I Invest If My Financial Goal is Only to Create Wealth?

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How Should I Invest If My Financial Goal is Only to Create Wealth?

Many young investors or those just starting out often believe they don’t have specific financial goals and assume that their sole objective is to “create wealth.” While this might sound simple, the truth is that wealth creation itself is a goal that requires thoughtful planning and strategy. Focusing only on investment products and returns, without understanding the broader picture, can lead to poor decision-making—such as taking on too much risk or reacting emotionally to market changes. Even if you think you don’t have immediate financial goals, wealth creation is still a long-term endeavor that demands careful asset allocation, risk management, …

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Women and Wealth: Building Financial Independence with Smart Investments

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Over the past 50 years, the perception of Indian women has not only changed, but they have also risen as powerful agents of their own success. From managing households to leading multinational companies, Indian women have proven time and again that they are capable of achieving greatness in every sphere. This journey reflects their determination to break stereotypes and claim their rightful place in society as equal contributors. Yet, when it comes to financial independence, there is still significant ground to cover. Empowering women to take control of their financial futures is key to achieving true equality. Unfortunately, nearly 49% …

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How a Financial Advisor Can Lead You to Financial Independence

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How a Financial Advisor Can Lead You to Financial Independence

Attaining financial independence is a goal that goes beyond simply setting aside money. While many people dream of breaking free from financial constraints, the path to true financial independence requires more than just saving—it calls for thoughtful planning, smart decision-making, and unwavering discipline. In a country like India, where mis-selling is rampant and financial awareness very lax, navigating this journey on your own can be overwhelming. This is where the expertise of a Registered financial advisor comes into play. Instead of wandering aimlessly through a maze of investment options and regulatory changes, a registered investment advisor helps you map out …

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Time Value of Money: A Key to Accelerating Your Path to Financial Independence

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Time Value of Money: A Key to Accelerating Your Path to Financial Independence

Imagine your employer paid you a bonus of Rs.1000 today. What can you do with it? You can buy essential things, or you can save or invest it. Now imagine that your employer says that the Rs.1000 that you have earned will be paid to you one year later. Will you be able to get the same value out of it when you receive it after a year? No. Here’s why… If you have Rs.1000 today, you can buy yourself a work wear for the amount. However, six months later, the same workwear might cost you more than Rs. 1000. …

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Why an Emergency Fund is Crucial for your Financial Security

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If life is a cricket match, not every ball is going to be easy. There will be yorkers, bouncers and googlies. The question is how prepared are you to handle these yorkers and bouncers? Take, for example, the story of Allie and Steve who worked in the same company. In 2022 when the couple had just had a baby, the company fired them. Imagine the kind of distress they would have been in if they had not saved for an emergency. Emergencies don’t knock at the door, they barge in. And the only weapon to fight these emergencies is liquid …

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How Budgeting Helped Arjun Take Control of His Finances

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How Budgeting Helped Arjun Take Control of His Finances

Allow me to introduce you to Arjun, a young professional who has just acquired his first job. The excitement of earning one’s own money and the newly acquired freedom to spend it as he saw fit was intoxicating. Arjun celebrated his new job: nice dinners, gadgets that he had hitherto eyed and bought, enjoying weekends out with friends. Pretty soon, the thrill started to wear off as reality started seeping in. Despite his salary, Arjun soon came to realize that meeting his most basic or unexpected expenses came from waiting for a paycheck. The piling of unexpected costs, with no …

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Achieve Financial Independence with These 7 Habits

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Achieve Financial Independence with These 7 Habits

For most people, financial freedom is something to be desired, but very few work toward it. It is not about amassing wealth; instead, it is about living a lifestyle that your finances can sustain and support in how you really want to live. To some, it may mean early retirement; to others, it could be being able to pursue your passion and not worry about the income that will be generated or just the ability to make choices without worrying about the money. The journey to financial independence may look overwhelming, but proper habits can help in building gradual financial …

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10 questions to ask yourself when investing in mutual funds

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10 questions to ask yourself when investing in mutual funds

Mutual funds are one of the best ways to invest in a disciplined manner at a lower cost and with professional management. It helps you invest easily in equities which is a solid recipe for long-term wealth creation. But with so many options out there, how do you really know which one is right for you? In this piece, we will at the 10 most important questions you should ask yourself before investing in any mutual fund scheme. What are my investment goals and time horizon? Goals help you define the duration of your investment and the amount you would …

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