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 …
Tag: Financial Planning
5 Things to Know about Momentum Stocks
Momentum is a concept that would excite every trader, isn’t it? Stocks with significant momentum depict strong price movements and help traders decide their course of action. So, if you are looking for momentum stocks, this article is just for you. Here, you will learn about momentum stocks, strategies that you can adopt for trading these stocks or investing in them, and a lot more. -What are Momentum Stocks? Momentum stocks are those stocks you need to identify for momentum investing; these are those stocks that have been gaining significantly, especially over a short period, and showcasing the potential for …
TDS on Property Purchase: What You Need to Know Before Buying one
Are you gearing up to buy a property? Exciting times ahead! Do you know that buying a property also means paying TDS to the Government depending upon the value and type of property? In this blog, we dive into what you need to know about TDS when it comes to buying a property. Why Do You Need to Pay TDS Upon Buying a Property? The purpose of TDS collection by the Government is to collect the tax when the income is generated and avoid tax evasion. It’s required to be deposited by the person making the payment. So, if you …
How Much Money Do I Need to Save for Retirement? – A Guide
“How much money do I need to retire in India” – as we grow older, this thought appears in our mind every now and then. Retirement planning is the process that involves calculating the retirement corpus and building a strategy to achieve it. Estimating the retirement corpus accurately is important to ensure that you do not outlive your savings and save the appropriate amount. Your retirement corpus should help you meet your estimated inflation-adjusted expenses after retirement. Retirement corpus is the money you need to live a retired life without compromising on your standard of living. Why Retirement Planning is …
Financial Planning In The 30s
The age of 30 is like a crossroads. You are no longer too young, and again, you are not old as well. What you do in this decade will influence how resilient your financial posture will be in the latter part of your life. Again, sometimes, it is only in the 30s that people start earning meaningfully. Perhaps they are planning to marry now, or they are just newly married. On the other hand, their parents are getting older. Therefore, people in their 30s remain in a very critical stage of their life. They must have a robust financial planning …
Should you continue your debt mutual funds after the change in taxation?
When investors adopt a narrow mindset focused solely on one aspect of the investment process, such as taxation or recent return trends, they inadvertently restrict their ability to see the bigger picture and achieve their ultimate financial goals, which often include wealth creation and meeting specific objectives. By fixating on taxation, you may prioritize minimizing your tax liabilities without fully considering the long-term growth potential of your investments or the suitability of the product itself. Similar is the case of this recent ruckus in the mutual fund space due to the changes in the taxation of debt mutual funds. In …
6 Reasons Why You Should Prepare Your Financial Plan Today
In a world where financial stability is both a goal and a challenge, one thing is certain: you are going to have financial milestones and goals to reach, which makes planning paramount. Whether you dream of a comfortable retirement, pursuing your passions, or achieving personal milestones, having a solid financial plan in place can be the key to turning those dreams into reality. In this blog, we delve into the top 6 reasons why you should prepare your financial plan today, empowering you to take control of your financial destiny and build a life of security and abundance. Financial planning …
5 Mistakes to Avoid When Filing Your Taxes This Assessment Year
Filing your taxes can often feel like navigating a labyrinth of documents, rules, regulations, and potential pitfalls. However, armed with the right knowledge, you can successfully steer clear of costly mistakes that could jeopardize your finances or even trigger a tax notice. In this blog, we will explore five common errors that taxpayers often make while filing their taxes, providing you with invaluable insights on how to avoid them. Whether you’re a seasoned taxpayer or a first-timer, this guide will empower you to ensure a smooth and stress-free tax filing experience. So, let’s delve into the five mistakes you need …
Your Complete Guide to PPF: Renewal, Loan, Withdrawal
In a world where financial security and stability are paramount, exploring investment avenues that offer both growth and safety becomes essential. Public Provident Fund (PPF), a popular and time-tested investment option that has been a trusted ally for individuals looking to secure their financial future. The Public Provident Fund, launched by the Government of India, has been a go-to investment choice for crores of people for over half a century. Individuals unable to be part of the EPF scheme can opt for PPF to save for retirement or meet other financial goals like child’s education or child’s marriage. Here’s a …
নতুন বছরে শুরু হোক লক্ষ্য স্থির করে বিনিয়োগ
এসে গেল আরও একটা নতুন বছর। গত একবছরে কতটা এগোতে পারলেন? গুছিয়ে নেওয়ার কাজটা সেই কবে থেকে করবেন ভাবছেন! কিন্তু হয়ে উঠল কি? চিন্তা নেই! নতুন একটা লাইন টেনে জীবনটা আজ থেকেই বেশ গুছিয়ে শুরু করুন। নতুন খাতা, হালখাতার প্রয়োজন নেই। হাতের মুঠোয় মোবাইলই আপনার জীবনকে গুছিয়ে নিতে সাহায্য করবে। ব্যাঙ্কের অ্যাপ থেকে গত এপ্রিল থেকে মার্চ – কত খরচ হল দেখে নিন। সহজেই পেয়ে যাবেন। যদি ইচ্ছা হয়, তলিয়ে দেখুন, মাসের সাধারণ খরচ কত হল, ছেলেমেয়ের জন্য নিয়মিত খরচ কত, বছরে বিশেষ বিশেষ সময়ে কত খরচ করেছেন। আলাদা করে শুধু দেখে নিন, নিয়মিত বিনিয়োগের খাতায় কত গেছে। যেমন, মাসিক …