This is Part 4 of the series- How to Create Wealth – Do-It-Yourself Way. A recap- we learned how to Start Creating Wealth by calculating our Net Worth and identifying Assets & Liabilities in Part 1. Then we progressed to making Budgets, do Budgeting and knowing Savings potential in Part 2. We further went aheadRead More
beginner
Simplifying the Rule of 72
I am sure you know the thumb rule of 72. We all use it to know when we can double the money or what rate of returns we ought to earn to double our money. But do you know why 72 is used and not other numbers like 71 or 72? Well, it dependsRead More
Automated Savings Plan
Aren’t these two words “Savings” & “Automatic” antonyms? Can savings happen automatically? My answer is with you – No. Savings do not happen automatic because of the very human nature of “pleasing yourself first”. One tries to dodge all hard functions first and tries to shift/delay the real painful measures. But we all know savingsRead More
How to create a personal or home budget ?
Have you been ever involved in your home budgeting or your personal budgeting during your overall financial planning process ? If you belong to the strata of investors who do not know where your income is going, then you are not the single one out there. Most of the investors I have interacted with doRead More
What is financial planning ?
Do you know what is financial planning and why it is important for every investor ? Let me try and clear the cobwebs. Everyone likes money. Everyone would like to be rich. Everyone has some desires and wants that money can fulfill. But very few people know how to get to these needs in aRead More
Investment Avenues for Indian Investors
In our article today, I will try to list the different types of investment avenues available in India where investors can put in their money. The figure shown below is pretty self-explanatory. However, I will quickly explain the specifics. Indians can invest broadly into five categories of investments – Equity, Debt, Real Estate, Commodities andRead More