The Russian ruble has seen a significant drop in its value recently. To understand why, we need to look at the bigger picture of what’s happening in Russia’s economy. Let’s break this down step by step. 1. What Does Currency Depreciation Mean? Before diving into the reasons, let’s understand what it means when a currency…
Currency notes aren’t just means of transactions; they’re also witnesses to history. Among India’s various notes, the one rupee note stands out for its historical significance, rarity, and allure. Though its value may seem modest, its legacy and demand make it one of the most interesting items among collectors. Let’s dive into the story of…
On August 5, 2024, the global stock markets experienced a significant correction, with the Dow Jones Industrial Average plummeting over 1,000 points. This downturn was primarily triggered by a dramatic selloff in Japan, where the Nikkei 225 dropped 12%, marking its worst day since 1987. This blog post aims to unpack the key factors behind…
Consider this: You’re stuck in line at the bank on a Saturday morning, just wanting to deposit a check. But what if there was a better way? With a Neobank, you can ditch the branch entirely and manage your money from anywhere, anytime. No more waiting in lines, no more confusing paperwork. Just open an…
A common misunderstanding between credit and debt is that they are often used interchangeably or considered synonymous. While they are closely related concepts, they have distinct meanings and implications. This article will use examples to explain the difference between credit and debt Misunderstandings about credit and debt Many people struggle to grasp the distinction between…
The purpose of this article is to formulate a rule using which one can do the affordability analysis for oneself. The majority of us are not clear about our affordability factor. We are lured into believing that we can buy a thing that is actually not affordable. The idea is to understand the concept of…
The objective of this article is to highlight the use, effectiveness, and limitation of a Bad Bank. For the shareholders of banking stocks, especially government banks, it is interesting to know why the concept of Bad bank was introduced in India. If this Bank will function well, it has the potential to wash out the…
Financial intelligence is not developed in young people when they are in school. People who’ve it, got it from self-study and practice. But, in the midst of our daily chores of life, self-learning may look like a burden, extra effort. Hence majority skip it. Our education system is not formatted to include money-related lessons in…
If personal finance is a thing, it has three legs. The first leg is savings (spending less than earning). The second leg is investment (making money work). The third leg is emergency fund (capital for unplanned events).
Berkshire Hathaway is an American company run by the legend Warren Buffett. But why an Indian blogger (me) is writing about the company? Recently I was reading Berkshire’s Annual Report (2020). In the first few pages itself, it became evident that it is an uncommon company. The report had no flashy images, no charts, no…
![If A Bank Closes What Happens To The Deposits? [DICGC]](https://ourwealthinsights.com/wp-content/uploads/2021/06/If-a-bank-closes-what-happens-to-deposits-image2.png)
Once a person said, I have a fixed deposit of 65 lakhs in a bank. He asked if a bank closes what happens to the deposits? The answer is in the term called “Deposit Insurance & Credit Guarantee Corporation [DICGC]”. We will discuss about DICGC in this article. In a comparatively extravagant world of cryptocurrencies and the stock…
The year 2020 was tough (COVID-19). The second wave in the year 2021 seems to be even more lethal. During these times, people have realized that good money habits can prove to be saviors. Whenever humanity comes under stress, people tend to resort to basics. Food, shelter, health, family takes priority. But to better manage…
