Prepayment of loan can directly lowers the principal amount. If one keeps the tenure unaltered, lowering of principal amount will directly lower the EMI. This is the way one can make a prepayment and save money. In order to understand how much EMI can be reduced by prepayment, I am providing here an excel based…
What is the utility of a balance sheet for individual? Why a salaried employee must maintain a personal balance sheet? There can be no if’s and but’s in the answer. An individual must maintain a balance sheet for personal use. Why? Because it will assist in keeping ones personal finance in order. What is a…
What is the significance of high EPS companies? Why investors look for stocks with high EPS ratio? Does high EPS really means that the stock is good for investing? [list of High EPS stocks is here] Principally, ‘high EPS’ of a stock is a good thing. But high EPS alone does not make a stock…
Loan Prepayment Calculator Loan Amount (₹): Annual Interest Rate (%): Loan Tenure: MonthsYears Loan Prepayment Amount (₹): Prepayment Month: Prepayment Intent: EMI ReductionTenure Reduction Calculate Loan Summary Before Prepayment EMI (₹): Tenure: Total Interest (₹): Total Payment (₹): After Prepayment EMI (₹): Tenure: Total Interest (₹): Total Payment (₹): Total Savings Due to Prepayment ₹…
REIT is an acronym for Real Estate Investment Trust. REIT is basically a company which develops and own ‘income producing’ real estate properties. IPO of India’s first REIT was launched on 18-Mar’19. Shares of Indian REIT started trading from 01st April’19 in Bombay Stock Exchange. In the 3Q ending 31-Dec’2019, Embassy REIT has posted a…
FAQ’s Related To OLA / UBER Select your question: — Select a question —Q1: How much does an Ola car owner earn per month?Q2: What is the commission Ola takes per ride?Q3: How much do Ola drivers earn per day?Q4: How much does an Uber car owner earn per month?Q5: What is the daily income…
How to invest 10 lakh rupees in India? We are dealing with a big lump-sum amount here. Hence, it is better to proceed with caution. Idea should be to generate the ‘expected returns‘ with a “reasonable risk of loss” associated with it. It is important to understand the following concepts before proceeding: Expected Returns: Example:…
The best investment plan is one which not only takes care of our needs but also creates wealth over time. What I’m saying is nothing new, right? Investment advisors have been saying this for years. But the problem comes in its implementation. Buying mutual funds, stocks, bonds etc in the name of investment is not…
One day I was sitting with my group of friends. We were randomly gossiping about things, when the topic of investment came up. People were eager to know about it, but they only wanted quick answers for queries like ‘where to invest money for high returns‘. Frankly speaking, there are no quick answers when one…
Dividend paying mutual funds are my favourite investment vehicle. Why? I like them because it can generate short term income. “Income generation” and “equity investments” does not go hand in hand. This is why, regular dividends from equity based funds makes it unique. I love it. But income seekers must play cautiously with mutual funds….
When I was 25, I was already dreaming about financial independence. On one side, my father was enjoying his job even when close to retirement, while I was considering it (retirement) at the outset itself. Read more about how to be financially independent. [Check at the bottom of this post to know, where to invest…
Problems Related To Non-Payment of Loan Select Your Query: –Choose a query–Q1: What are the legal consequences of not paying a personal loan?Q2: Can you go to jail for defaulting on a personal loan?Q3: What happens if you miss a personal loan EMI payment?Q4: What steps should I take if I am unable to pay…
