Building The Required Corpus with SIP SIP Goal Planner šÆ Target Corpus (ā¹) ⓘ ā³ Investment Period (Years) ⓘ š Investment Type ⓘ Direct StocksEquity FundsHybrid FundsPure Debt FundsGoldReal Estate š Custom Rate of Return (% p.a.) ⓘ š Annual SIP Step-Up (%) ⓘ Calculate SIP Summary: Vishal Dev, a 25-year-old from Gurgaon, aims to…
Summary: This article we’ll explore whether saving or investing is more important, comparing their benefits and risks, and guides you on choosing the right option for your financial goals with practical Indian examples. Jump here to see a mind-cap & a comparison table. Introduction I know how much we value every rupee (our income). Growing…
The objective of this blog post is to highlight the requirement of the 12 steps of financial planning in Your 20s. There are three stages to financial planning shown in this post. It starts with taking the basic first steps. Then the person should graduate to the savings mode and finally to the investment mode….
A Zero depreciation car insurance cover is a type of policy that will cover the entire cost of replacing the parts of an accident vehicle. Generally, even in a comprehensive cover, the insurance company does not remit the full cost of replacement. But in a zero depreciation cover, the full amount is payable. Why I’m…
Summary Points: Goal-based investing ensures that we align their financial decisions with specific, purpose-driven objectives, enhancing efficiency and long-term success. By identifying and prioritizing financial goals like building an emergency fund, purchasing a car, buying a home, securing a child’s future, or planning for retirement, investors can systematically allocate funds to appropriate instruments such as…
When one first starts to feel the need for a personal finance overhaul? It does not happen while just starting in a job. The need for organizing finances creeps in after few years on the job. It’s the time when one is wondering where the money is going? This query starts a chain of thoughts in our minds. Eventually, we realize…
When I first asked myself ‘how to stop overspending money’, I did not realise that answering this question will be so difficult. [What helped: My financial planning calculator]. Why its answer was ‘difficult’? Because it required some ‘deep thinking’. Why?Because overspending is caused more due to psychological limitations. When we spend more, it is kind…
It is essential to build ones financial literacy. Why? Because in todays world almost every human activity is in some ways dependent on money. We need money to get access to even bare necessities of life like food, clothing, and shelter. Our spending needs, does not stop with necessities only. We also need money for…
Salaried people can afford a bit of mismanagement in finances. But financial planning for non-salaried people must be spot on.Ā Income of salaried people are predictable. But for non salaried people (like freelancers, business men etc), income forecast can be tough. Monthly/annual income of non salaried people are irregular. What I mean by irregular? The…
