In a world marked by financial uncertainties and economic complexities, the pursuit of financial independence has emerged as a beacon of hope. It offers the promise of a life unburdened by monetary constraints. Financial independence is a concept gaining remarkable traction in recent times. It holds the potential to transform lives and empower individuals to…
In India we have an investment option called “Post Office Monthly Income Scheme (MIS)”. Among other investment options, PO-MIS can also be considered suitable for investment by retired people. But PO-MIS is not limited for retired people alone. Anyone with age above 18 years can open a PO-MIS account. An account can be open even…
Introduction: Why to bother about building an alternative income source? Because every extra penny added to the wallet will add weight. Moreover, the long term goal for “second income” is to become big enough so as to cover the total expense requirements of life on its own. But what if the alternative income is not…
One of the most underrated activity is ‘expense management’. We tend to focus more on income generation, and less on ‘managing expenses’. Why? [Read: About an Excel based tool which can budget & track expenses] The reason is perhaps simple. We tend to give more importance to things which are harder to get. Earning Money:…
Reverse mortgage is also a ‘home based’ loan. But it is different from our typical home loan. The main difference is that, reverse mortgage is available only for elderly people, above 60 years of age. In working, the reverse mortgage is just the opposite of home loan. Hence the word “Reverse” is used to name…
Salaried people can afford a bit of mismanagement in finances. But financial planning for non-salaried people must be spot on. 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…
![Swagbucks India: A Way to Earn Money Online [Now]](https://ourwealthinsights.com/wp-content/uploads/2018/06/Swagbucks-image.png)
This article is about how one can earn money online in India using Swagbucks. As on date, I’ve earned about 19,700 SB’s which is equivalent to about Rs.12,000 Indian Rupees (check my Swagbucks earning details) In Year 2016 and I was new to Swagbucks. Today in 2021, I’m still hooked to Swagbucks. Why? Because it does…
We know how gold is an investment vehicle. But what is e-gold? All over the world the commodity market is dominated by precious metals like Gold and Silver. In India in year 2010, National Spot Exchange introduced E-Gold. The biggest benefit of E-Gold is that it allows investors to invest in gold with much lower…
Is is possible for a common man to become crorepati in India? Honestly speaking its not easy. But is there a way out? Generally we associate only big movie starts, politicians, cricketers & businessmen with the word crorepati. But the question here is, can a common man like you and me become crorepati? I know…
How difficult it was for people to understand the EPF withdrawal process? In good old days, EPF withdrawal process was known only to the employer. Hence it was not uncommon to find ex-employees being harassed by the employers for their EPF withdrawals. But the cases of harassment was a smaller problem. The bigger issue was…
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…
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:…
