Common financial mistakes by people in 30s

Once in 30s, you often look at career and social growth & this makes you susceptible to making several financial mistakes.. What are some common financial mistakes people make in their 30s?

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Rich, yet bankrupt!

What makes you rich – high income or savings? There are several examples of celebrities who are seemingly rich, yet bankrupt!

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Mistakes to avoid in tax saving investments

What are some mistakes to avoid while choosing tax saving investments? There are plethora of tax saving options available (Most of the tax saving options in India are under Section 80C). However, very few people bother to understand how these investments works and what suits them.  This leads to people getting drawn towards investments which […]

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Does easy access to loans make things affordable to you?

Getting loans has never been easier. More and more banks, NBFCs and fintech startups are making it easier to access loans. Some promising loans with just click of few buttons. You can fulfill most of your needs via a loan, even if you are short on cash.

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5 reasons why people invest in insurance

Don’t mix insurance and investments – most financial advisers, who don’t have any conflict of interest will suggest that.  You end up doing injustice to insurance as well as investments in that case! Yet insurance continues to be a popular investment. What are the reasons why people “invest” in insurance products?

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Common mis-selling in financial products

Mis-selling in financial products – There is nothing new or uncommon in this. Yet we often fail to realize this – or realize it after it is too late! It is not uncommon to hear stories where people bought product because a friendly uncle or friend or bank’s relationship manager (RM) or investment adviser suggested. […]

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High cost of tax saving

Tax planning, for must us form an important part of managing our finances. By using certain provisions under Income Tax act, one can save good amount of taxes. Some investments and expenses facilitate tax savings. However, sometimes pursuit of tax saving can prove expensive. This is typically the case when one takes investing decisions primarily to save taxes rather than fulfilling some financial objective. This often leads to high cost of tax saving!

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Good debt versus bad debt

Good debt versus bad debt – How do you differentiate? Typically good debt creates assets and bad debts create liabilities. But there is more to it. Sometimes your need at that point of time can classify debt as good or bad. Few other times, you can know only with benefit of hindsight!

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