19 financial mistakes to avoid in 2019

As the new year begins, I wish everyone a very Happy New Year. I am hoping that this year, I’ll make better financial decisions and hopefully people reading this will also do so. One good first step can be to avoid making bad financial decisions and keep improvising. Here are some financial mistakes one can […]

Read More
Advertisements

Major roadblocks to achieving financial independence

The road to achieving financial independence can be intimidating for the uninitiated. However, once on this path, once can realistically hope to achieve at least partial financial independence at some point in life. Right approach is important for achieving financial independence. At the same time one needs to be cognizant about the factors that can […]

Read More

How can you be on the path towards financial independence?

In my earlier post I talked about financial independence.   Here, let me elaborate on the steps one can take to be on the path to financial independence. While complete financial independence may not be achievable for everyone, with right approach one can at least try to achieve partial financial Independence.   Here are the […]

Read More

What is financial independence?

Hearing the term – F.I.R.E – Financially Independent and Retire Early is not very uncommon, and it is also not uncommon to find people having achieved that or aspiring to achieve that. Are you one of them?   Financial independence is basically having enough assets that they can take care of your expenses for rest […]

Read More

Worst loans and debts that you should avoid

Giving loans is a lucrative business. Business of banks and financial institutions rely on people taking loans and then repaying it, thus giving them profits. Many have built a fortune based upon giving loans. Loans also serve an important function for the economy by being a facilitator to businesses, housing, automobiles and other elements of […]

Read More

Basic principles of handling personal finance

How you handle your personal finances can go a long way in determining you overall financial well-being. If you are good at handling it, you can be on path to financial independence even with a decent (not necessarily high) income. Conversely, if you don’t handle your personal finances well, you may end up never being financially independent even though you may be making tons of money. In this post, I’ll be sharing my take on basic principles of handling personal finance!

Read More

Are you falling into a lifestyle trap?

Almost everyone wants to have an amazing lifestyle – with best possible food in best possible places, awesome travel destinations, a swanky car, few trending gadgets, elite memberships and many other symbols which can proudly announce – “I have arrived”.   Yet a lot of us get so obsessed with chasing this lifestyle that before […]

Read More

Why you should avoid credit card debt?

If not managed properly, credit cards can soon lead you into a downward financial spiral which entails a never ending series of interest payments, balance transfers, bad credit rating, mental stress and more. So, it is important to handle credit cards with care and avoid credit card debt.

Read More

5 benefits of taking a personal loan

In my earlier posts I have often argued that personal loan is one of the worst form of loans, and I stand by it. And maybe, this subject line may seem to be a click bait! Yet there are few benefits (relatively speaking!) of taking a persona loan vis a vis the other alternatives available […]

Read More

The story behind credit card debts and personal loans

Any one with even an iota of interest in personal finance & its workings would probably know that credit card debts and personal loans are usually the worst kinds of debt traps that you can fall into. Yet many people fall into that trap again and again. Many of them do come out of it […]

Read More