How compounding can work against you?

Compounding can work wonders for your financial life. But, there is a catch. This assumes that you are prudent and wise with your money. Unfortunately, most of us aren’t. And this is a perfect way to make compounding work against you. Advertisements

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10 reasons why people take personal loans

Running short of cash and the need is immediate? Dan’t worry, there is always a personal loan in the offing. Personal loans are, of late, not too difficult to access if you have a relatively stable source of income. In fact lot of banks & NBFCs have made a good business out of selling personal […]

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When you should invest in home … And when you shouldn’t

Buying a home is a big decision for many. While it often gives a sense of security, it is also a huge financial commitment. Unfortunately, many of us jump into “investing” in home soon after getting a stable income, without even being “ready” for it. This is often driven by need for a sense of […]

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Are you in a virtual debt trap?

Have you ever been in a situation where you have savings to buy something, but choose to buy it taking the loan/ EMI route? If the answer is NO, you are hopefully taking a right approach towards your financial life. If the answer is YES, then you are in a virtual debt. And you are […]

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5 common mistakes while planning taxes

If you’re a salaried person, it’s that time of the year – time when you’ll probably scramble around to get proof of investments and tax saving. No? If not, then hopefully you are well sorted in terms of tax planning, and the below content may not be too relevant to you! There are several ways […]

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What ROI you should be chasing while investing?

When you look around for investments, there is a glut – of investment products, of products packaged as investments and products masquerading as investments. However, when it comes to spending real money you need to have a right mix of investments. There is no one right approach towards investments, and there can be several approaches […]

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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 […]

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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 […]

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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!

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You should stop using credit cards now if …

Credit cards are often too attractive to resist. Many of them come loaded with some good welcome gifts, some good offers, a good credit period and the promise of enabling you fulfill your dreams via credit limit. Yet, for many people, especially first timers, this euphoria vanishes before few months. The underlying reason for most […]

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