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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Why you should get your health insurance now!

Medical expenses is arguably the single biggest unexpected expense that can set your financial plans back. Unfortunately, it is difficult to predict medical emergencies. The best one can possibly do is be prepared and health insurance can play an important role in it. Yet lot of us are uninsured or under insured.

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3 reasons why you need a financial plan

Financial planning is one of the first steps towards a healthy financial life. Yet very few of us have a financial plan in place. And even within this set, very few of us actually follow the plan. Here are some reasons why you need a financial plan!

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Where are the stock markets headed for?

Where are the stock markets headed for? We all can make calculated guesses based upon our own understanding and observations. Some of us will probably be right. But nobody knows for sure where the stock markets are headed for.

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Paying off debt versus investing money?

If you get some additional money in hand via a bonus or a pay raise – what should you do? Indulge yourself, pay off your debts/ loans, if any or invest? There are seldom any easy choices there – especially when it comes to paying off debt versus investing. And both may have their own merits and demerits!

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5 reasons why aiming for FIRE makes sense

While you are aiming for FIRE, it may well happen that you may not achieve it or may achieve just partial financial Independence. But the financial independence mindset may align you towards the possibility of this happening, if situation be. Here are 5 reasons why aiming for FIRE makes sense.

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The financial independence mindset

There are many people who make lot of money and can be potentially financially independent in future, but they don’t. Conversely, there are many people who may not be making much money but can potentially be closer to financial independence in few years. They may or may not get there. But they can at least be on that path. What differentiates the both? Arguably it is the starting point – the mindset – the financial independence mindset.

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Are your investments really profitable?

We all want our investments to be profitable and deliver good returns. But how do we evaluate profits on investment? Is it a simple selling price minus cost price of the investment? Or is it not simple as it sounds? Is there a sure way to know if your investments are really profitable?

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3-point checklist before you begin investing

Investing right can be a great way to make and grow wealth. If done right, in long run, investing can help you achieve your financial goals and even financial independence. The earlier you start your investing journey, the better it is. It gives you much more time to let compounding work wonders for you! However, investing, while important, is not the only goal of your financial journey. Here is a small 3-point checklist that you should tick off before beginning your investment journey.

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