Prerequisites before aiming for financial independence

Want to become financially independent (or partially financially independent? ). There is no magic wand but to earn decently, save & invest well and keep expenses low. Doing this, you may reach closer (at your own pace, depending upon your pace!). However, before beginning the journey towards financial independence, there are certain prerequisites, that you […]

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25 financial tips for a 25 year-old

If you are 25 year old, there is a good likelihood that you would have started working or are likely to start soon. And hopefully start(ed) managing your own finances.So, what do you do next? Here are 25 financial tips for a 25-year-old!

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Is Rs 1 Crore enough to retire in India?

If you have Rs. 1 Crore in your bank account, is it good enough to retire? Answering this question in affirmative or otherwise will not make or break your F.I.R.E. journey, in case you are pursuing one. However, it is a common question and asking more subsequent questions can help you arrive at a number […]

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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.

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How much money is needed to achieve partial financial Independence in India?

Partial financial independence is a good first step towards complete financial independence (and early retirement, if that interests you!). Getting your numbers and assumptions right is a good first step towards it. This number may be different for different people based upon current savings, expenses, planned major expenses/ life goals and planned “life after partial financial independence”.

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How much money is needed to be financially independent in India?

How much money is needed to be financially independent? It depends primarily upon your lifestyle needs and financial goals. Someone with an extremely frugal lifestyle and no major financial goals would need less. For someone with an extremely lavish & flashy lifestyle, nothing would suffice.

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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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10 lifestyle traps that you should be wary of

Chasing lifestyle may be good for your self esteem, but chasing it indiscriminately without worrying much about your finances can soon put you on the road to financial doom. Unfortunately, this can happen even if you have lot of money to begin with. It is not uncommon to hear of celebrities occasionally going bankrupt. Isn’t […]

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Chasing partial financial independence

Partial financial independence is a life stage wherein your investments can take care of your basic day to day expenses, but this amount is way short of what you may need to take care of your expenses over your lifetime.

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