Many times, we focus on things to do to improve our long term financial health. In this post, let’s discuss some of the financial habits that are likely to affect your long term financial health adversely. These habits can affect you in many ways. You may not be able to invest enough. You may not… Continue Reading
Planning for retirement is one of the most important financial goals for anyone. During your working years, you need to ensure that your lifestyle does not suffer during your retirement. Here are a few tips that you can use while planning for your retirement. 1. Set a CORRECT retirement corpus target. It is not easy to… Continue Reading
When you are chalking out a financial plan for yourself, health insurance is one aspect that features prominently. With cost of quality healthcare rising sharply (partly because of health insurance itself), a prolonged hospitalisation can deplete your long term financial health. An adequate health insurance cover can provide good cushion to your finances in such… Continue Reading
Being self-employed gives you the freedom to work on what you want and how you want. You don’t have to deal with a rude boss and frustrating office politics. You may get to choose your work timings. Till now, everything sounds good. However, self-employment can bring its own set of unique problems. There is no… Continue Reading
Insurance is the first step in financial planning. Before getting your investments right, you must get your insurance portfolio right. If you get your investments wrong, you may still get another chance especially if you are young. However, if you get your life insurance wrong, there won’t be a second chance. If you get health… Continue Reading
In one of the earlier posts on Retirement Planning, I had discussed the importance of starting early, portfolio diversification and a few psychological investments to get you on right financial track. By starting early, you get the power of compounding behind you and your small (involuntary) contributions can result in a significant corpus by the… Continue Reading
As the financial year draws to a close, the hustle for tax-saving products grows stronger. The human resources department of your company is after you for proofs of tax-saving investments. Last quarter of the financial year is anyways quite hectic. You are already under so much work pressure. Amidst that you need to find time… Continue Reading
Why do we purchase insurance? Well, the answer is simple. You purchase insurance to guard against the impact of a particular event on your family’s finances. That event could be death, illness, disability or damage to expensive belongings. You don’t insure your pen or clothes but you insure your car. Why? This is because loss… Continue Reading
People are prone to diseases and it is impossible to predict as to when a health crisis will manifest itself in your life. Health care also has improved leading to longer life expectancy. However, the cost of health care also has gone up, and can empty your life’s savings if you need hospitalization and special… Continue Reading
When Finance Minister, Mr Arun Jaitley, presented the NDA government’s first full year budget on 28th February 2015, I was one of the millions of Indians who sat glued to their television sets to catch the budget highlights first hand. To be honest, like most of individual tax payers out there, I was expecting a… Continue Reading