Post Office Monthly Income Scheme [PO-MIS]: Generate Fixed Income

Indian Post Office Monthly Income Scheme Account

In India we have an investment option called “Post Office Monthly Income Scheme (MIS)”. Among other investment options, PO-MIS can also be considered suitable for investment by retired people. But PO-MIS is not limited for retired people alone. Anyone with age above 18 years can open a PO-MIS account. An account can be open even […]

Alternative Income: The Concept & Ideas For Second Income Generation [2021]

Alternative Income - Image

Introduction: Why to bother about building an alternative income source? Because every extra penny added to the wallet will add weight. Moreover, the long term goal for “second income” is to become big enough so as to cover the total expense requirements of life on its own. But what if the alternative income is not […]

Financial Independence: A Definitive Guide To Achieve It In Stages

Achieve Financial Independence in Life - Image

What is financial independence? It is a state where ones assets generate enough passive income to pay for the required expenses of life. People also mention this state of independence as financial freedom. In this state of independence, people need not work (do a job) to earn income. What they rely on is effortless automatic […]

Benefits of Budgeting and Tracking Expenses

Benefits of Budgeting and Expense Tracking - Image

One of the most underrated activity is ‘expense management’. We tend to focus more on income generation, and less on ‘managing expenses’. Why? [Read: About an Excel based tool which can budget & track expenses] The reason is perhaps simple. We tend to give more importance to things which are harder to get. Earning Money: […]

What is Reverse Mortgage? How it can generate income for old people?

What is reverse mortgage - image

Reverse mortgage is also a ‘home based’ loan. But it is different from our typical home loan. The main difference is that, reverse mortgage is available only for elderly people, above 60 years of age. In working, the reverse mortgage is just the opposite of home loan. Hence the word “Reverse” is used to name […]

Financial Planning for Non Salaried People [Freelancers]


Salaried people can afford a bit of mismanagement in finances. But financial planning for non salaried people must be spot on.  Income of salaried people are predictable. But for non salaried people (like freelancers, business men etc), income forecast can be tough. Monthly/annual income of non salaried people are irregular. What I mean by irregular? […]

What is E-Gold Investment in India?

What is e-gold - image

We know how gold is an investment vehicle. But what is e-gold? All over the world the commodity market is dominated by precious metals like Gold and Silver. In India in year 2010, National Spot Exchange introduced E-Gold. The biggest benefit of E-Gold is that it allows investors to invest in gold with much lower […]

How to Become Crorepati in India?

How to become crorepati in India - 1

Is is possible for a common man to become crorepati in India? Honestly speaking its not easy. But is there a way out? Generally we associate only big movie starts, politicians, cricketers & businessmen with the word crorepati. But the question here is, can a common man like you and me become crorepati? I know […]

How Easy is the Online EPF Withdrawal Process?

Online EPF withdrawal process - image2

How difficult it was for people to understand the EPF withdrawal process? In good old days, EPF withdrawal process was known only to the employer. Hence it was not uncommon to find ex-employees being harassed by the employers for their EPF withdrawals. But the cases of harassment was a smaller problem. The bigger issue was […]


Personal Balance Sheet for Individual - image2

What is the utility of a balance sheet for individual? Why a salaried employee must maintain a personal balance sheet? There can be no if’s and but’s in the answer. An individual must maintain a balance sheet for personal use. Why? Because it will assist in keeping ones personal finance in order. What is a […]

What is REIT India? Whether to Invest or Avoid?

REIT India - Image

REIT is an acronym for Real Estate Investment Trust. REIT is basically a company which develops and own ‘income producing’ real estate properties. IPO of India’s first REIT was launched on 18-Mar’19. Shares of Indian REIT started trading from 01st April’19 in Bombay Stock Exchange. In the 3Q ending 31-Dec’2019, Embassy REIT has posted a […]