National Pension System (NPS) is a ‘retirement savings scheme’ which anyone can use to build retirement corpus. Yes, NPS is a corpus builder. In itself, NPS cannot generate income after retirement. Why I’m highlighting this fact? Because as an investor we must be aware that only NPS-investing will take us through. More needs to be…
What is annuity? It is an investment product for retired people. Only after retirement, a person can get the benefits of annuity. Annuity is purchased to generate guaranteed regular income. The frequency of income generated by annuity can be monthly, quarterly, semi annually or annually (depending on selection). Is annuity a life insurance? Annuity is…
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…
In India motor insurance is mandatory. It must be availed by law. Without an insurance, no vehicle can run on the roads. It is applicable for all type of vehicles: two wheelers, four wheelers and commercial vehicles. There is a reason why motor insurance is made a mandatory requirement. It helps the insurer to deal…
When I first asked myself ‘how to stop overspending money’, I did not realise that answering this question will be so difficult. [What helped: My financial planning calculator]. Why its answer was ‘difficult’? Because it required some ‘deep thinking’. Why?Because overspending is caused more due to psychological limitations. When we spend more, it is kind…
There are hundreds of people around who can share their property investment ideas with us. Almost everyone, at some stage in their life, has experienced a property dealing. We’ve seen our parents, elder siblings etc buy a property. It has enriched our knowledge. Even listening about property dealing from friends also adds to our knowledge base. But nothing…
One’s present personal financial health is built upon how money was handled in the past. Better the money is handled today, healthier will be the future financial health score. When money is spent only to buy things, it can add nothing to one’s financial health score. Instead, it affects negatively. So, how to handle money?…
When you’ll Google the term “become debt free“, the search result will also display a query: “is it good to be debt free?“ This dichotomy related to debt has remained since ages. Why? For Banks, NBFC’s, government, and employers – loan (debt) strapped, EMI paying people are an asset. Hence they publicise debt as a…
Before this incident I never heard of a home construction loan. One of our colleague was constructing a home for himself. In this age of rapid urbanisation, he decided to construct a home, all by himself. He had set a lavish plan for himself. He was planning to construct a really nice home. We were…
If you want to start your expense tracking from today, you’ve landed on the right page. Here not only you will learn about expense tracking, but you can also download a tool to start doing it today. What is this tool? This is my budgeting and expense tracking Excel-based worksheet. It is a unique tool…
Experts write billion words about investment. But it is surprising that how little is written about how to save money (comparatively). In fact, it is hard to find a comprehensive guide about “savings” on internet. But on the other side, the topic of investment is widely covered. It is true that investment of money is more…
You will like the investment strategy shared in this blog post. Why? Because it is simple to understand, and also useful. Why simple? Because you can visualize all steps involved in the process of investing. Why useful? Because its simplicity will trigger you to start investing from today. [Read: A definitive guide on saving money…]…
