My Naveen asked me the other day- ” I am 52, should I start retirement planning now ? Am I late starter?” The question prompted me to think on how to do retirement planning for late starters but before we go there, is 52 late in starting? Given all the basics of personal finance like […]
Financial Freedom
Rajiv Gandhi Equity Savings Scheme –2012
This is a new tax-saving investment scheme introduced by our finance minister and is now approved for roll out. RGESS is a tax saving scheme meant to invest retail investor’s money into the stock markets that will allow tax breaks. This scheme is similar to ELSS . Let us take a quick insight at its […]
Eighth Wonder of the World to get Rich – The Power of Compounding
Albert Einstein, arguably one of the most intelligent people who ever lived, was asked what he thought was the greatest of mankind’s discoveries. His answer: “compound interest.” He went so far as to call it the eighth wonder of the world. As an example of just how powerful this can be, consider the following scenario. […]
How to become Crorepati in a few short steps !
How to become Crorepati in a few short steps ! Very gleefully my client, a salaried individual said , ‘I want to have a net worth of 50 crores in the next ten years , that’s why I am here to see you ‘. I couldn’t help think that he was in the wrong place, […]
Have you made allocation for Emergency Fund?
Rajesh (36) a manager in a reputed BPO firm had been informed by his office colleague that investment in land was one of the best things to do for earning higher returns. After considering a proposal which came his way, Rajesh purchased half an acre of agricultural land for sum of 9 lakhs in outskirts of […]
What Benefits can I Expect From Utilizing the service of a Certified Personal Financial Advisor
There are many benefits from undertaking the services of Financial Coaching. Depending on your circumstances and your commitment to change, these could be many and varied and include: Confidence and knowledge in handling your finances and planning for your future Setting your kids up to be financially successful Knowing how much you need to save for […]