Financial Independence versus Financial Freedom have slight difference. Let us try to understand these two terms and their significance. Financial Independence = Zero-debt + Adequate Emergency Funds + Adequate Health Insurance Cover + Income excluding Salary and Investments >= Average Monthly Expenses So, when you’re financially independent, you don’t owe a penny to anyone and you’ve […]
financial planning chennai
Tax planning, a puzzle for you? Not anymore.
Planning for taxes is a priority for all of us. But instead of planning for taxes, it’s ideal to have a financial plan which can be aligned with the tax planning. Remember, our life cover and investments should not be determined only by tax planning. AssuredGain expert will guide you for the right tax planning […]
Retirement Planning india for 50+
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 […]
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 […]
Financial Planing for NRIs in a nutshell
Financial Planing NRI Significant number of investments are made by NRIs during their short visits to India. During that period, when they visit their bank or speak to relatives/ friends, they get a broad view on what is happening to various asset classes – be it real estate, stock markets, or bank deposit interest rates. […]
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. […]