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 […]
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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, […]
Income Tax: Documents Required for TDS and HRA Relief
As the Tax season is close by many of the Tax payers will be breaking their heads to save taxes. As i always say people should start planning their taxes in the beginning of the financial year than breaking their heads at the last moment and making hasty investments which will make them end up […]
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 […]
Tax saving is not enough! Go ahead do Tax Planning!
Most individuals we come across, are more worried about saving taxes than saving for their future. However, in the pursuit to save taxes, individuals more often than not, ignore financial planning. Many are of the opinion that planning their personal finances can be accorded a lower priority, after tax planning. They believe that financial planning […]