Achievement of any goal needs a well thought out plan. Similarly, achievement of your financial goals needs a financial plan. Consider the following questions about your financial future: Do you know if your PF would be enough to give you a comfortable retirement? Do you know how much you need to invest in order to have […]
financial freedom
The Importance of Having a Financial Plan
In today’s uncertain economy, financial planning has become increasingly important. With an overwhelming number of options for saving and investing, managing your finances can be difficult. Creating a financial plan helps you see the big picture and set long and short-term life goals, a crucial step in mapping out your financial future. When you have […]
Did you buy HDFC Standard Life, Bajaj Allianz, Birla Sun Life, ICICI Prudential Life, or Reliance Life insurance policy?
Yesterday Finance Minister informed to Rajya Sabha about the number of complaints registered against insurer for unfair business practice during the period of 2012-13. Below is the list of top achievers 🙂 1) HDFC Standard Life-33,813 2) Bajaj Allianz-21,745 3) Birla Sun Life-21,651 4) ICICI Prudential Life-16,891 5) Reliance Life-16,401 Leading private life insurers HDFC Standard Life, Bajaj Allianz […]
Magic of LIC as tax-saving tool! Why should one invest in LIC than Fixed deposit?
There are dangers of comparing financial products because each product is designed for different purpose and needs. But comparisons are tools to help us arrive at decisions that account for our needs and suitability. We often hear how life insurance products give low returns compared to other products and it is partly true. However after […]
10 Financial resolutions for the new year 2013
1. Spend less – Keep a check on your spending. It sounds simplistic, but many people struggle with this first basic rule. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution to the company, and the going rate, both inside and […]
Saving vs Investing – Do you know the real difference?
It is important to understand the similarities and differences between saving and investing your money. It is also important to be sure that you are doing both within your budget and wealth building plan. Basically saving money is putting money aside on a regular basis. You spend less money than you earn and put the […]