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 freedom
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. […]
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 […]
3 Golden Mantras to Achieve Financial Freedom
Assuredgain believes the path to success is by keeping it simple. Three golden mantras to achieve financial freedom are: You must spend less than you earn Commit to a strategy you can follow. Be disciplined and exercise patience. Tax season forces people to take a cold hard look at their finances and investment portfolios whether […]