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
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. […]
Maximizing savings: ONE FOR THE MONEY
Maximizing savings is one of the most important things you can do to ensure you are comfortable in the future. Unfortunately, many people fail to put in place strategies that increase their wealth. A good way to start saving is to make a lump sum deposit into a separate savings account and make regular deposits […]