Myth is always far from reality. It applies to some of most common or following 5 financial planning myths. The goals and objectives in our lives keep changing with time. In India, Financial Planning is loosely correlated to Retirement planning which is not true. In laymen terms, We need Financial Planning for each & every critical financial goal in life. Be it Kids Education, Buying a Property or Retirement. Different financial goals have different time frames e.g. i have time frame of 10 years for kids education or 15 Years left for retirement. The biggest roadblock to financial planning ... Read More
Floating vs Fixed Interest Rate Home Loan
At the time of availing Home Loan, the biggest dilemma is to select Floating vs Fixed Interest Rate. Any wrong decision can put big hole in your pocket. Normally, risk averse customers opt for Fixed Interest Rate. If you decide to switch loan from Floating to Fixed during loan tenure then you might need to shell out charges upto 1% of outstanding loan amount. Let's find out pros and cons of both to solve this riddle of Floating vs Fixed Interest Rate Home Loan Floating Interest Rate Home Loan Between Floating vs Fixed Interest Rate, In Floating Home Loan interest rate is linked to Base ... Read More
15 Home Loan Hidden Charges Banks Don’t Tell
Home Loan hidden charges are back in limelight as the banks are finding newer ways to make more money out of you. Home Loan hidden charges is a grey area & there are no clear cut guidelines regarding same. In India, transparency takes a back seat and regulatory bodies are also turning blind eye towards Home Loan hidden charges. I receive lot of complaints from my readers so i decided to write a post on this topic. Like the amount charged there is no standard definition of home loan hidden charges as banks keep moulding the definitions as per their convenience. Lets go though each of these ... Read More
7 Tips to Save Money During Recession
Thanks to my wife for inspiring me to write this article on Tips to Save Money. It's Recession Time folks and Every Rupee saved is Rupee earned. To save money is not a Science but an Art. The irony of life is that once you reach certain lifestyle then you cannot compromise on same at any cost. With increase in disposable income, Lifestyle changes. Now you must be wondering how to save money without compromising much on lifestyle..Very much possible, let's go through following 7 Tips to save money during recession for rainy days Buy only what you need Impulse shopping put a major hole in ... Read More
Equity Investments – Not My Cup of Tea
Today i was reading an Article in one of Business Magazine regarding recent Market Rally. The Stock Market touched all time high. As an investment class, equity investments does not yield great returns even in long term. Reason being very few stocks participated in recent rally. The highlight of recent rally is that retail investors were missing from market. There was no euphoria as we saw in 2008. Investors deserted the market after Global Financial Crisis in 2008. I saw this superb video on You Tube explaining Global Financial Crisis of 2008. As a thumb rule, all the Financial Gurus suggest ... Read More
5 Tips to Improve CIBIL Score
One of my reader Mr. Anil Gupta (Name Changed) from Jaipur sent me a query on how to improve CIBIL Score. I must say that there is no scientific formulae to improve credit score. Only Brahamastra to improve CIBIL score is to follow financial discipline & maintain healthy Credit Portfolio. Lot of my readers have availed paid services of some online portals to improve CIBIL Score but trust me none of them can help you to improve CIBIL score immediately. These portals only fool customers. Only Right advice & Credit guidance can help. Lets understand from following case study of Mr. Gupta, ... Read More
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