An emergency fund lies at the foundation of your financial plan. its Presence or absence could be the difference between your financial success or failure. Just like financial markets, life is unpredictable. It is full of ups and downs. You can not predict what curve-ball life is going to throw at you tomorrow. How this […]
Those who participate in financial markets like to think of themselves as Investors. But this is not the case because a lot of people are actually speculators. Stop deluding yourself into believing that you are investing in the market when in reality you are only speculating. This confusion can harm your investment portfolio more than […]
Having a clear understanding and ability to distinguish between “What you NEED” vs. “What you WANT”, is an important step towards successful money management. You should be able to categorize your needs and wants clearly in order to use your money wisely. Needs are non-negotiable absolute requirements of your life. Wants are not necessary but […]
The following applies to investing in shares or investing in Equity-based mutual funds We have all heard about the golden rule of investing: buy low, sell high. Just follow this simple rule and you will increase your fortune. In other words, master the art of timing the market: identify the best time to get in […]
The Importance of Budgeting Even after working so hard for your money, you never seem to have enough of it. Well, the problem is not your earning but spending. And the easy solution is Budgeting. Budgeting is simply creating a plan to spend your money. It’s a way to ensure that you don’t spend more […]
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