Build Wealth: Secure Your Future With These 5 Personal Finance Habits
3 weeks, 1 day ago

Build Wealth: Secure Your Future With These 5 Personal Finance Habits

ABP News  

By Ramneek Ghotra Managing personal finances effectively is key to building a secure financial future. 20 per cent to self-care and discretionary expenses like dining out, hobbies, entertainment or even personal development. 20 per cent for savings aimed at long-term goals like retirement, buying a house, or starting a business. 10 per cent for emergencies to ensure you’re prepared for unexpected expenses such as medical bills, car repairs, or sudden job loss. The average stock market return for the last 5 years was 11.33 per cent, for the last 10 years it was 12.39 per cent, for the last 20 years it was 9.75 per cent, and for the last 30 years it was 9.90 per cent.

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Experts share their tips for improving your finances without earning more
1 week, 1 day ago

Experts share their tips for improving your finances without earning more

The Independent  

The new year is a good time to review your finances. Wesley Harrison, head of financial planning at wealth manager Benchmark, advises: “Writing down your regular expenses can reveal potential savings, such as cutting unused services and subscriptions or reducing spending in certain areas. Gerstler adds: “Having protection in place means that if something happens to you or your health, …

Why building an emergency fund is crucial? Financial goals in 2025 and expert tips
1 week, 1 day ago

Why building an emergency fund is crucial? Financial goals in 2025 and expert tips

Live Mint  

Emergencies usually don't happen when you expect them to, but they can happen anytime. "For anyone aiming to secure their financial future, starting the year with a focused action plan to build an emergency fund is essential. According to financial advisers, an emergency fund should primarily be used as a safety net for unforeseen life events like losing one's job, …

10 tips from experts to help you change your relationship with money in 2025
1 week, 6 days ago

10 tips from experts to help you change your relationship with money in 2025

Hindustan Times  

NEW YORK — With the end of 2024 around the corner, you might be reflecting on financial goals for 2025. 10 tips from experts to help you change your relationship with money in 2025 Whether you're saving to move out of your parents' house or pay off student loan debt, financial resolutions can help you stay motivated, said Courtney Alev, …

10 tips from experts to help you change your relationship with money in 2025
1 week, 6 days ago

10 tips from experts to help you change your relationship with money in 2025

Associated Press  

NEW YORK — With the end of 2024 around the corner, you might be reflecting on financial goals for 2025. “Entering a new year doesn’t erase all our financial challenges from the prior year,” Alev said. If you feel like money is a chore, that there’s shame surrounding the topic of money, or like you were born being “bad at …

Is Your Wealth Plan on Track? Here’s How to Ensure It Stays on Course
1 month ago

Is Your Wealth Plan on Track? Here’s How to Ensure It Stays on Course

The Quint  

Rohit Chakraborti, a 30-year-old marketing professional based out of Bengaluru, recently found himself in a dilemma. Despite diligently setting aside money every month, he had no idea if his savings were on track to meet his goals of buying a home and starting a family in the next five years. A casual chat with a close friend and wealth advisor …

Retirement ready: Here are some essential tips for financial security
1 month, 1 week ago

Retirement ready: Here are some essential tips for financial security

Live Mint  

The idea of planning for retirement at a young age may seem unconventional to many. Retirement planning is an essential component of a sound financial strategy, providing ample time to address potential challenges that may arise. Here are some tips to ensure financial security in retirement: Setting the foundation: Evaluating financial goals Effective retirement planning begins with assessing financial goals. …

From Near Bankruptcy to Financial Freedom: A Journey of Comeback from Debt to Savings
2 months, 2 weeks ago

From Near Bankruptcy to Financial Freedom: A Journey of Comeback from Debt to Savings

Live Mint  

The article chronicles the journey of Unny Radhakrishnan, CEO of Digitas India, from near-bankruptcy to financial security. Through interviews with his financial advisor, Mr. Suresh Sadagopan, the article highlights the importance of sound financial planning and disciplined saving and investment strategies for achieving financial freedom. The article emphasizes that building wealth is not solely about earning more but also about …

Make Money And Secure Future: 11 Personal Finance Rules Everyone Should Know
5 months, 1 week ago

Make Money And Secure Future: 11 Personal Finance Rules Everyone Should Know

ABP News  

11 Personal Finance Rules: Understanding personal finance is important because it empowers you to make informed decisions about your money, leading to greater financial stability and security. For instance, at an 8 per cent interest rate, it will take 9 years to double your money. 3) 4 Per Cent Withdrawal Rule To achieve financial freedom, you need a corpus of …

Top 7 Long-Term Financial Strategies For Students: Avoid Debt, Open Savings Account And More
5 months, 1 week ago

Top 7 Long-Term Financial Strategies For Students: Avoid Debt, Open Savings Account And More

ABP News  

Top Long-Term Financial Strategies For Students: In today's world, financial goals are not just a luxury but a necessity for anyone striving for financial security. Understanding how to set financial goals and the types of goals to aim for can help students create that road map and stay on track. By setting and working toward these financial goals, students can …

Financial goals and the buckets of investing
9 months, 3 weeks ago

Financial goals and the buckets of investing

Live Mint  

Investing cannot be ‘one strategy fits all approach’. Three common buckets are based on financial objectives that address short-term savings, medium-term goals, and long-term retirement investments. Benefits of the bucket strategy: Goal-oriented approach: By allocating investments to specific buckets, investors can align their portfolios with their financial objectives. Risk management: Segmenting investments into buckets based on risk tolerance allows investors …

How to constitute your finances
11 months, 1 week ago

How to constitute your finances

New Indian Express  

India celebrated its 75th year of being a republic. A persistently high inflation rate eats into your savings, and you are left with money that has lesser value than before. There are 50 crore permanent account numbers or PAN card holders and similar bank accounts in India. However, there are merely 4.2 crore unique mutual fund investors. That is despite …

How to navigate your financial growth amidst uncertain times?
1 year ago

How to navigate your financial growth amidst uncertain times?

Live Mint  

Indian economy has been a shining star on the global stage amidst a peer group witnessing a slow to no growth rate. The World Bank, in its latest India Development Update, highlighted the Indian economy’s “resilience" despite challenges in the global environment. Navigating your financial growth at a macroeconomic level in times of heightened uncertainties can be challenging for individuals. …

6 major financial mistakes you must avoid making in the coming year 2024
1 year ago

6 major financial mistakes you must avoid making in the coming year 2024

Live Mint  

As we near the conclusion of 2023, now is an opportune moment to pause and evaluate our financial standing. Functioning as a safety net, an emergency fund furnishes you with financial resources to manage unforeseen expenses, preventing the need for accumulating debt or depleting your savings. Ignoring the need for insurance Life insurance and health insurance stand as crucial elements …

8 ways to plan your finances for a secure and prosperous New Year
1 year ago

8 ways to plan your finances for a secure and prosperous New Year

Live Mint  

As we approach the upcoming New Year, it’s an ideal moment to assess your financial situation and establish goals for the upcoming year. This checklist encompasses: Deciding your financial goals Effective financial planning is essential for successfully navigating various life stages and realizing your financial objectives. Churn your assets for effective portfolio rebalancing Establishing a desired asset allocation and effectively …

Want happy retirement? 5 tips to build wealth to achieve financial freedom
1 year, 3 months ago

Want happy retirement? 5 tips to build wealth to achieve financial freedom

India TV News  

Having a proper retirement plan gives you the opportunity to receive income from different sources. For accumulating funds for retirement, there are multiple financial instruments available in today's time, like mutual funds, the National Pension System, and PPF among others. Start investing now: It goes without saying that a person should start investing from the start of employment to reach …

Personal Finance Gurus Share The Top Tips They Want Everyone To Know
1 year, 8 months ago

Personal Finance Gurus Share The Top Tips They Want Everyone To Know

Huff Post  

Vera Kandybovich/ EyeEm via Getty Images Learning about financial tips and tricks is an important step in financial success. “So, I think the first thing, and the biggest one I would say, is to get organized,” said Kimberly Palmer, a personal finance expert at NerdWallet. “I think having an emergency fund is just so crucial to helping you get through …

Portfolio management: Five investment tips for better return on your money
1 year, 8 months ago

Portfolio management: Five investment tips for better return on your money

Live Mint  

It’s always a great time to hit pause and reassess your financial plans. “This broad approach can help you ensure you are getting the most from your money - whether it’s for saving more or for investing better,” said Nikhil Aggarwal, Founder & CEO at Grip. Satyen Kothari, Founder and CEO at Cube Wealth said one should start by setting …

Creating A Budget For Future Planning; 8 Simple Ways On Achieving Financial Freedom
1 year, 10 months ago

Creating A Budget For Future Planning; 8 Simple Ways On Achieving Financial Freedom

News 18  

Financial freedom is when an individual has enough financial resources to cover their basic needs and still has enough left over to invest, save or spend as they wish. Set financial goals The first step towards achieving financial freedom is setting financial goals. Create a budget Creating a budget is a critical step towards achieving financial freedom. Save and invest …

Wealth Guide: 5 biggest personal finance myths that need to be busted
1 year, 10 months ago

Wealth Guide: 5 biggest personal finance myths that need to be busted

Live Mint  

When you first start earning money, you must have various dreams to fulfil. It is okay to think, "Let me first do and buy whatever I want since my childhood," but adding, "It's not my age to do personal financial management," is merely a myth that needs to be busted today. Here are five personal finance myths and the reality …

The money habits you need to do daily, weekly, monthly and yearly to save thousands in 2023
1 year, 11 months ago

The money habits you need to do daily, weekly, monthly and yearly to save thousands in 2023

Daily Mail  

A young finance expert has shared the simple money habits you need to do daily, weekly, monthly and yearly in order to save thousands of dollars in 2023. The Australian founder and CEO of Smart Women Society Téa Angelos, 25, said doing eight things on a regular basis will dramatically boost your bank balance this year - and none of …

Checklist for 2023: Do these 5 things to improve your financial situation this year
2 years ago

Checklist for 2023: Do these 5 things to improve your financial situation this year

Live Mint  

With the beginning of the new year, many of us will want to start afresh or improve our lives — whether that means preparing for a job shift, adopting a healthier lifestyle or enhancing our financial situation. Investment in several asset classes, such as equities, bonds, mutual funds, exchange-traded funds, or a mix of all four, reduces the risk of …

Your Questions Answered: How to reach your financial goals, build an emergency fund and much more
2 years, 3 months ago

Your Questions Answered: How to reach your financial goals, build an emergency fund and much more

Live Mint  

My income is predictable. Your financial advisor is in the best position to understand your needs and to recommend a suitable fund that also matches your risk profile. A financial plan helps you zero in on what you want to accomplish—for example, buy a home, take annual vacations abroad, or retire early. As your financial goals evolve over time, your …

These are the five ways to accumulate wealth
2 years, 3 months ago

These are the five ways to accumulate wealth

Live Mint  

Most people have a desire to create wealth for their future generation, but they rarely fulfil it. Let's understand the starting point from where you can begin to create wealth Financial stability Establishing financial stability before even starting an investing journey is necessary to keep you and your family safe. 10% of your income must be invested In order to …

Seven Easy Steps For Young Women to Manage their Money Better
3 years, 10 months ago

Seven Easy Steps For Young Women to Manage their Money Better

News 18  

Gone are the days when only men were expected to be the ones who managed all the finances of the family. Short-term goals are objectives that can be achieved within one year and Long-term goals require more effort, and could take several years to achieve. Having debt can get in the way of meeting financial goals, not only does it …

One-year Goals, Various Investments: 5 Tips One Could Follow to Secure their Financial Future
4 years ago

One-year Goals, Various Investments: 5 Tips One Could Follow to Secure their Financial Future

News 18  

Nowadays, people have many options for earning. As coronavirus has made people realise that they should be well prepared for the future, here are some options which one can consider to make their future secure. Don’t keep all your eggs in one basket Investments should be made in different avenues like debt mutual funds, equities, among others. Don’t rely only …

Stay S-H-A-R-P and save more money for future
4 years, 4 months ago

Stay S-H-A-R-P and save more money for future

Hindustan Times  

The Covid-19 pandemic has changed the way we live, spend, save and invest. You can alter this equation to suit your family needs and goals but the idea is to shift your priorities and see how much you can set aside every month towards creating a buffer which can keep you afloat in challenging times. A smart tip here is …

7 smart tips to protect you from drowning in financial mess
5 years, 3 months ago

7 smart tips to protect you from drowning in financial mess

India TV News  

Money plays a very important role in our day to day life. Spend less, save more: For salaried as well as for businessmen, expense and savings plays an important role to note for Start saving as early as possible after starting a job or a business Never increase your expenses in the same proportion as income increases If you are …

Canna Campbell shares her financial tips for millennials looking to boost their bank balance
5 years, 8 months ago

Canna Campbell shares her financial tips for millennials looking to boost their bank balance

Daily Mail  

A single mother who saved $36,000 outside of her salary in just 13 months has shared her financial tips for millennials looking to boost their bank balance. Sydney financial advisor Canna Campbell said if young people start building their wealth now, they will be able to save for a home deposit or even retirement. Sydney financial advisor Canna Campbell said …

8 financial moves that will help you make money in 2019
5 years, 9 months ago

8 financial moves that will help you make money in 2019

India TV News  

We are about to enter into the financial year 2019-2020 and it is the perfect time to plan your finances and investments in order to make the most of this financial year from a monetary perspective. Thus, it is important to invest in tax saving investment instruments in order to save your hard earned money. There are various tax instruments …

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