Nuggets of wisdom: Few proverbs to bring you closer to financial independence
1 year, 8 months ago

Nuggets of wisdom: Few proverbs to bring you closer to financial independence

Live Mint  

If books could teach financial freedom, then none would have complained of financial instability. Some of the most discussed proverbs that the wise men shared to stress the importance of financial freedom are: “If you’re saving, you’re succeeding”, by Steve Burkholder Simple as it may sound, there is no bigger truth than why saving is the first step to working on your finances. The poor spend their money and invest what is left”, by Robert Kiyosaki We have always been engineered to think Step 1: Earnings – Expenses = Savings Step 2: Savings – Emergency Fund = Investment However, the rich and intelligent think otherwise. “Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time”, says Johann Wolfgang von Goethe. “Whoever says that money cannot buy happiness” must try living without it for some years before trying to sound philosophical at the cost of gullible minds who fall prey to such nonsensical comments.

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Experts share their tips for improving your finances without earning more
2 weeks 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, …

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

How to constitute your finances
11 months, 2 weeks 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 …

The Simple Path to Wealth: 5 key investing lessons by JL Collins
1 year ago

The Simple Path to Wealth: 5 key investing lessons by JL Collins

Live Mint  

Individuals lacking a solid grasp of personal finance can turn to the widely acclaimed publication “The Simple Path to Wealth: Your Guide to Financial Independence and a Fulfilling, Unrestricted Life” authored by JL Collins. In addition to maintaining a blog, he has authored "The Simple Path to Wealth," a book aimed at guiding contemporary investors in effectively managing their personal …

8 ways to plan your finances for a secure and prosperous New Year
1 year, 1 month 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 …

How to achieve financial independence? Here are 5 habits
2 years, 1 month ago

How to achieve financial independence? Here are 5 habits

Live Mint  

Financial independence means achieving that stage of life where you do not have to care about your post retirement expenses, and any uncertain expenses occurred in life. For example, dividend, rental income, car rentals, and many more ways to get your passive income in line for your financial independence. A well diversified portfolio according to your financial objective and risk …

It’s easy to squander a windfall. How to make the money work for you
3 years ago

It’s easy to squander a windfall. How to make the money work for you

LA Times  

An inheritance or other windfall can disappear quickly. Nonprofit credit counseling agencies affiliated with the National Foundation for Credit Counseling usually offer help with budgeting, or you could book some one-on-one sessions with an accredited financial counselor or accredited financial coach. A windfall also can help you create an emergency fund equal to three to six months’ worth of expenses, …

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