Learn about Personal Finance

While some factors are within your control, some aren’t. By prudently making your choices, you could get more value for your money.

Retiring early with a sizable retirement nest is commendable. But that doesn’t necessarily preclude any shortfalls in the future. So, how about semi-retiring?

Both these accounts basically serve the same purpose of allowing NRIs to transact in India. They are to be maintained in rupee terms and can be opened as a savings, current, recurring or fixed deposit. However, they differ in their offerings.

To help you get started, or if you are already investing, to help you course-correct, there are three myths which need to be dispelled.

Refinancing is a good option especially when market rates are cheaper by atleast one percent. However, be aware of switching costs and go for it only when the existing lender doesn’t budge.

There are many policy payment options offered by insurers for its term plans. In addition to the regular premium, there are limited premium plans whereby you pay a higher premium for fewer years, while the cover continues for a longer period.

Job security is not a given, hence, there is practically no way of relying on pension. Secondly, individuals actively strive to work for fewer than 30 years and support retirement for 30-35 years. In a way, the tables have turned. To achieve the goal of early retirement, it’s imperative to perfect these two things.

Day trading can seem like a fun, and perhaps, profitable hobby during this lockdown. Some caution, though, is warranted before you take this up.

To improve the liquidity situation of employees across the country, the Central Government recently came out with some relief measures. Let’s understand the nitty-gritty.

Even senior executives who have been in the workforce for 10-15 years realise that their jobs are not secure. A job loss or pay cut hurts even more if you don’t have an emergency fund to fall back on while monthly cashflows slowdown. Is it too late to build that emergency fund or should you do it now?

The three scenarios given below, will show you that to create wealth, more than the markets you need the intervention of your own behaviour.

Thankfully, in today’s day and age, investing can be done in many other ways with dynamic outcomes. The key is in being able to distinguish genuine investments from other options parading as investments.