Small Savings make big difference
It can be easy to overlook the importance of saving your long term goals, especially when you’re focused on shorter-term financial priorities such as buying a new car. However, it’s crucial to consider your long-term financial security and make saving for your long term goal a priority. If you start early and save regularly, even small sums can grow into significant savings. Additional money you save today may have years – or even decades – to grow before you need it for retirement. I would like to quote an example of one of my friend who also happens to be …
Retirement Planning
It is a deep belief amongst Indian savers, investors and investment advisors that retirement savings should be invested with the lowest risk possible. In the abstract, this is an excellent urge to have, and one could hardly disagree with it. However, in practice, the impact of this obsession with zero-risk is terrible. The reason for that is that everyone ignores the risk posed by the biggest threat to your financial well-being, which is inflation, but if you ignore the effects of inflation in your retirement savings, then you are heading for old-age poverty. There is a BIG difference between financial …
To buy, or rent a home, that is the question
How does one decide whether to buy a house now, later, or rent it instead? Good price and affordability are not sufficient reasons to buy a property. Find out why Developers and real estate agents are arguing that property prices have bottomed out and prospective homebuyers should go ahead and realize their dream of owning a house now. The argument comes in the backdrop of persistent buzz in the sector that property prices have corrected. However, does it make sense to buy a property now, just because prices have come down? Not always. When not to buy Apart from price, …