Investing is not a Number Game, it is a "MIND GAME"

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Financial Planning Infographics

Rubik’s cube (puzzle cube/magic cube) has an excellent resemblance to our lives – in particular our financial lives.  It is clear that in order to solve a Rubik’s cube puzzle you need to acquire a certain skill set. The irony is that although each puzzle [...]

Sabka Budget 2015-16 – Personal Finance Highlights

The finance minister, Arun Jaitley presented the Union Budget on February 28th 2015. There were lot of expectations from the budget as the BJP had promised a lot of things during the election campaign and after the won the elections. It has some steps that [...]

How to Stop Buying Things You Never Use?

When my friend did the annual Diwali cleaning ritual, he noticed that the cupboards had more stuff as compared to last year. Another funny thing he noticed was that there were plenty of things that he did not use for quite some time. Why did [...]

How to make the best use of Section 80C?

Section 80C of the Income Tax Act allows us to have certain investments and expenditure which can be exempt from tax.  We can plan our investments such that we can invest in appropriate investment options specified in this section and avail maximum tax benefit. Rs.1,50,000 [...]

Tax Treatment on NRI/PIO Term Deposits

Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs)  can have bank accounts in India. They can be of three types - NRE, NRO or FCNR accounts. NRE and NRO accounts can either be current, savings, or fixed deposit accounts. The FCNR account is [...]

5 reasons why not to invest in Mutual Fund NFO

It is a common practice across the mutual fund companies to launch new NFO’s (New Fund Offers) when markets are doing well. As more and more people invest only when market perform well, automatically it becomes an opportunity for Mutual fund companies to come out [...]

Earn money in the non-traditional way – your second income

All of us want to earn money and today with the advent of technology and innovation, there are various ways to earn money apart from the traditional ways like having a 9 to 6/8/10/11... job. You can start your own business. It need not be something [...]

Impact of Career Instability and Insecurity on Financial Planning

Work life, personal life and financial life are interconnected. If there is an issue in any of them, the other two will be negatively affected. We all aspire to have a successful career with salary growth and promotions. This is essential to build our wealth [...]

5 Sketches, 5 Posts & 5 New Year Gifts

Happy New Year to You & Your Family - have a fantastic 2015. These Sketches are from Carl Richards book "The Behavior Gap" - simple ways to stop doing dumb things with money. This is by far the most interesting personal finance book that I have read. There [...]