Rs 1 crore is still not a small amount. But whether it is sufficient or not depends on why you actually need it. So for example, if you were to ask me whether Rs 1 crore is enough for retirement?…
Category: Personal Finance
Confused with Different Types of Term Plans? Here is How to choose the Right Term Plan
When it comes to buying life insurance for yourself, the best option is to go for a simple term insurance policy. Period. With that aside, your next question would be - which is the best term insurance plan to buy?…
Answers to 20 Important Questions about Term Life Insurance
Term life insurance is the most basic form of life insurance. And I can safely say that it’s the most effective and the best form of insurance. Why? Because it gives you a very high insurance coverage (sum assured)…
Picking a Fund with 15% p.a. in 10 years Or a fund with 25% p.a. in 3 years?
That's an interesting problem. Neither 15% nor 25% can be called as bad returns. After all, risk free rates are at 8% or even less. But ofcourse, we are greedy and we prefer higher returns. Isn't it? I recently wrote…
Home Loan Tax Benefits – How much do You Really get?
In India, home loans come with tax benefits. You already know that. And there is no denying that these tax benefits make it all the more attractive to buy property using home loans. But time and again I have seen…
‘The Secret’ – How to Accelerate your Financial Freedom?
Everybody wants to become financially independent. But very few actually get there. Why? There can be various reasons but I think that achieving something like Financial Freedom doesn't just happen. It requires one to have a serious plan and more…
Till what Age should you take Life Insurance?
When purchasing a life insurance, people get confused whether it is wise to have a cover till just the age of 60 or to keep it till 70 or even the age of 80-85. And then if the confusion wasn’t…
Involuntary Early Retirement?
Many of us aim to become financially free (or retire early). But not everyone is interested in it. You too may not be considering early retirement. But it makes a lot of sense to prepare for it anyway. Life isn't fair…
Choosing & Managing a Home Loan Wisely
I was talking to a friend recently who was planning to buy a house. No, I did not convince him to continue staying on rent. 🙂 His life, his decision and who am I to tell people about their big decisions.…
How to build your Mutual Fund Portfolio from scratch?
Perfect Mutual Fund Portfolio. Yes I know that you are looking for exactly that. 😉 But you need to understand that there is no such thing as a ‘perfect mutual fund portfolio’. There can be numerous reasonably good portfolios, and…
Why linking Investments to your Financial Goals helps?
The ups and downs of the market can test investors’ resolve to remain invested (or invest more). In rising (bull) markets, it’s easy to say that you will do the right thing, i.e. remain invested + invest more even if…
Short Term Personal Loans – To take or Not?
After the recent fall in stock markets, I have (once again) started getting emails asking whether it makes sense to take a loan and invest now. 🙂 This isn’t surprising. Whenever markets start falling or remain subdued for some time,…
Why shouldn’t You ask Banks for Investment Advice?
The banks in India mis-sell financial products. Intentionally or unintentionally, they do it. And there is no other (softer) way to say it. Even the regulator RBI now accepts it. And if you want to experience mis selling by Indian…
Double your money & Rule of 72 – Save Yourself
I was recently talking to a friend and he casually asked me ‘How can I double my money?’ I asked him - ‘How much time do you have to double your money?’ He said that he would want it to…
Difference between Financial Independence Vs Early Retirement Vs Financial Freedom
The words like Financial Independence, Early Retirement and Financial Freedom are slowly but surely finding a way into the thoughts and vocabulary of us Indians. Their numbers are still very small but surely, there are people who are not just asking…