Cash flow evaluation is a requisite before you leap to any financial decision
Before you leap to any financial decision, be it major or minor, you should always evaluate your cash flow. In simple terms, cash flow signifies your income (cash in) and expenses (cash out). You may consider the below mentioned factors
With a financial plan, we feel secure; we know money will be there if we need it
The Roys started their financial planning by setting goals and then investing towards them, putting them in a comfortable spot now. There are enough reports out there showing the higher returns that equity gives in the long run. Dr Collin Roy
Changing one’s lifestyle is always tough but this family did it
Dr Sujoy and Rupa Roychowdhury had to take some tough decisions to get their finances back in order. It is easy to lose track of finances, and a busy schedule doesn’t help matters. Dr Sujoy and Rupa Roychowdhury had to take
Financial decision making ability is the need of the hour for all
Financial decision making ability develops when you are financially literate. A genuine Certified Financial Planner will educate you and assist you in implementing action plans laid down in the Financial Plan. "We were not taught financial literacy in school. It takes a
I had 13-14 credit cards, but now I have none
The Akhtars are ready to do what it takes to put their finances in order Difficult times helped Dr Nasim Akhtar, a neurosurgeon based in Kolkata, sharpen his financial perspective. In 2006-07, he was managing his family’s construction business as well
Why Retirement Plan is pivotal to retirees and pre-retirees
While you retire it doesn't mean that you are retiring from your life. It doesn’t mean that you don’t need regular income. The old saying is true, “Retirement is quite different from two-week vacation.” If you’re a pre-retiree, you may
Investment Plan makes your financial goals achievable
Many investors randomly invest without following any particular Investment Plan. Investment Plan is a part of your Financial Plan. Investment Plan emphasizes on processes. It helps you to achieve your financial goals or objectives in a systematized way. As per your
Financial Planner can rule out your personal financial mistakes
Due to macroeconomic changes you’re exceptionally thinking to hire a professional for legitimate guidance. In the rapid economic changing scenario, you hardly get guaranteed rate of return on your investments. Simultaneously, interest rates are deteriorating by the day. You can
Your unhealthy addiction can lead to Financial Crisis
We know about the physical, psychological & financial effects of an addiction. What about the family? Why and how will they face the financial crisis? “Your life is in your hands, to make of it what you choose.” - John Kehoe Practical
Follow Bare Bones Financial Strategy while quitting Job & starting Venture
I call this “Bare Bones Financial Strategy.” The reason behind my discussion is to emphasize the essential elements of the Financial Strategy related to own startup after quitting job. One can change the business/professional strategy over a period of time