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
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
‘I call my financial plan for retirement—safety at 60’
Tuhin and Tandra Paul took right steps to build their retirement corpus just in time to avoid the effects of inflation. Life after retirement is often not what one expects it to be. And inflation can make things doubly difficult. Kolkata-based
Only Pension or Fixed-Income Plans can’t meet retirement expenses
Most pensioners believe in employment benefits which sounds good. But, in practice, it’s not defined benefit pension plan. If not understood, it’ll be an illusion. Pension income or Fixed Income Plans (passive) is not enough for you after you retire
Why chase return on investment when you should focus on financial goals
Chasing return on investment without knowing your subtle subjective issues of life is futile for your financial health. You have responsibilities and commitments towards your family. You know your aspirations of life. You wish to fulfill all your financial commitments within