Personal Finance

SMART Financial Goals

How to Set SMART Financial Goals and Achieve Them

KEY TAKEAWAYS Financial goals are the targets you set to secure your financial freedom over time, encompassing everything from regular savings to strategic investments and spending limits. These objectives are influenced by your stage in life and societal standing. For instance, a school-aged child may aim to save for a coveted pair of branded shoes, …

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Difference between financial planning and investment planning

Key Takeaways 1. Scope and Focus: Investment planning deals specifically with managing investment portfolios, while financial planning encompasses all areas of personal finance. 2. Objectives: Investment planning aims to optimize resources by using time, money, and energy efficiently to achieve the best results. It’s about prioritizing important tasks and eliminating waste to maximize output. and …

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Distributors or Investment Advisors? Don’t Get Sold!

Imagine you’re at a high-end luxury car dealership, ready to test drive your dream ride and make it yours. But instead of the salesperson understanding your needs and helping you find the perfect car for your requirements; they’re pushing the one with the highest commission. That’s exactly what sometimes happens when you rely solely on …

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retail investments

How has Covid-19 shaped the Personal Finance landscape in India

Key Takeaways The number of new investors and the assets under management will likely continue to soar even in the post-pandemic world. The housing prices remain stagnant despite various salvaging measures such as low home loan rates, whereas uncertainty prevails in the commercial property market. The interest in digital alternatives of gold is here to …

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financial literacy

Where do we stand in Financial Literacy

Key Takeaways Financial literacy is the understanding of basic personal finance concepts such as budgeting, risk management, investments, trade-off between risk and returns, good and bad credit etc. Personal finance know-how will become extremely critical for every individual in the near future, as there is less dependence on extended family and community, and more reliance …

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