One of the most frequent spam calls we all get is the one offering us a personal loan. These calls from hired tele-marketers posing as “bank executives” are meant to introduce various personal loan products to prospective customers. Several gullible people often assume that getting a personal loan is a very simple process. When in […]
Author: Anuradha C
THE SAVING HABIT – KEY TO FINANCIAL PROSPERITY
A rupee saved is a rupee earned. That is a very frequently quoted axiom by financial gurus all over the world. High net worth individuals may make their millions in several ways. But for the average working professional or business owner, achieving the right balance between income, expenditure and saving is the key to financial […]
DON’T NEGLECT YOUR CREDIT SCORE – IT MATTERS A LOT!
Risk based pricing of credit instruments is a trend that’s gaining ground in Indiatoday. What that means is – the higher your credit worthiness, the lower interestyou pay on any borrowings. My young cousin, Naren, recently went to a Honda car showroom, full ofexcitement and eagerness to buy his first car. He is a young […]
A NEW FINANCIAL YEAR BEGINS!
With the month of April, a brand new financial year arrives. All the last minute mad dash for completing our investments and paying taxes ends on March 31. Bankers and auditors heave a sigh of relief in April after the hectic year end activity. And the ordinary investor happily puts all his financial investment activity […]
MUTUAL FUND SIP VS CHIT FUNDS – WHY CHIT FUNDS ARE A BETTER BET
There are numerous financial instruments out there, vying for our attention – marketing their schemes, attractive rates of interest, repayment plans, investment returns and what not. Traditionally people looking for a loan or planning to make an investment would look no further than the nearest branch of a nationalized bank! The more adventurous kind would […]
HOW TO SAVE MONEY EVEN WITH A SMALL SALARY!
“I am just beginning my career. My monthly salary is in the range of Rs, 15000 per month. How can I manage my expenses within my means and still be able to save some money?” If this is a question on any of your minds, then this blog can help you out. There are some […]
DEBT FINANCING FOR BUSINESS FUNDING – WHAT IS IT? IS THERE AN ALTERNATIVE?
When any entrepreneur ventures out on their own for the first time, they already have a business idea in mind. They also have a small, committed team of friends/colleagues/family members to support them on the human resource front. But most new business ventures struggle when it comes to the third and most critical input to […]
WHY FINANCIAL AWARENESS IS IMPORTANT?
An aspiring businessman with a brilliant product idea wants to setup his own company. There are several areas of expertise that are required to make his business a sustained, successful venture. The entrepreneur may be very knowledgeable about the business domain, how to recruit skilled manpower, design business strategies, and plan his product’s marketing initiatives. […]
WHAT IS PASSIVE INCOME? LEARN WAYS TO SECURE YOUR PASSIVE INCOME
Income is simply money earned. So any income is active income, a result of my hard work at my job or business. Right? No, not really! There is a whole new source of income that you can earn which does not require your active work. And that’s broadly referred to by the term – passive […]
5 SMART FINANCIAL GOALS THAT YOU CAN SET FOR 2024
Its time to start afresh as the threat of the pandemic is slowly dying down in our country. If you are getting ready to usher in the New Year 2024 with some smart financial planning, we have some good pointers for you to aid your short-term financial goals. Long term goals such as retirement goals […]