Health insurance is a topic that often sparks debates, with some individuals questioning whether paying health insurance premiums is truly worth the investment. In this article, we aim to address common misconceptions surrounding health insurance premiums, specifically focusing on the notions of risk transfer, fear of wastage, and overconfidence & Employee Health Cover. By exploring these points, we hope to provide a balanced perspective on the importance of Individual health insurance coverage so that you can decide whether health insurance is a wise investment or a waste of money.1.Ris ..read more

  Introduction "The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness" is one of the best books on personal finance written by Award-winning writer Morgan Housel, a wall Street Journal columnist and partner at Collaborative Fund. The book gives a message that earning a lot of money is not necessarily make you rich but how you behave around that money matters. The book explores the complex and often irrational nature of financial decision-making. Housel draws on a variety of real-world examples and anecdotes to illustrate how our psychological biases and misco ..read more

Investing money is an essential step towards achieving financial stability and securing one's future. However, choosing the right investment option can be a daunting task.  The two most popular investment options in India are fixed deposits and mutual funds. FDs seem to be lucrative when interest rates are on the rise but it is interesting to see if it is true in actuality. This article aims to provide a comprehensive comparison of the two options, highlighting their features, benefits, drawbacks, and suitability for various investment goals. 1. Fixed Deposits :  Fixed deposit ..read more

Retirement is a significant life event that marks the end of a person's working years and the beginning of a new phase of life. While most people look forward to retiring at the traditional age of 60, a growing number of individuals are choosing to retire early, often in their 50s or even 40s. If you're considering early retirement, it's important to carefully evaluate your financial and personal circumstances to ensure that you're ready for this major change. In this article, we'll outline 7 key indicators that can help you determine whether you're ready to retire early. 1. Debt-Free Debt i ..read more

On August 15th, 1947, India achieved the hard-won freedom it had long fought for. With a wealth of resources and a skilled population, the country had the potential for great growth and success. But in order to achieve this, it needed a framework for how the country would function - a Constitution. Similarly, in order to achieve financial freedom and success through investing, individuals also need a framework for how they will manage their investments. Just as the Constitution of India was adopted on January 26th, 1950 to guide the nation, investors can also use financial planning as a guid ..read more

The start of a new year is a great time to set goals for you and your family, especially related to your finances. You can set a goal that's specific to you or you might set it as part of an overall goal to improve your financial health. You might be setting goals to start a business, save for a vacation, plan for your children's education, Retirement corpus or even buy a house. There should be more discipline while achieving financial freedom early in life. It is easy to lose track of financial goals as the year progresses. The key is to have a plan.   Here are 5 financial re ..read more

Buying a home is everyone's dream. Among many financial goals, this one takes sometimes many years of saving up money, curbing unnecessary expenditures, securing a home loan, and paying regular EMIs.  Nowadays, it is almost impossible for young salaried families to buy a house on their salary income. Most people take home loan to help them achieve their dream of buying their own home. It is important to note here that the lender will not provide the full amount required to buy a home. Apart from that, you have to pay 20% down payment, stamp duty, and other registration charges. The lende ..read more

Rakesh Jhunjhunwala, the Big Bull of Dalal Street, who became one of India's biggest stock market investors to date, died at 62 in Mumbai. The stock market veteran often called 'Warren Buffett of India', was suffering from diabetes and kidney-related ailments. According to Forbes, Rakesh Jhunjhunwala had a net worth of around $5.5 billion. An ace investor, Rakesh Jhunjhunwala started investing at an early age and has dominated the Indian stock markets for decades.  In his time, Jhunjhunwala shared many words of wisdom. Below are 7 Investment wisdom from Rakesh Jhunjhunwala, 1. Continuous ..read more

You already have one respected job or recently landed one that pays you well and comes with several perks. Once you accept the offer, you get information from the company HR that the company has tied up with a leading insurance provider for health insurance cover for all employees and it is already covered in your CTC. You think that you have free health insurance - and you don't have to spend time, effort, or put yourself through the difficult task of finding and buying the best personal health insurance plan because you already have one - right? There are many medical emergencies where your ..read more

Most of us have understood the importance of investing our hard-earned money, rather than just saving it and keeping it in banks. The financial world takes lots of initiatives to improve financial literacy among the general public. There are many good and bad advice circulating in media, newspapers. Don’t let common misconceptions distract you from your financial goal. Let’s look at some dilemmas first-time investor goes through and the explanations that can help them to fix the dilemmas and avoid doing common investment mistakes. 1.No right time to enter the market No one can give a guarant ..read more