Each one of us has financial needs and goals. Once the goals are identified, we need to set goal values (targets). This means that we should be in a position to convert the needs / goals into financial terms. To do this, we should be aware of and understand the most Continue Reading.....
Avoid using PAN card as an Identity Proof – Know when to quote PAN
PAN (Permanent Account Number) was introduced way back in 1972 (old series format). PAN card has now become an important and ‘must have’ document. It enables the Income Tax (IT) department to link all financial transactions of an individual with the department.It is Continue Reading.....
Retirement Planning in 3 Easy steps
Retirement is one of the most important stages of your life for which you work and should save for. With the break-up of the joint family system in India, increase in longevity (life expectancy) due to advanced medical innovations, shorter work-span and lower job Continue Reading.....
Financial Planning & E.I.N.S.T.E.I.N (Albert Einstein)
I met one of my college friends a couple of days back. Our meeting lasted about 45 minutes. We covered almost all the hot topics.. Rahul G’s leave management, IT layoffs, PK success, Physics (his favorite subject since college days), Financial Planning (my favorite Continue Reading.....
The 6 most common Personal Finance Mistakes
I have been practicing Financial counseling for the last 5 years. In this journey, I am lucky enough to meet lot of investors, my clients, friends, well-wishers and relatives. I have observed that each individual's/family's financial situations, financial behavior and Continue Reading.....
13 Strategies / Tips for dealing with Layoffs (or) Job Losses
I am sure you might have heard some bad news (or rumors) about 'Layoffs' or "Job cuts' happening in Information Technology industry in the last few months. In previous year we had seen many Top IT companies like Yahoo, IBM, HP laid-off their employees.Now, Social Continue Reading.....
Financial Planning Pyramid : Wealth Protection, Accumulation & Distribution
Financial planning is about developing strategies to help you manage your financial affairs and meet your life goals.Most of us spend too much time concentrating on only one aspect of Financial Planning i.e., Investment Planning (we can call it as Wealth Accumulation). Continue Reading.....
Top 15 Personal Financial Resolutions for the New Year 2015
The new year (2015) will be like the old one if you keep on doing the same old things. The New Year is a time to reflect on the changes we want or need to make. Here is a list of the top 15 Personal Financial Resolutions for the NEW YEAR 2015. 15 Personal Financial Continue Reading.....
Calculate how much you need to invest for your Kid’s Education
As a caring parent you would always want your child to get the very best. With growing standard of living, the Kid's education expenses are consistently rising. I believe the average rate of education inflation (the rate at which education expenses are rising) is around Continue Reading.....
Calculate Rate of Return on Investments using XIRR function
The XIRR function which is available in MS-Excel is a simple function which can be used to calculate returns on investments when irregular payments are made or received.You can use XIRR function to determine the annualized returns on your investments like Mutual Continue Reading.....
