Have you ever wondered how people are fortunate to be free of financial worries? This article aims to help individuals achieve their personal financial goals. The process of goal-based planning may sound to be very simple, given the data points and other facts, but it requires lot of experience and data crunching to fit the numbers to the specific future goals.

SIP in Good idea! Debt Funds?

The first step in starting your investing journey is to devise a clear financial plan. A sound financial plan must list down all your financial goals, the expected amount required to achieve each of those goals and the time when one must achieve those goals.

Age old wisdom suggests that real investing is boring and it’s very simple. However, in reality, what is simple and boring has turned out to be tedious and difficult for most investors to follow. Owing to the lack of financial education, retail investors end up basing their money decisions based on what are the options available and which of it is convenient to carry out, without much thought.

The question may look strange as you might be thinking that everyone retires only once. But I have seen some people retiring and then joining again as they did not have enough money or had done improper planning. Some people would have also experienced temporary retirement due to job loss and the period could have been anywhere between a month to years. Retirement is just like a long vacation–the only difference between a formal retirement and informal retirement is the expected change and sudden change in income and lifestyle. 

Sensing an expected increase in rural inflation due to increase in Minimum Support Prices (MSP) of Kharif crops, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI)announced an increase in policy rates once again.

We are living in a fast-paced world where everyone is busy and has the scarcity of the most valuable commodity: Time. The digital revolution has exacerbated this further by opening the gates of unlimited information on the go. In this discordant and bustling environment, significant tasks get missed or messed up. Financial planning is one such activity. 

Asset allocation is the single most important factor in ensuring financial success. In the broader sense, asset allocation includes a variety of asset classes like equity, fixed income, gold and real estate. Of this,equity, fixed income and cash/cash equivalents form the financial assets, while gold and real estate form physical assets. For the purpose of simple explanation, we will restrict to equity and debt. 

Creation of Prosperity with Peace & Serenity Nadeem Ahmed, a salaried executive of 31 years, approached us in June 2006 for financial guidance. He was still single and had many challenges to meet. The only good thing he had done was buying a ready flat in Mumbai's suburbs. He disclosed to us all his financial and personal information and reposed absolute faith in our expertise.