Hold on to that thought for a while.The Deloitte Global Millennial Survey 2020 highlighted some interesting views on the financial status of millennials. Globally, millennials before the pandemic said they were saving or investing almost 40% of their disposable incomes. 3 in 4 millennials say they actively manage and budget their monthly income to [...]
Financial freedom is not a mere state of mind; it is the perk of being prudent with your earnings. It is not about being a millionaire or a business tycoon; rather it is about having a dependable residual income that covers your expenses and lets you live the life you want to live. Today, [...]
In modern times, women are financially independent and increasingly earning more income. Improved life expectancy, early retirement, break in the career to pursue personal goals; all contribute to the need of having a systematic financial plan. But, women tend to be more conservative in their approach towards financial well-being. Lack of confidence, financial illiteracy, [...]
We associate financial independence with not relying on monthly salary and living paycheck to paycheck. But along with financial benefits there are also other perks that people might sometimes overlook. Along with being financially free, you also become emotionally free devoid of constant worry about money. Here are some benefits that being financially free [...]
Every parent wishes the best for their daughter. You may have taught your daughter to count. But now, it is the time to teach her what counts, which is ever so important. The societal image of women is that of being financially dependent on someone else – their parents, guardians or spouse. This daughter’s [...]
Independence, by definition, is the ability to live by your own terms and conditions, take your own decisions and control your life the way you want. While there are many factors that can make this happen, financial independence is definitely paramount. What financial independence really means is that you don’t have to solely rely [...]
At regular intervals we have our medical checkups done because we believe that “Prevention is better than cure“. Do you do the same with your portfolio? Let us see how you learn more about how to conduct a portfolio health check up on a continuous basis. Continuous portfolio health check up can help you achieve financial [...]
Investors who check the value of their portfolio/holding with great frequency are more likely to be subject to myopic loss aversion. Frequent checks of holdings make people more sensitive to losses than to gain. If we check our portfolio very often we see many days when we have loss these automatically reduces our risk [...]
These days, Sensex is at new high and investors are still bullish on pharma and FMCG sectors. Just because in last 5 years these two sectors performed well does not mean they will continue to do well in future too.Such thinking is absurd. Most investors fall victim to this behaviour of analysing past outcomes while taking future investment decisions. [...]
While we celebrate modern times with all its “choices”, think for a moment whether “choices” are a boon or a bane. While “choices” have given us variety, “choices” have also made our mind to go numb. It has been experimentally proven that too much of choice makes our mind exhausted. Think of the television [...]
