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A Goal without a Plan is just a Wish

MANAGE YOUR MONEY BETTER
  • Antoine de Saint-Exupery, a Frenchman
  • In French – Tout objectif sans plan n’est qu’un souhait

Learning a language can be a thrilling experience, it brings with it, it’s lifestyle, cuisine, history, and culture, which is completely different from where we are to be discovered!

While learning French, one discovery led to another, and it so happened that I fell deeply in love with the French art and immersed myself in the culture for seven long years! Through my expertise, I even got the opportunity to teach this language to young adults in a college. 

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Budget 2019 – $3 trillion economy by fiscal 2020

Budget 2019

Key Announcements on Income Tax:

  • Empty bag for salaried, as old slabs continues
  • Super rich to be squeezed more (2 crs & upward) with additional surcharge
  • Additional deduction of ₹1.5 lac on home loan interest paid offered – but for affordable house of ₹45 lacs borrowed, on or before March 31, 2020
  • PAN & AADHAAR number now becomes inter-operable
  • Pre-filled Tax return form to be available soon
  • EV purchase loan benefit (electric vehicle) – 1.5 lacs interest benefit on the loan
  • Cash withdrawals over ₹1 crore a year will attract TDS of 2%
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Why the word “Diversification” is given so much importance in Financial Planning?

diversification Importance

There’s very common saying “Do not keep all your eggs in same basket. Diversification means same, do not invest in only one asset class/only one sector. In India people generally prefer in investing in only two asset classes which are Gold & Real Estate.Historically they are known to give good returns & less risky,But in order to secure your portfolio from all ends & to earn more than inflation rate “Diversification” is very important.

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Big Fat Indian Weddings

wedding-checklist

 Indian Weddings as we all know are known around the world for their costly affair.

 Its generally because of the number of rituals that are followed,Number of occasions like Engagement, Sangeet/DJ Parties, Reception & the list goes on.

Here I will give you an example of my own Wedding & after reading this you will be able to understand How to Plan your Wedding Expenditure.

  • Plan Early : Start planning for your marriage as early as possible.This will help you in getting the best deals from the vendors.Also, it will ease your burden & you will be able to enjoy the marriage completely.I planned for my wedding a year before & got the best deals from the market.
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What are Cash Management Funds?

cash_management_funds

Cash management funds are funds that invest in debt and money market instruments with maturity not exceeding 91 days. They invest in instruments such as Treasury bill, corporate bond/debenture, commercial paper, etc. The fund is suitable for investment in short term horizon. The fund is suitable for people looking to park their surplus cash temporarily and provides an alternative to savings bank account.

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Why Disclosure of Income is Important

disclosure of income

Once you have selected the financial advisor/planner of your choice, the next step will be to meet them and discuss about your financial plan. Your advisor will need to ask you questions related to personal and professional matters to get to know you better and to device suitable plan for you. This means that you should be honest with your advisor with questions relating to these matters, especially when it comes to disclosing your income.

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Things To Consider Before Finalising Financial Goals

Things To Consider Before Finalising Financial Goals

The purpose of financial planning is to achieve your goals. Your goals help you to shape your investments as per your requirement. Therefore, you must be very clear about your goals before you start planning your finances. Your financial advisor will also be able to help you better if you are clear with your goal. Here’s what you should consider before finalising financial goals.

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How to Plan for Retirement Income?

How to Plan Retirement

The aim of retirement planning is to have regular income even after requirement and be financially independent. Apart from income for household expenses you also need to income for insurance premium, contingencies, etc. If you also have other goals such as children’s higher education, marriage, your dream home or dream vacation among others, then you will need a higher corpus to accommodate these dreams.

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What are Portfolio Management Services?

PMS

Portfolio Management Service (PMS) is a financial service designed for High Networth Individuals (HNI). HNI investors generally prefer customized investment options and thus PMS is suitable for such investors. PMS is offered by various entities such as asset management companies, banks and brokerages registered with SEBI. PMS Managers are highly qualified investment professionals with extensive knowledge and research experience.

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