Are you among those people who think that they are too young to start saving for retirement? If yes then there is a need to change your outlook. Many people start retirement planning only when they are close to retirement. This is not a good idea as the later you start the lower will be your retirement corpus and vice versa. This is because it takes time for money to grow and give reasonable returns and if you start late your money will not have enough time to grow.

Good investment strategy is the key to achieve your financial goals. This can be done by minimizing risks and thereby maximizing returns. Risks can be minimized by diversifying your investments. In simpler terms it means `do not put all your eggs in one basket’. Your investments should not be focused on just one asset class. It should be allocated strategically in different asset classes. Diversified portfolios are proven to have reduced losses in events such as economic crisis or bearish stock market.

Planning abroad trip is high on the bucket list of many families. People love to explore new countries, its places of heritage, their food, culture and traditions. Travelling abroad is quite different to travelling in your country. It requires advance planning and a bit of research. So if you too are planning an abroad trip, here is how you can do it.

India is a largely cash dependent economy. Even after extensive drive for digitization of transaction, cash still remains the go to option for many individuals. Cash transactions have yet again come on par with the pre-demonetisation levels. Though there is huge progress in the number of digital transactions, there is still a long way to go. Here is why cash is king for most individuals.

Financial planning is a process which helps you to manage your finances. It works by linking your investments to your financial goals so that you can secure your future and be ready for life’s surprises.

The right time to start financial planning is as soon as you start earning even if your income may not be high at this point. Starting early will instill discipline in you and it will become a habit instead of urgency in the later years of your life. It will also give you a bigger benefit of compounding and thus a bigger corpus for your later years. At this age, you can afford to invest in riskier investment option such as equities. You will also be able to buy insurance at a low premium when you are young.