Wonder if you get to save money ahead of time for a vacation that you plan to take next year or buy a new house next year in a regular and a disciplined manner. Sounds great; isn’t it??? SIP’s are a great way to accumulate money by way of small regular savings.
People who invest via SIP often say “pata hi nahi chalta, kab paise jud jaate hai”
Continue reading “Vacation or a New House- SIP is your Bet !!!”
Creating a second income is always a good idea and even Warren Buffet once said “Never depend on one source of income”. Second income is also necessary for a decent and comfortable Retirement which is another concern for all and especially those who are not covered by retirement benefit schemes. Rental income is one such avenue.
One of the biggest charms of buying a property is to generate a rental income. Sounds good, buy a house and rent it out!! And thing which cannot be ignored is that Indians love to invest in something which has a physical presence may it be gold or property.
But is rental income a good idea? Is it wise to depend solely on rental income for above mentioned needs? In this article, we will discuss all the pros and cons of buying a property for rental income.
Continue reading “Should you buy property for rental income”
New Year is not about changing dates but direction. It’s not about changing the calendar but commitment. It’s not about changing actions but attitude.
New Year Resolutions are great way to make positive changes to your financial life. Though resolutions can be hard to keep but giving yourself easily attainable goals is a great path to success. Resolve to put your finances in order by picking simple money moves.
For last year’s words belong to last year’s language and Next Year’s words awaits another voice. Wish you all a very Happy 2014!!! Hope this year brings lots of prosperity, good health and happiness to you and your dear ones.
Every passing day becomes our teacher and teaches us a lot.
If we talk of 2013 from investments angle, we will find it was a year of turbulence and not a great year for any asset class may it be real estate or gold or share market or fixed income securities. Equity market started in 2013 with optimism from 2012 where sensex gave over 20% returns in 2012. However in 2013 the overall return from sensex was just 9%. But the entire scenario seemed very scary with fluctuating dollar and gold prices. What amuses me here is that when gold prices saw a correction from 30k to 25k during the year it was seen as a great buying opportunity but we failed to see the same opportunity when the sensex fell. What 2013 taught us is that it’s not the markets which failed to give returns; it’s we who refused to make returns.
We all want to be rich and want to amass huge wealth. But the fact is that 1% of the people own 64% of the overall wealth of the world. What is that they do? Do they really have a magic wand which makes money for them? We all work hard but then why only few are blessed by goddess Lakshmi. Let’s discuss what is the mantra which multiplies wealth and how can all of us become wealthy.
