INSIGHTS THAT WORK FOR YOU
Different things work for different people. Even if you are at the same life stage. Understand what works for you, as you prepare to watch your money grow.
An easy and smart guide to managing your household expenses effectively
You might be living life king-size, but check if your lifestyle is out of sync with your finances.
You might be about 20 years away from your retirement, and may already have been prudent enough to start saving towards this goal years ago – but as you enter your 40s, it’s the right time to up your financial game.
"Earning a lot of money is not the key to prosperity – how you handle it is." Dave Ramsey, leading American financial guru. Building a corpus for the future requires careful planning and discipline. It’s important to inculcate good financial habits that will help you make progress in your financial plans. At the same time, it is important to avoid habits that might drag you back. Here are 7 financial habits that might be preventing you from growing your money effectively.
Shield yourself and your loved ones with robust insurance planning
Insurance plays a crucial role in financial planning and is integral to financial security.
If there is one thing the pandemic has taught us, it’s the need to save and prepare for emergencies. However, the money you set aside for emergencies could also be used to pay off your existing debts. Which should you prioritise? Paying off your debt or saving up for an emergency?
Life begins in the 40s, they say! From a financial perspective, however, the real business of life begins right on the day one becomes financially independent. To make sure your 40s and beyond become the best years of your life, it’s best to start holistically planning your finances as early as possible. An integral part of financial planning is to have the right types of insurance plans. Here are the four most important insurance policies that should be in place in your 40s:
Save & Invest
Save and invest for your secure future
In today’s globalised world, we use the products of countless multinational companies without even realising it. At the same time, globalisation also gives you opportunities to invest in these companies and include them in your financial portfolio - and global funds are the way to do it.
You should be prepared for your retirement, both mentally and financially. Failure to prepare could cause you money worries in retirement, so it’s important to plan carefully.
Everyone dreams of retiring rich – but if you are not already sitting pretty on a sizeable estate, achieving it can take some smart planning, and commitment.