How Systematic Investment Plan(SIP) works?

A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc). A SIP is a planned approach towards investments and helps you inculcate the habit of saving and building wealth … Continue reading How Systematic Investment Plan(SIP) works?

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Why Compound Interest Is called the 8th Wonder of the World ?

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” Those words were uttered by the great mathematician, Albert Einstein. What is Compound Interest ? Simple interest is only based on the principal amount of a loan, while compound interest is based on the … Continue reading Why Compound Interest Is called the 8th Wonder of the World ?

What are the common habits of rich and successful person ?

Financially responsible and successful people don’t build their wealth by accident — or overnight. Becoming rich takes serious willpower and long-term vision. You have to be able to keep your eye on the prize of financial freedom, be willing to sacrifice your present wants for the sake of your future and develop good habits to … Continue reading What are the common habits of rich and successful person ?

9 Smart Money Habits of Warren Buffett That We Should All Learn

How to be like Buffett How did the investor become the third-richest man on earth? With very a disciplined approach to money. Here's what we can all learn from the Oracle of Omaha. 1. Think like an Entrepreneur Buffett filed his first tax return at 13. Even as a child, he was always looking for … Continue reading 9 Smart Money Habits of Warren Buffett That We Should All Learn

What is the difference between a Saving and Current bank account?

When we go for opening a bank account, one thing strikes to mind that is which account is most appropriate for us either it is saving account or a current account. Also people get confused while withdrawing money from ATM when they see the choose "Current Account or "Savings Account". They both are different type … Continue reading What is the difference between a Saving and Current bank account?

What are things to be considered before buying the first home?

This is my top things for you should consider before buying your first home: 1. Location: Location Is Incredibly Important This is something you likely already understand, but I’m putting it here to re-emphasize it. Location. Is. Very. Important. Wherever you decide to live, you’re going to be commuting from that place to wherever it … Continue reading What are things to be considered before buying the first home?

What are the advantages and disadvantages of stock market investment?

A share (also called an equity or equity stock) in a company is exactly that: a share in the ownership of the company. With that comes a share of the profits and the risk that you will lose your money if the company goes bust. Almost all companies have limited liability. This means that if … Continue reading What are the advantages and disadvantages of stock market investment?

What are the three best long term investment options?

Different investments will be appropriate for different investors. In general, there three all-time favorite options are Real estate Stocks Gold Real estate Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last 50 years and has become a common investment … Continue reading What are the three best long term investment options?