The ease of finding a sound financial footing starts early in life, as soon as the first job comes along. This is usually in the early 20s – an age tagged as volatile and exploratory. It also may vary with a person’s social-economic status. Some people are born into wealthy lineages, and a section falls […]
Ramit Sethi, author of the bestselling personal finance book “I Will Teach You To Be Rich” and a new journal to accompany the book, has seen young people make too many of the same mistakes while building wealth. The key mistake most young people make, according to Sethi: Waiting too long to start investing. Sethi […]
During bull markets, an old Wall Street saying goes, everyone is a genius. Your social media feed probably told you as much: a non-stop stream of crypto-bros, penny-stock pickers, and drivers of Maseratis paid for in dogecoin. But when markets slide those who treated their investments like short-term cash machines often pay the price, says […]
1. How will money help me achieve my goals? Sabatier recommends viewing money as a potential energy of sorts — a force that gives you the time and optionality to expand your activities and feel more alive. If you’re starting without much money, don’t get caught up in giving yourself a huge dollar figure to […]
1. An index fund can be a mutual fund Even though it might sound confusing, Clayton Wood, a financial planner, says a good first step in understanding that an index fund is a mutual fund, but a mutual fund is not always an index fund. “A mutual fund is the pooling of money from multiple […]
As with any new endeavour, the first steps are often the hardest. But once you get started investing, you’ll find it’s not as complex as it may seem. Plus, the truth is that investing is the best way to grow your money and achieve your financial goals. Saving alone often isn’t enough—inflation can eat away […]
In 2016, at 35 years old, I retired early with a net worth of $900,000. It wasn’t until 2021 that I achieved my goal of becoming a self-made millionaire, with a net worth of $1.4 million. Now, at 41, I live a happy, simple and frugal life with my wife in Arizona. From the outside, it might […]
Have you ever wondered why you never have any surplus even though you earn better than most of your friends? Your money comes in around the 1st of every month, but by 20th, you are looking at Mshwari to ‘Okolea’ for the remaining part of the month. Some of us have a good income but we are […]
SAVING RS 200/DAY FOR MONTHLY SIP IN THESE SMALL-CAP FUNDS COULD HAVE GIVEN YOU RS 31 LAKH IN 10 YEARS. Investing in companies that have smaller market capitalisation, many Small Cap funds have given higher returns of over 15% in 10 years. Of these, two small-cap funds – SBI Small Cap Fund and Nippon India […]
For young people, retirement seems like an abstract thing. It is so far into the future that we seldom think about it. A lot of the time we are so engaged in being productive trying to search for more income that we forget that there will be a time when we will have to leave […]