Category: MoneyWise
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How to Achieve Financial Freedom with the FIRE Method
FIRE stands for Financial Independence, Retire Early. It is a movement of people who save and invest aggressively to achieve financial freedom and retire at a younger age than usual. In this article, we will explain what the FIRE method is, how it works, what are its benefits and challenges, and how you can get started…
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Building a Strong Credit Score
A credit score is a three-digit number that indicates your creditworthiness or the likelihood that you will repay your debts on time. Credit scores are calculated based on your credit history, which includes your credit card usage, loan repayment history, and other financial data. In India, there are four major credit bureaus that calculate credit…
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Insuring Your Future: The Ultimate Guide to Insurance in India
This guide explains the types of insurance in India, including life, health, and home insurance, and offers guidance on choosing the right policies. From assessing your needs to seeking expert advice, this article provides valuable insights to help you make informed decisions.
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Exploring Psychological Factors that Influence our Spending Habits
Discover the complex psychological factors that influence our spending habits. From our past experiences to social influence and marketing tricks, learn how these factors shape our financial decisions and how we can make more informed choices.
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Protecting Your Finances: How to Avoid Financial Scams
As India’s economy continues to grow, financial scams are becoming an increasingly common problem. Scammers are using a variety of tactics, including phishing scams, investment scams, identity theft, and Ponzi schemes, to defraud unsuspecting individuals of their hard-earned money. In this article, we’ll explore some of the most common types of financial scams in India,…
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Money and Your Mind: How Psychology Influences Financial Choices
Money plays a significant role in our lives, affecting everything from our daily decisions to our long-term goals. However, our relationship with money is often shaped by our emotions, biases, and beliefs. Understanding the psychology of money can help us make better financial decisions and achieve our financial goals. The role of emotions in financial…
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SEBI’s Multi-cap Fiasco and why this could create a Small-cap Bubble?
On September 11, 2020; the SEBI did something which could have a very significant impact on the Indian Stock Markets and by doing so has put the Indian Mutual Fund Industry in a spot of bother. The SEBI has brought out a circular which directs that every Multi-cup mutual fund scheme will have to invest…
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How To Make Money From A Facebook Page
Is it possible to make money from a Facebook page? It comes as a surprise to many when I tell them about the possibility of making money from a Facebook page. In this post we discuss how you too can make money from Facebook. What are the basic things that you require before you can…
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How To Save Money On Flight Bookings In India
In this post we will discuss how you can save money on your flight bookings in India. I will show you with a practical example, how you can book flights at the cheapest rates in India. And, I am not taking about deals or coupons here. Honestly speaking, hunting for deals on flights demands a…
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Bitcoin/Ehrerium Ban – You Have 90 Days To Sell Before Your Investments Are Gone For Good
Following the ban on Virtual Currencies by the Reserve Bank Of India, you have 90 days to sell your investments in Virtual Currencies like Bitcoins and Etherium – post which you will not be able to receive the credit of the sale proceeds into your bank account. I had earlier warned my readers against investing…
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RBI Bars Financial Institutions From Dealing In Virtual Currencies
In view of the risks involved in dealing in Virtual Currencies, the Reserve Bank of India has bared all Financial Institutions regulated by it from dealing in Virtual Currencies (VCs) or providing services for facilitating any person or entity in dealing with or settling VCs. This effective means a Ban over VCs Like Bitcoins, Ethereum,…
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Credit Card Tips And How Credit Cards Can Save You Money
Would you believe me if I told you that Credit Cards can actually help you save money? Did you know that with credit cards, you can enjoy interest free credit upto 45 days on your spends both online and off? While a lot of people might consider credit cards to be an evil, this is…