Achieve Financial Freedom by making your money work harder
There is a lot of hype around building a retirement income or passive income these days and there are a plethora of schemes shoved down the throat of gullible senior citizens. This secret can also be used by younger people who want to generate a second passive income in addition to their regular income.
Equity linked savings schemes (ELSS) and National Savings Certificate (NSC) are two of the most popular savings schemes in the country, both offering their own sets of advantages.
An equity linked savings scheme (ELSS) is a form of diversified equity fund. ELSS investments are eligible for tax exemption under section 80C of Income Tax Act.
Many investors make the mistake of purchasing financial products purely from the tax-saving angle and that too at the last moment. It usually leads to inferior financial decisions
A systematic investment plan (SIP) is a disciplined way to invest money in mutual funds. It’s one of the best ways to generate wealth over the long term. Here’s how you can start a mutual fund SIP.
How would you feel if I showed you a way to become an entrepreneur without actually building your own business?” – without going through the grind, without getting your hands dirty, without leaving the comfort of your present jobs,….
If you are planning to invest to claim tax deduction under section 80C, here are some wise things to do when you wake up. (Listed in order of priority)
You don’t invest in shares. You invest in an honest broker or financial planner. Be friends with him. You don’t invest in education. You invest in a good teacher. Be friends with him. You don’t invest in healthcare. You invest in an expert doctor. Be friends with him. You don’t even invest in your business. You invest in your employees and your customers. Be friends with them.
Majority of parents are worried about investing right for their children’s bright future. A simple search on Google reveals that the media is almost totally covered by insurance companies offering traditional and unit linked plans in the name of child benefit plans.
Financial planners have been crying themselves hoarse about the wisdom of buying a pure term insurance plan and not investing in an insurance plan. The dual advantage of cheap risk cover and earning much more on your investments can’t be ignored at all.
