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stopping spending addiction

“The temptations of a Monk”

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If you are living without something which you really love to have, the very thought of it makes you go crazy and breaks the fast which you have had for many days to achieve it. That’s the temptation, which is a diversion in your path which makes it even longer to achieve than planned. Consequently, as we grow older the value of the so-called temptation also grows and if we had surrendered ourselves earlier by interrupting the smooth flow of finances, we usually have to regret ourselves at a later stage for doing so. Hence stopping spending addiction is a must.Read More


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“What’s it takes to be financial planner and the one you should not hire”

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So you have decided to hire a financial planner to manage your personal finance and help you in achieving your financial goals. First of all, Congrats! for the courage you have shown to hire a stranger to manage your money, especially for trusting his/her ability.
Ability is a critical point, especially in a financial planner resume. Most of the financial planners you see around are from finance domain who were Life insurance agents, Mutual funds broker, Bank managers, relationship executive etc. earlier. They left their well-paying job which gave them loads of commission and regular monthly income abruptly. Instead, they choose to come in a field they don’t have any knowledge. If you keenly observe them, they have this confused look of an infant who is handling calculator.Read More


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The Risk in Risk-free Investment

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What is a risk?
For most, it’s a possibility of losing the subject, be it money or the ship.
It has been proven in most of the experiments that severe pain of loss is much bigger than the extreme joy of making profits. So the common man looks for avenues, which is safe for him and the probability of losing the principal in the said avenue is minimal. So, according to nature, an investment avenue which is relatively safe and provide guaranteed returns over the principal with the safety of the principal is said to be a risk-free investment.Read More


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“How not to spend more than your salary!”

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Spending more than your salary??? Well, it’s a common case these days, especially for bachelors living away from their hometown. The major portion of the monthly income wipes out in the first week of getting the salary. House rent, utility bills, maid and groceries are the major part of the monthly expenses. Let’s take a case of a common guy Ashish and see how he manages his expenses.

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Financial Maturity – “I know What I am doing”

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Very less has been written on this topic so far now. Also, the definition will be subjective once you hear the term “financial maturity”. Everyone will have their own version and it’s okay. In reality, financial maturity means, “I know What I am doing with my Money”. There is enough attitude in those lines, which revolves around a person’s financial life. Sadly, we are over-confident and we don’t know what we are doing with our money. Do not make a mistake to compare the financial maturity with frugality, both of them are different. A person who understands how his decision affects his personal finance is Financially mature. He might spend money on expensive laptops or business class flights, furthermore, she might not spend money on lavishness and only shell out money out of her purse whenever deemed necessary. It’s hard to understand this, but the person in charge will be the best person to know his/her circumstances and take the call accordingly. Read More


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