A. Investment
Investing is the key to building wealth and long-term financial stability. Studies show that historically, investing in stocks and other assets outperforms the rate of inflation, helping your money grow over time. As Warren Buffett advises, “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”
Real Estate
Real estate can be a lucrative investment with the potential for both income generation and long-term appreciation. As Suze Orman: says “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense…it is about the safest investment in the world.”
Stock Market
Stock market provides a dynamic platform for individuals and institutions to buy and sell shares in publicly traded companies. For decades, stock market investing has been a crucial component of wealth building. Research by Siegel (2014) demonstrates that over long time horizons, stocks tend to outperform other asset classes.
- What is Stock Market and How it Works?
- How to Invest in Share Market or Stock Market?
- What is Stock Exchange?
- Indian Stock Market: Meaning, Working, Types and How to Trade
- National Stock Exchange Fifty (NIFTY): Full Form, Calculation, Advantages and Disadvantages
- Bombay Stock Exchange (BSE) : Full Form, Features, Functions and Importance
- Index Funds | Working, Factors and Advantages
- Difference Between Sensex and Nifty
Stock Market Apps
Stock market apps offer convenient ways to track investments, analyze trends, and make trades directly from your smartphone.
- Zerodha
- Groww
Mutual Funds
Mutual funds offer a diversified approach to investing by pooling money from multiple investors to purchase a basket of securities. Research highlights the potential benefits of mutual funds, especially for novice investors. These funds provide professional management, instant diversification, and reduced risk compared to individual stock picking. As fund manager Peter Lynch, puts it, “Owning stocks is like having children – don’t get involved with more than you can handle.”
- What are Mutual Funds?
- How to Invest in Mutual Funds?
- Systematic Investment Plan (SIP) | Meaning, Benefits and How it works ?
- Systematic Withdrawal Plan (SWP) | Meaning, Working and Benefits
- Assets Under Management (AUM) – Meaning, Impacts & How to Calculate
- Asset Management Company (AMC) – Meaning, Functions, Fees, Examples
- Expense Ratio | Meaning, Components, Restrictions and Examples
Bonds
A bond is defined as a debt asset that reflects an investor’s loan to a borrower, usually an authority or a firm. When a company issues a bond, it is borrowing money from investors and promising to pay periodic interest payments (coupon payments) and repay the entire principal amount (face value or par value) at the end of the bond’s term.
ETF
Exchange-traded funds, commonly known as ETFs, are financial instruments that can be easily traded on a stock exchange like any other securities. ETFs are a combination of mutual funds and equities of the listed company.
Taxes | Income Tax
Understanding the complexities of income tax is essential for responsible financial planning and compliance. Learning about applicable deductions, exemptions, and tax-saving strategies can significantly reduce tax liabilities. Financial experts often repeat, “Don’t pay more tax than you legally owe.”
- Taxes: Meaning, Types, Calculation & How to File
- What is Income Tax? | Tax Slab | Deductions Allowed
- How to calculate Income Tax on salary (with example)?
- Income Tax Exemptions and Deductions for Salaried Individuals
- What is House Rent Allowance? |How much exemption can be claimed on HRA ?
- What is Section 80C ? | Deductions under 80C
Personal Finance
Personal finance is about understanding and managing your money – budgeting, saving, investing, and protecting your assets – to build the life you want and achieve financial independence. In this comprehensive guide, we’ll get into the fundamental concepts and actionable strategies that can help you navigate the complexities of managing your money effectively.
Table of Content
- A. Investment
- B. Financial Planning
- C. Retirement Planning
- D. Budgeting & Saving
- E. Banking
- F. Types of Banks
- G. Types of Banking
- H. Types of Bank Account
- I. Debit Card
- J. Credit Card
- K. Fixed Deposit
- L. Recurring Deposit
- M. Payments
- N. Insurance
- O. Official Valid Document – Identity Proof | Address Proof
- P. Payment Apps
- Q. Credit
- R. Loan
- S. Schemes
- T. Financial Fraud