I am a 40-year-old salaried individual earning a monthly salary of Rs 2.75 lakh, while my wife brings home Rs 1.35 lakh per month. She manages our household expenses, allowing me to focus on saving and investing for our future. My current plan involves allocating Rs 1.5 lakh per month towards SIP investments with the … Read more
Are you aware of the powerful combination of SIP and EMI? It’s a strategy that allows you to grow your wealth while simultaneously paying off your debt. Confused? Don’t worry! ETMarkets interviewed Chirag Muni, Executive Director at Anand Rathi, to shed light on how this works. What is the SIP-EMI combination and how does it … Read more
In our traditional society, 60 years was the base retirement age. But with changing times, more individuals are challenging this age limit and opting for early retirement. Many experts have been encouraging the pursuit of financial independence, with the objective of achieving early retirement — commonly referred to as FIRE (Financial Independence, Retire Early). The … Read more
As we come together to celebrate Independence Day and the freedom our nation’s forefathers fought for, let’s also reflect on a different kind of freedom that matters in today’s world. Amidst the festivities and ‘Freedom Sales’ that have become a part of our celebrations, it’s a good time to think about our own financial freedom. … Read more
A generational money myth that still runs deep today: Savings lead to wealth creation and financial freedom. While saving does achieve both, smart investing makes the concept of wealth creation, and hence, financial freedom more attainable. Never depend on a single income source. Invest to create a second source. Apprehensions to investing aren’t uncommon: it … Read more