Savings

ETMarkets Smart Talk| From Savings to Mutual Funds: Radhika Gupta’s step-by-step wealth creation strategy for young professionals

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ETMarkets Smart Talk| From Savings to Mutual Funds: Radhika Gupta’s step-by-step wealth creation strategy for young professionals

In this insightful conversation, Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, shares her step-by-step wealth creation strategy for young professionals. Drawing from her book Mango Millionaire, Gupta emphasizes the importance of building strong financial habits—starting with disciplined savings, protecting oneself through adequate insurance, and gradually moving toward investments in mutual funds. She also … Read more

Planning to retire early? Why balancing equities is a must for survival

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Planning to retire early? Why balancing equities is a must for survival

Retiring early at 45 or 50 may sound ideal, but financial expert Gurmeet Chadha, CIO at Complete Circle, warns that most people underestimate the financial risks. “With life expectancy increasing, u will have to depend on your portfolio for 30 years plus n keep catching up with inflation,” he cautioned in a post on X. … Read more

Should you skip your emergency fund and start investing right away? Expert shares his views

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Should you skip your emergency fund and start investing right away? Expert shares his views

A valuable guideline advised by financial experts is to maintain an emergency fund – a fund that consists of a sufficient sum of money saved to sustain living expenses for a period of three to six months. An emergency fund serves as a financial buffer specifically designated for unforeseen circumstances like medical emergencies, household repairs, … Read more

Want to escape high taxes? Wisdom Hatch founder lists top 3 countries for Indians to migrate

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Want to escape high taxes? Wisdom Hatch founder lists top 3 countries for Indians to migrate

Amid rising anger over high taxes in India, Wisdom Hatch founder Akshat Shrivastava on Wednesday listed three countries where Indians can migrate for better savings, lifestyle, and opportunities. “According to me, here are the top 3 countries for Indians to live,” Shrivastava wrote on X. He explained that his ranking is based on three key … Read more

Maternity cover: I am 32-year-old and I am looking to secure additional maternity coverage. What should I do?

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Maternity cover: I am 32-year-old and I am looking to secure additional maternity coverage. What should I do?

I am a 32-year-old female who is looking to secure additional maternity coverage. Unfortunately, my current insurance plan, HDFC Optima Restore, does not include this coverage. My corporate insurance policy has a limit of Rs 50-75,000 depending on the type of delivery, and my husband, who is 30 years old, is in the process of … Read more

Money management: How important is to have an emergency fund? Last few months I haven’t able to save for emergencies?

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Money management: How important is to have an emergency fund? Last few months I haven’t able to save for emergencies?

In the past, I made it a point to allocate funds equivalent to at least 6-12 months of my expenses as an emergency fund. However, over the last 4 years, there were instances where I only managed to save up to 3-4 months’ worth in a liquid fund or Fixed Deposit. Unfortunately, unforeseen expenses arose, … Read more

‘Living with your parents is not…’: Entrepreneur’s bold take on finances in your 20s divides internet

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‘Living with your parents is not…’: Entrepreneur’s bold take on finances in your 20s divides internet

Aryan Kochhar, co-founder of financial advice platform FinnFlow, has ignited a social media firestorm with his candid take on managing finances in your 20s.  His advice? Living with your parents isn’t a failure—it’s a strategy. “Living with parents in your mid-20s isn’t a ‘failure’—it’s financial wisdom in a world where rent eats 50% of your … Read more

FD rates: These banks have raised their fixed deposit rates in December 2024; check before investment

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FD rates: These banks have raised their fixed deposit rates in December 2024; check before investment

Fixed Depsit rates: In December 2024, several banks, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra, changed their fixed deposit interest rates. These changes have implications for the general public’s and senior citizens’ savings. One of the most widely chosen investment options is a fixed deposit, where an individual deposits … Read more

Financial planning: How much is enough to retire early looking at current inflation, domestic and global economic scenario?

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Financial planning: How much is enough to retire early looking at current inflation, domestic and global economic scenario?

In our traditional society, 60 years used to be considered the standard retirement age. However, in recent times, an increasing number of individuals are challenging this age limit by opting for early retirement. Many experts advocate for the pursuit of financial independence, known as FIRE (Financial Independence, Retire Early), with the goal of retiring much … Read more

Best Savings Rates Today, Nov. 7, 2024: Score a High APY Before Rates Drop Further

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Best Savings Rates Today, Nov. 7, 2024: Score a High APY Before Rates Drop Further

CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and … Read more