After the glow of the holidays wears off, the gifts have been opened, and the credit card bills arrive, you may be ready for a financial reset. January is a natural time to adopt new financial habits, but if your to-do list is long, it can be tough to know how to start. Below, we’ll … Read more
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
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
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
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
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
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
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
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
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