Ever wondered, how much monthly savings you need in order to create a corpus of 1 Crore at the specified rate of return. Below is the table where it shows how much money you need to contribute at specified rate of return in order to achieve the target of 1 crore.
Showing posts with label Financial Planning. Show all posts
Showing posts with label Financial Planning. Show all posts
Saturday, February 19, 2011
Wednesday, October 13, 2010
Know all about Personal Accident Insurance Cover from National Insurance Company
Abhishek Sharma is a healthy man with a loving wife and two sweet children. By the age of 34, he has charted his financial path with meticulous forethought and planning. He has planned his finances well, from investing systematically in equitiy fund, to buying life insurance. He has Invested in all right products. One day he met with an accident and lost his legs. Wednesday, May 26, 2010
Passive income avenues to boost your savings and lifestyle
Its a matter of thought that out of two persons working in the same office, one achieves and lives as much luxurious life as the other one is not able to. Probably the first person is utilising his salary smartly in order to generate some passive sources of income, thus leading to a highly contented life. Generation of passive income can help in creating financial freedom and flexibility through the creation of alternative sources of income, therefore, complementing one's salary income.
Here in this article we will be discussing some tips on how to generate passive income, and this may increase one’s wealth and consumption capabilities too.
Thursday, April 15, 2010
Myths and mistakes in Finacial Planning
One myth about financial planning is that it is only required if you are wealthy. However, It makes more sense for financial planning if you don’t have enough wealth and you lead a tight budgeted life. It also makes sense to some extent that we hire a professional Financial Planner help. Here are some common thoughts we all have which we all need to rethink and add that element in our financial planning.
• I don’t Need Financial Planning as I don’t have enough money
This is the biggest misconception we all have. Mind it that if you have enough money, then you need wealth management but if you don’t have enough you for sure need financial planning. Financial planning is a tool for wealth creation as well as managing your expenses, health Insurance cost,
securing the life cover whereas wealth management is only about managing and growing your wealth. Once you become wealthy, then only wealth management will work for you whereas financial planning will work for you always.
Tuesday, March 23, 2010
Financial Planning
Financial planning is the process of meeting life goals through a proper planning and management of your finances. Financial planning helps us to convert our dreams and aspirations in to reality. It also helps us to provide meaning and direction to our financial decisions.
Financial planning has to be done in a proper way, so that it can be implemented effectively.
It involves the process of assessing your financial situation, determining your objectives and formulating a plan to achieve them. The objective of financial planning is to ensure that the right amount of money is available in the right hands at the right point in the future to achieve an individual's life goals. It also allows you to understand how each financial decision you make affects other areas of your finances. There is difference between Financial Planning and Wealth Management. If you are wealthy, then Wealth Management will help you manage your wealth better, however if you are looking to create wealth, Financial Planning will help you achieve it faster and in a much systematic way.
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