I am a software professional, working with a US-based organization. A few years back, when I was 35, I availed a home loan of INR 30 lakhs for 9.6% interest rate. I used the loan amount to buy a home and kept paying the EMIs, regularly. After a few months, one of my friends, who…
“The only time you really live fully is from thirty to sixty. The young are slaves to dreams; the old servants of regrets. Only the middle-aged have all their five senses in the keeping of their wits.” – Theodore Roosevelt Most people in 40s are with young kids, spouse and elderly parents. Naturally, most parts…
June 19,2016 is Father’s Day that demands you to be with your dad at all cost. Come on you owe all your success to his decision of convincing your mom to bring you to this beautiful world! So he deserves a treat, a big one! Here is what you can do to surprise your dad…
As a robo-advisory organization in personal finance, we keep receiving emails and messages requesting us to throw more light on the need for financial planning. We appreciate this general awareness that is gradually developing in India and common people conscientiously trying to understand how financial management can better their personal finance. The most common question…
It is a universal phenomenon that time waits for none. Particularly when one has financial transactions to make, time is very impatient and moves faster than usual. It is because of that the moment you get your salary you have to pay all your bills at the pace of time else pay a penalty on…
After a bad experience with an insurance agent around 2008, Nitin Vyakaranam realised that, like himself, most of the Indian middle class doesn’t get proper advice on financial products. ‘I didn’t know much about ULIP (Unit-Linked Insurance Plan). I assumed that because the agent was an acquaintance, he would put my interest first. But I…
Now that your employer has announced a year-end bonus for you, you must be very excited? Deservingly so! You may be thinking of that long due adventure trip to Leh with your friends or maybe considering the latest iPhone. Maybe neither of these, you may be thinking, “Let me first receive the bonus and then…
There’s an old man called Time who is good at compounding. He compounds your savings and your debts and depending on what you choose, the experience can be either pleasurable or miserable. But what is compounding, therefore compound interest? What does it mean to your personal finances? For a better understanding, here are the 5…
Perhaps the best way to realize a quandary and craft a solution is through getting your hands dirty. Similarly, Nitin B Vyakaranam, an engineer (Electrical and Electronic & Communication) lost substantial amount when a mutual friend sold him a ULIP policy post his return to India from U.S. He had no idea about finance products…
Father’s Day is a special day for all of us. This is the day when we show our love and appreciation to the most important man in our lives, our Father. The first thing that comes to our mind when we hear the word “Father” or “Dad” is an Anchor. Dad is the person who…