7 important Secrets for one of the Valuable Financial Asset 1)      There is only one solution for converting your Liabilities into Asset - That is the only one, which  i s Life Insurance. 2)    The one and only single Financial Asset which creates an Asset on the First Day up to your Total Sum of the Future Income in coming years by paying single installment - That is the only one,  which is Life Insurance.      3)      There is only one Asset which hurts no one and helps every one - The one and only, Life Insurance.  4)    It is the only one Asset which is Cash-less CASH, that is Life Insurance.  5)    Life Insurance is complete big Tax-free inheritance to the Next Generation.  6)    Life Insurance is a Truly Transparent Asset (Legal heirs need not necessarily be intelligent).  7)    Life Insurance is a Long Term Guaranteed Commitment for a Life...

 Be a winner in the game of investing just like Cricket The most important amongst them being strategy and a long term view.   * Physical Fitness = Investor Awareness Do your research before making any decisions. And, when in doubt, always consult a professional on what course of action to take.  * Team Selection = Asset Allocation Like a cricket team is made up of diverse players like fast and spin bowlers, batsmen, wicket keepers, fielders, etc. your portfolio too needs the right mix of asset classes like equity, debt, insurance, cash and gold to name a few. *  Game Plan = Risk Appetite Just as a player assesses his risk before playing, you too need to make the right preparations before investing. Determine your risk profile to decide how much to allocate in each asset class and whether the time is suitable to play hard or play safe.  *  Winning the Toss = A Good Start The toss plays a significant role and ensures a good start. In investing, an early...

 Rules of Wealth Creation-2 1) *50-30-20 Rule - about allocation of income to expense* Divide your income into 50% - Needs (Groceries, rent, emi, etc) 30% - Wants (Entertainment, vacations, etc) 20% - Savings (Equity, MFs, Debt, FD, etc) Atleast try to save 20% of your income. 2) *3X Emergency Rule* Always put atleast 3 times your monthly income in Emergency funds for emergencies such as Loss of employment, medical emergency, etc. 3 X Monthly Income.  In fact, one can have around 6 X Monthly Income in liquid or near liquid assets to be on a safer side. 3) *40%EMI Rule* Never go beyond 40% of your income into EMIs. Say you earn, 50,000 per month. So you should not have EMIs more than 20,000. 4) *Life Insurance Rule* Always have Sum Assured as 20 times of your Annual Income 20 X Annual Income.  Say you earn 5 Lacs annually, you should at least have 1 crore insurance by following this Rule. 5) Rule of 144*  No of years it takes to double your money a...

  Rules of Wealth Creation-1 1) *Rule of 72* No. of yrs required to double your money at a given rate, U just divide 72 by interest rate Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs At 6% rate, it will take 12 yrs At 9% rate, it will take 8 yrs 2) *Rule of 70* Divide 70 by current inflation rate to know how fast the value of your investment will get reduced to half its present value. Inflation rate of 7% will reduce the value of your money to half in 10 years. 3) *4% Rule for Financial Freedom* Corpus Reqd = 25 times of your estimated Annual Expenses. Eg- if your annual expense after 50 years of age is 500,000 and you wish to take VRS then corpus with you required is 1.25 cr. Put 50% of this into fixed income & 50% into equity. Withdraw 4% every yr, i.e.5 lac. This rule works for 96% of time in 30 yr period

   8 Laws of Wealth First Law: Keep a part of all you earn. Save at least 30% of your Income. Second Law: Put your savings to work for you. Invest it so it will multiply.        Third Law: Secure your future earn-able  Income by the only way of Life Insurance for your Family’s future Life style, needs and wants. Forth Law: Avoid Debt / Loan. The poor people pay interest while the Rich people earn interest.       Fifth Law: Don’t speculate in get rich quick-schemes. Invest in a solid business that is for long term. Take an advice from Financial Advisor.       Sixth Law: Invest in yourself. Gain knowledge and skills for increase your earning power. Seventh Law: Diversify your Assets. Have multiple passive streams of income. Eighth Law: Prepare Will or do estate planning.

                                          No-Cost EMI What is No-Cost EMI? No-Cost EMI is a financing scheme offereed by Merchants for Retailers by which you pay the price of the product in equated monthly installments. How does it work? Generally, there are 3 parties involved in the transaction, the Manufacturer / Retailer, Bank and the Consumer / Customer. "One thing we need to understand that neither Manufacturer nor bank, are charitable organisations. They are in the business to make profits." In the case of No-Cost EMI, the Manufacturer offers a discount that is equivalent  to the interest cost (but not to the Consumer / Customer). Example:                                   Particulars                      ...

  8 Financial Lessons to learn from Ramayana 1. Get your Life Secured: You are not Laxman, and there is no Hanuman for you, who can get Sanjeevani for you. So get Life Insurance today. 2. Set your Budget: Set "Laxman Rekha" of your financial budget and make sure that you do not cross it due to luring online discounts. Understand the difference between needs and wants and be financially disciplined. 3. Contingency Fund: Have an adequate emergency funds to handle unforeseen circumstances as Lord Ram was sent to "Vanvaas" for 14 years and was forced to leave his Luxurious Palace. 4. Be Patient and Think Long Term: Stay invested for the long term, there is no shortcut to success in the financial assets. As Lord Rama was patiently waited until the situation was favourable to him. 5. Choose your Advisor wisely:  Mata Kaitkey listened to Manthara's advice and all were got sad. 6. Build a Corpus: Lord Rama built the Ram-Setu along with patience. Likewise, to build ...