Science subjects like Physics, Chemistry, Medicine, Technology, Astronomy, etc. are quite complex and unless you have formal education in these subjects, they are difficult to comprehend.
However, same is not true for financial topics and with some interests and efforts, Doctors, Engineers, Architects and even Housewives can take charge of their money matters and lead a financially confident life.
Most Indians remain obsessed with three popular topics, namely, Politics, Bollywood and Cricket. Lot of valuable time is consumed in reading articles/blogs/news items on these three topics and equal amount of time is spent in discussing/gossiping the same with their friends. However, even if a fraction of this time is spent upon brushing-up your knowledge on money/ financial matters, it can work wonders towards improving your lifestyle as well as quality of life.
By going through financial news items and by watching business TV Channels, you can constantly update yourself with important developments and crucial financial concepts like rate of inflation, GDP growth rate, interest rate movements and ups and downs in Equity markets together with returns being generated by Stock Market over one, three, five years and on a long term basis. However, please remember that “half knowledge” is even more dangerous than “no knowledge” at all. Therefore, develop a habit of getting into meaningful conversations on financial developments with your spouse, friends, colleagues and most importantly with your expert investment adviser.
We share below few simple strategies for adopting in your life to be financially prudent.
1. Choose a Family Financial Doctor
Denne historien er fra October 2018-utgaven av Investors India.
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Denne historien er fra October 2018-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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Yes, we certainly believe innovation is a powerful theme with immense potential for the coming years, and we are excited to bring it to our investors.
What is Hybrid Mutual Fund?
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ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
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Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
Q1. The US elections are said to be one of the closest till date, what impact will the election of a Republican / Democratic party have on the US economy and how is that going to affect India in the short as well as the long term?
