Financial wellness and financial well-being are used interchangeably and both these phrases refer to state of bliss which is felt by individuals having financial security and financial freedom.
Financial wellness cannot be quantified or objectively defined as it is a matter of personal experience for each individual. Financial wellness should not be confused with being rich. You may be enjoying financial wellness if your expenses are less than your income and if you are saving regularly for your future financial goals by implementing a well constructed financial plan.
A person earning Rs.1 lakh a month may be richer or financially sound than a person earning Rs.2 lakhs a month if his expenses are below Rs.1 lakh as compared to the other person whose monthly income is Rs.2 lakhs, but his expenses are Rs.2.5 lakhs and he is struggling with rising debts.
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Denne historien er fra March 2019-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.
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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
How to Naturally Reverse Fatty Liver Disease
The liver, located on the upper-right side of the abdomen, is the body’s largest internal organ and plays a critical role in detoxifying the blood and processing nutrients.
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
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Momentum funds are a type of investment fund that focuses on companies experiencing positive momentum in factors such as earnings, revenue, and stock price movement.
Risks and opportunities associated with Small Caps
Small-caps are a stock-picker’s paradise.
How to navigate your portfolio through bull market a
Indian equities have been in a bull run for the past four years.
Choosing mutual fund schemes depending on your age to achieve life goals
The choice of mutual fund (MF) scheme might be influenced by one’s risk profile or age.
Thematic Fund Or Sectoral Fund, Which Fund Suits You?
A thematic fund is a type of mutual fund that focuses on investing in companies based on specific themes or trends.
Be Kind To Your Kidneys
The kidney is a vital organ in our body which is four inches long and two and a half inches in width.
