Techie? Here’s how to duck the pink slip arrow and stay afloat financially.

Techie? Here’s how to duck the pink slip arrow and stay afloat financially.

News has been slowly making it to the headlines and India is probably facing its worst job crisis in over a decade now. After start-ups and the e-commerce giants, it is now the IT sector that is trying to get in shape with lay-offs. The pampered new-age techie is capable of going into a personality coma if he is a casualty of the layoff and it’s needless to talk about the 5 year old tenured techie with EMIs. Here are a few tips to shield, steer, and safeguard finances and…

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#6 Steps to Plan Your Finances Before You Turn Entrepreneur

#6 Steps to Plan Your Finances Before You Turn Entrepreneur

To be used only during emergencies, there should be a separate sum of Rs 2-3 lakh kept in the bank Starting a business is tough. The sweat and the sacrifices can take a toll on a start-up ninja. But what’s tougher is keeping it afloat long enough for it to pick up traction. Your business starts with you, so it will be extremely important to keep your very own personal finances in order. Apple’s Steve Jobs, Microsoft’s Bill Gates, Infosys’ Narayana Murthy or Paytm’s Vijay Shekhar Sharma made it big…

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Nifty, midcap index hit fresh record highs; top 5 bottom-up stocks to buy

Nifty, midcap index hit fresh record highs; top 5 bottom-up stocks to buy

Bottom-up investing is an investment approach in which an investor should focus her attention from the industry to specific stocks.   The Nifty hit a fresh record high in the morning trade on Tuesday, supported by positive global cues. The action was equally strong in the midcap space. The Nifty free float midcap index rose to a fresh high of 18,021.10, while the S&P BSE midcap index rose to a fresh record high to 14,723.94 in morning trade. The small and mid cap stocks stood out in terms of returns…

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You can enjoy late parenthood with smart financial planning

You can enjoy late parenthood with smart financial planning

For late parents, time is very important, and so is making a plan with an expert’s help. Money matters suddenly become a big headache for freewheeling couples who embrace parenthood late in their lives. Having a bindaas time with double income can be a boon, and also a curse as Godbole found out recently. In their early 40s, Godbole thought they had a given a pass to parenting until cherubic Shreya was born last year. The sudden emergence of real responsibility, the prospect of a career taking a step back…

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Five things to prepare yourself for the next financial year

Five things to prepare yourself for the next financial year

Beginning of the financial year is the best time to get your money acts together. Well begun may be half done in many things. For your financial well-being however well begun is a big step towards wealth. A few suggestions for us to consider, as we look at the financial year 2017-18 that is just days away. 1. Get a grip on the future. Planning the needs and goals of our future helps us get a grip on the task at hand, and the way to get there. Our needs…

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4 simple ways to go cashless!

4 simple ways to go cashless!

These four options are by far the best available to migrate to a less-cash world, says Anil Rego We have been dramatically changing from being a cash-driven economy to a digital economy. Our money and the way we are handling it today, has become different. In such a scenario, how do you seamlessly migrate into a cashless economy? What are the best payment options which can help you in this journey? 1. Credit and debit cards The easiest of options which will help our move towards using digital cash are…

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Are guaranteed life insurance plans worth buying?

Are guaranteed life insurance plans worth buying?

The primary purpose of life insurance is to provide protection to one’s financial dependants. There are, however, savings-oriented life insurance plans which in addition to providing protection help one save for long-term goals. Such plans could be participatory (with-bonus) or non-participatory (without-bonus) in nature. The non-participatory plans, instead of declaring bonus which may vary depending on the profits that insurers make, may carry a guaranteed return/addition in lieu of bonus. The element of guaranteed return in the form of guaranteed additions (GA) in life insurance plans makes them attractive for…

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Why ignoring to plan for retirement can be financially damaging

Why ignoring to plan for retirement can be financially damaging

With rising cost of living and increasing life expectancy, the need to plan for one’s golden years is gaining ground. Read on to find out how to retire rich. We all like to plan for the future. From planning the day ahead to planning a vacation, it’s always a good thing to plan for something well in advance. But, when it comes to planning for one’s retirement, not many show the same inclination. Hardly surprising, therefore, that a retirement survey conducted earlier showed that nearly 78 percent of Indians had…

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Are you paying more for your cash?

Are you paying more for your cash?

Does this question puzzle you?  Here’s want we want to ask you. In the wake of digitizing India and setting limits on cash transactions we had a series of announcements and policies breaking away every new day ever since the 9th of November 2016. Most of this was targeted towards bringing in unaccounted money to the bank, and aimed at nudging the informal economy to fall in line with the norms of the formal economy. Stringent exchange limits on old notes and withdrawal limits, had citizens face a tremendous cash…

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Celebrate womanhood, invest smartly on International Women’s Day

Celebrate womanhood, invest smartly on International Women’s Day

A woman’s financial plan must be aimed at creating long-term financial stability. Their emotional needs must be factored into the financial plan. Planning for one’s financial security is a must for everyone. If you are a woman, be it a working woman, a homemaker or a single mother you have financial needs. Are your financial needs different from men that require you to follow a different financial planning routine? If so, how do you go about securing your future and what are the instruments that you should invest in? Financial…

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