Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Financial advisor usually creates and preserve the client information up to date and also they recruit new clients over the period of time. They also frequently discuss with the clients about their change in the status of their financial position. They are skilled in creating a liquidation plan which comprises priorities to be given and the timeline for the plan. These professionals select the type of service that should be provided and document in regard to the client. They also offer assistance in arranging finance for individuals as well as…

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Factors Affecting Financial Planning: Some Ways and Solutions to Overcome it

Factors Affecting Financial Planning: Some Ways and Solutions to Overcome it

There are different obstacles that impact a person’s budgetary arranging, yet the accompanying is the most vital individual components, which will undoubtedly represent the issues raised in a financial plan. Spending pattern represents an individual whole money related life. The elements that a person spends outline the budgetary future they are bound to. At the point when individuals have a settled salary consistently, they do need to reconsider before spending it on superfluous things. They get acclimated to such a way of life, which may bring issues for them up…

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Tips to Manage and Stick to your Financial Goals

Tips to Manage and Stick to your Financial Goals

To achieve your budgetary objectives, individual should understand the ways of managing money. That implies defining an objective, building up a financial plan and following where an individual spends and spares money. Monitor every one of your costs and set sensible spending rules. Maintain a report of your month to month spending that incorporates everything from goods, transportation, attire, feasting out, doctor’s visit expenses, regularly scheduled installments, obligation owed and the sky is the limit from there. You need to assure that your record gives the representation of amount spends…

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The right account for a small investor – Basic Services Demat Account

The right account for a small investor – Basic Services Demat Account

If you are already holding a Demat account or planning to get one, then it is very important that you should know about the Basic Service Demat Account also. This could help you if you are planning to trade on smaller portfolio sizes and will cut on those huge yearly maintenance charges. The Basic Services Demat Account is a basic version of a normal Demat account which provides only the basic level services and is ideal for those who wish to invest in smaller quantum of portfolios. But before we…

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5 facts to make you financially fit from your very first job

5 facts to make you financially fit from your very first job

Stepping into your first job is indeed an awesome and an unforgettable moment. This phase of life brings a whole new sense of freedom, responsibility and confidence. This could be the moment that you have been waiting for all your life. Most of us dream of buying a  car, or  taking a nice vacation. And now that you have a job all set to give you a consistent financial flow, you would like to realize this dream of yours. A disciplined and planned approach can get you to realize your…

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Are you postponing these 5 financial decisions?

Are you postponing these 5 financial decisions?

It is always ideal that you practice a good discipline when it comes to your financial life and to do so it is imperative that you prioritize and set your financial life in order. Life is challenging and comes up with the most unexpected events at the most uncertain times. In order to avoid hassles for your dependants and to keep everything about your finances at ease, you should plan and set straight your financial life in order at the earliest. This article is to take you through those five…

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Worried the Festival buying will slim down your Fat Wallet?

Worried the Festival buying will slim down your Fat Wallet?

Experts in psychology and consumer buying behavior state that impulse buying behavior is exhibited when purchasing is executed without proper planning and research which results in a stimulus to take a decision on the spot. Surveys say that this has mostly resulted in regretting later about taking a decision as such. So, have you wondered why is that we are under the influence of certain factors and get pushed into an impulsive buying spree? Festivals bring about an air of joy and happiness in the minds of people. And many…

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5 Point Asset Classification for Beginner Investors

5 Point Asset Classification for Beginner Investors

Your money goes into different places or things when you choose to save or invest and they are called Asset Classes. If you didn’t know, all your investments are classified, and it’s better if you keep that information as classified! Asset Classification or Asset classes: Let’s say you have invested in a Fixed Deposit and PPF. Both are different financial instruments, but deep down both are secure products, with minimal risk and fixed returns which are predefined. The similarity in their characteristics is because they both belong to “Fixed Income”…

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Are you not saving for your future?

Are you not saving for your future?

Have you ever thought how it would feel to have 3yrs of your salary in your bank account? Imagining already? Which means X being your pay package per annum, you have 3X lying in your savings account (excluding real estate assets)!!! But bringing this into a real life scenario may practically not have been possible for many – reasons being stuck with day to day issues and all the other priorities. Is that you? Life is full of challenges. It makes us deviate and lose focus on how we chart…

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Scoring it right with CIBIL

Scoring it right with CIBIL

Life can just knock us down completely sometimes. Sickness, business or job loss, bankruptcy or the prolonged illness of someone in the family can rig a hole in our finances. It is the time that has you avail more credit and default on payments. This hits your credit rating bringing down your credit score making it difficult for you to avail further credit.   Re-building your credit score is sometimes the toughest of things. It is difficult but not impossible. Most importantly, it takes time, perseverance and financial discipline. Here’s…

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