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Important Thread🧵on common #Financial Mistakes which people normally commit.
Credits: CA Govind M Chandak.
#WAFwd #InvestmentPlanning #Investing
Avoid these mistakes for better financial future.
@dmuthuk @Vivek_Investor @VidyaG88 @caniravkaria
🙏 RT to maximize reach🙏
Credits: CA Govind M Chandak.
#WAFwd #InvestmentPlanning #Investing
Avoid these mistakes for better financial future.
@dmuthuk @Vivek_Investor @VidyaG88 @caniravkaria
🙏 RT to maximize reach🙏
❌ Not able to wisely use Credit Card ...
As always pointed out by @dmuthuk sir & @FI_InvestIndia avoid #CreditCard for purchasing unnecessary stuff on credit.
As always pointed out by @dmuthuk sir & @FI_InvestIndia avoid #CreditCard for purchasing unnecessary stuff on credit.
#personalfinance #debt #fingeekid Just wanted to share my thoughts on debt consolidation and how if managed effectively it can reduce the overall interest outflows.
When an individual has a couple of debts which is being serviced through multiple EMI’s, it's always advisable 1/14
When an individual has a couple of debts which is being serviced through multiple EMI’s, it's always advisable 1/14
to explore options to consolidate debt. This is possible mainly when one has taken a housing loan and has serviced a couple of years of debt or that the property has appreciated from the time it was acquired. 2/14
This is explained in the example below: Value of Property Purchased say is 1 Cr – Loan to Value is say 80% and 80L, a 20 Year EMI @ a Floating interest Rate of say 9% is 71,948, In addition to this this individual has a Personal loan of 6L and a Second-hand car loan of 3/14
#personalfinance #investing #fingeekid Impact of investing in different scenarios - Njce infographic series
