Discover and read the best of Twitter Threads about #financialliteracy

Most recents (24)

2.And another day, another electricity record high:
● France: 1 - year forward power €576 per MWh
● Germany: 1 - year forward power €430 per MWh
For context, the 2010 - 2020 average is ~€45 per MWh.
The Europeans have the solution so the plebs can stop fretting.
3.The Brits, who — despite managing to leave the EU — are coming to realize that it did not matter because it is the corporatocracy that governs, not the state.
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(1/n) An #emergencyfund is like a pool of just-in-case money. It's a vital piece of your #financial safety net. Your emergency fund is the money you would rely on if:
➡️ You lost your job
➡️ Your laptop/mobile broke down
➡️ You ended up in a medical emergency
(2/n) ⚪ Having an emergency fund can help you roll with life’s unpredictable punches and makes it easier to recover from setbacks that could otherwise turn into financial disasters.

#BachatSeekhayGaPakistan #EmergencyFunds #FinancialLIteracy #emergencyfundsaving
(3/n) ⚪ Experts typically recommend that you keep 3 to 6 months of living expenses in your emergency fund (an amount that’s probably less than three to six months of your income).
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9 Important Things about Sukanya Samriddhi Yojana 👧

• Min Max Deposit
• Interest Rate
• Tax Benefits
• Eligibility Criteria
• Maturity Period
• Payment Period
• Withdrawals
• Loan Facility

Let's find out ⤵️

-- A Thread 🧵🪡 --

#investing #financialliteracy
▣ SSY was created to provide girl child 👨‍👩‍👧‍👧 with a
sound financial future. It’s a part of "Beti Bachao,
Beti Padhao Yojana". It comes with an interest rate
of 7.6% and tax benefits under 80C of Income-tax
Act, 1961.

#stocks #StockMarket
▣ The account can be opened by the parent or legal guardian in the name of a girl child from the birth till she is 10 and max 2 accounts can be opened.

❌If more than two daughters the 3rd account can not be opened.
Read 13 tweets

A Thread🧵
Payoff Priority Technique (PPT) is a unique & exceptionally good method to make all your loans disappear from your life.

I came through this technique while reading this extraordinary book called

“Safe Strategies for Financial Freedom” by Van K Thorpe.
2/n Image
Loans & EMIs have become an integral part of our life. Our salary payments are already pre-defined towards the debt obligations each month. In case our incoming cash flow gets disturbed, the EMIs will pile up each month & it might even lead to default.
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Before #investing, one should always dig deep into the fundamentals of your #investment.
Below are a few quick indicators which can give you an insight on whether a company's financial statements are misrepresented or accounts are being window dressed.

1) Percentage of miscellaneous expenses as a proportion to total revenue

2) Change in Reserves unexplained by Profit/Loss for the year and Dividends

3) Provision for Doubtful Debt as a proportion of Debtors outstanding for over 6 months

4) Growth in Auditors’ Remuneration vis-a-vis growth in revenues

5) Change in method of calculating depreciation

6) Trend in Ratio of Capital Work in Progress to Gross Block

7) Contingent Liabilities as a Percentage of Total Net Worth

#equity #investorawareness
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Educational thread: Investment mistakes you can make in your 20s:
1. Not a having a plan: 20s is the perfect time to start thinking about finances. There are less responsibilities, expenditure and the scope of savings is huge. Now is the time to think long-term.
2. Not knowing what to do with your earnings: In this knowledge-driven world, there is no shortage of data needed for research kn investments. Find out the investment options, the risks associated and make an investment plan.
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Educational thread: 6 Bad Financial Habits you should Avoid at all costs! Read and share:
1. Biting off more than you chew: While loans, credit cards ease your financial burden at the moment, piling them up is never a great idea. If this is your case, investing will be a distant dream.
2. Bad credit score: Most Indians are unaware of how credit scores are calculated. Even simple things like not paying bills, late payments can reflect adversely on your credit score. This can backfire in your future, if you apply for loans.
Read 9 tweets
#financialliteracy #wealthbuilding

How Can You Get Access to Capital?

Where 20 years ago, 70-90% of all initial public offerings were raising $50M or less, today only 30-40% of companies go public at that stage.
A major reason being, there is a lack of developed exchanges that are creating new listings of that size. This major change in our capital markets has left many companies without a transparent, safe marketplace to get liquidity and expand.
In our next webinar, we will be discussing this and what solution is coming for this very problem.
Dream Exchange

Dream Exchange is creating the first black-owned national stock exchange as well as the first ever venture stock exchange.
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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🙏
❌ Buying Insurance Policies for investment purpose.

Always go for #TermInsuance
❌ Not able to wisely use Credit Card ...

As always pointed out by @dmuthuk sir & @FI_InvestIndia avoid #CreditCard for purchasing unnecessary stuff on credit.
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Thread 🧵on Why to Invest Money ❓

Must read for everyone, especially youngsters....

(If you like then please re-tweet to maximize reach)

#FinancialLiteracy #InvestmentPlanning
1⃣ With the passage of time the term #Money has become one of the most important necessity of everybody’s life, without which thinking about anything is next to impossible.
2⃣ Today with increasing human wants, longer life spans, and huge number of opportunities available to spend, just #earning good is not enough; it is equally important to #invest money wisely to ensure that it is generating a good return to secure yours and your family’s future.
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An extensive yet super simple thread to understand the role of @RBI and how it uses 'Repo Rate' and 'Reverse Repo Rate' 👇🧵

You may bookmark this for further use.

#economy #RBI #financialliteracy
1. Let us first understand the role of Reserve Bank of India in managing the Indian economy.
There are two major elements of the Indian economy.
👉The Businesses:
They are the producers of the goods and services. Any business would be happy if it is growing and the prices of the goods and services sold are ever rising. They would be more interested in ‘Economic growth’.
Read 31 tweets
A simple thread for beginners on 'How the price of a stock is decided?' 🧵👇
This can be helpful to understand the basic economics behind the stock price fluctuations.

#economics #financialliteracy
1. Let us first understand how the prices are decided! or to start with, let us know who decides the price? The buyer or the seller? Let us find out.
2. So, you enter a shoe shop and like a pair of shoe. You see the price tag which displays Rs.3000. You try to negotiate and then ultimately the seller agrees to sell you the shoe pair at Rs.2500. Image
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A super simple thread to help everyone understand the concept of 'Fiscal Deficit' and what happens when government spends more than its receipts. 👇🧵

#fiscaldeficit #economics #financialliteracy
1. Let us understand everything bit by bit.
Say, Raju is a businessman. Now, like every businessman, Raju is ambitious and curious to know his profit. Hence, he keeps his accounts to calculate his profit.
2. Throughout the year, his total revenue was Rs.10 lakh and his total expenditure was Rs.8 lakh. Hence, Raju is having profit or surplus of Rs.2 lakh.
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Have you ever wondered why price of large cap cos like Reliance ind. Ltd. or Apple inc. fluctuates less in magnitude but share price of a small cap co witnesses huge volatility?
A simple thread to explain the economics behind stock fluctuations!👇🧵
#investing #financialliteracy
1. Penny stocks show huge volatility but on the other hand stock of large cap companies show little fluctuations.
Did you ever observe how ‘Foreign Exchange’ rates show little fluctuation and are range bound?
Let us understand the economics behind it.
2. In this thread we will learn two things,
👉Why large companies show quick change in their prices though the magnitude of change is less?
👉What causes huge jump in prices of penny stocks? Or why on a bad day they can easily fall with huge magnitude?
Read 34 tweets
Are you excited for our December episode of Kairos?
This time we're exploring 🤹🏽‍♂‍Financial stability 🤹🏽‍♂‍

Missed the trailer? Quick recap:
👨🏽Maran, 48, Public Sector Bank Employee
❓Retire or be financially responsible
👴🏽ailing father
👩🏽‍🎓✈️daughter wants to study abroad
✅⏲️Right time for VRS?
Make guilt-free decisions about your future with a customised ithought #financialplan!
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🚨 RISE AND FALL @UrbanLadder 🚨

On November 14, Reliance Retail announced an all-cash buyout of 96% stake in @UrbanLadder for ₹182 Cr.

A #Thread 🧵

@dmuthuk @SahilBloom @FundamentalGems @FinKrypt @stockskibaat @stocks_in @nifty_baba @FinancialAdda @trdessai @join2manish
Think for a moment, how billion-dollar edtech startup shelled out $300 Mn to acquire a smaller company within 18 months of its launch.(@whitehatjunior)

Urban Ladder, which been since 2012 & built coveted private label, took a 75% cut in paper valuations.

#StockMarket #nifty50
The company (@UrbanLadder) focussed on a private business model, which was not bad idea & it also got them a good brand recall.

But the furniture retail space is tough market & everything depends on strategy” says a VC requesting anonymity.

#Share #sharemarket #banknifty
Read 21 tweets

In pandemic & election, many have financial anxiety right now.

Whether it’s because of job loss or uncertainty of future, in current economic situation many of us worried about money.

#BTC #finance #bitcoin #StartUp #investing Image
Luckily there are some simple ways to combat financial anxiety.

Tackling anxiety often means change of mindset & financial anxiety is no different than that.

#LifeGoesOn #LaxmiVilasBank #sharemarket #Reliance #nifty50 #Nifty


Remember that comparison is thief of joy.

It’s really easy to look at Instagram & think that someone else has more money than you & by extension a better, cooler Life.

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Showing your kids the 'Value of #Money' won't happen overnight. It requires numerous little steps. Remember, that they will most likely chaos up en route, yet mistakes are the means by which they learn. #SaarthiZarooriHai @iRadhikaGupta @NileshShah68 @AmitMTrivedi @monikahalan Image
Lack of #FinancialLiteracy of children & not teaching by parents the 'Value of #Money' can be a reason behind such cases being reported. We wonder how many more such cases would be unreported. Build a strong #Financial foundation today. We at @MMFA_IN are here to guide & mentor. बच्चों की वित्तीय वित्तीयता...
बच्चों की वित्तीय वित्तीयता में कमी और माता-पिता द्वारा ''पैसों की अहमियत'' न पढ़ाया जाना ऐसे मामलों के पीछे एक कारण हो सकता है। हमें आश्चर्य है कि इस तरह के कितने और मामले अप्राप्त होंगे। आज एक मजबूत वित्तीय नींव बनाएँ। हम @MMFA_IN में मार्गदर्शन और संरक्षक के लिए यहां हैं।
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1/x In an effort to understand the #OilPriceWar I dug a bit. Here is what I found & another resource thread for any students that are not in school & would like to learn a bit on #markets. #ResourceThread

A. It. began with the #Corvid19 = ⬇️ demand.…
2/x The #Corvid19 -> ⬇️ Dem. to level this ⬇️prod.

B. V. much like the rhyme there was an old woman who swallowed a fly, shell, and a host of other holiday spin offs, the⬇️ demand, would have resulted in a price crash. See #oilprice metrics.…
3/x #Oilprice is complex, here is a site that show some price charts that may be of interest. Here you can create your own dashboard.…
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Being financially responsible is important for your health and your financial life. To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month. For many people, it’s a lot easier said than done.📌
Credit cards, loans, savings, and even emergency funds allow you to buy more things than your income would ordinarily allow. Unfortunately, that kind of lifestyle isn’t sustainable and, at some point, your reckless spending will catch up to you. #financialliteracy
Your savings and access to credit will run out and when that happens, you’ll be forced to make some important changes or face financial ruin. #financialliteracy
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Started the new year by watching Playing With Fire documentary (@PlayWithFIRECo). Very well made with many nuggets of #FinancialFreedom wisdom which I'm putting down here as thread for handy reading. (1/n)
@PlayWithFIRECo It's more important to be rich than look rich because it allows you to focus on the things important in your life. (2/n)
@PlayWithFIRECo Spend lavishly on things that you care about, but cut back ruthlessly in other areas. Don't get swayed by society's expectations of what you should spend on. (3/n)
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Survey of Canadians:
- 62% admitted to not understanding mortgages
- 57% of men / 44% of women have knowledge about the different kinds of mortgages available
- 90% admitted to not knowing mortgage interest on fixed-rate products is charged semi-annually
- 61% didn't know that a minimum 20% down payment is required to avoid paying mortgage insurance ("CMHC fees")
44% also admitted poor understanding of credit cards. Thankfully 94% supported more financial literacy in schools, so GET ON IT, governements! #financialliteracy /3…
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Hi there,
Wondering how to start on savings and be consistent at it?

Follow this thread for simple tips how to go about it
#savings #savingculture #financialliteracy #financialwellness
Read 8 tweets

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