Discover and read the best of Twitter Threads about #savings

Most recents (24)

To all of you who are new to the workforce… Congratulations!!! You have secured your first job.

But are you confused about how to best use your current salary? (1/n)

#salary #cashflow #payday #money
Most people complicate things. It is only natural when there are so many investment products to choose from. That need not be the case.

Here are some simple tips for someone just starting! (2/n)

#equity #fixedincome #gold #realestate
#1 Start Building an Emergency Fund

This should be your first priority. In case of emergencies, you shouldn't be left empty-handed.

Having 3-6 months of expenses set aside will be optimal. (3/n)

#emergencyfund #savings
Read 16 tweets
For an #economy to flourish, and create #prosperity for the majority of participants, there must be a strong and vibrant #middleclass. Today's #blog digs into the disappearance of the economic engine.
realinvestmentadvice.com/there-really-i…
The shrinking of the middle class is accompanied by an increase in the share of adults in the upper-income tier from 14% in 1971 to 21% in 2021. At the same time, there was an increase in the share who are in the lower-income tier, from 25% to 29%.
realinvestmentadvice.com/there-really-i… Image
Most importantly, and what is often not included in the analysis, is the standard of living gets “paid for” on an “after-tax” basis. When we include taxation, it becomes clear that roughly 80% of America is failing to support the “middle-class” lifestyle.
realinvestmentadvice.com/there-really-i… Image
Read 6 tweets
Decided to copy and paste information regarding @thecsp and @The_HCPC information and fees that I have gathered for our staff, physios and HCPs to ensure they are informed with options available to them, A Thread 1/ #CostOfLivingCrisis
Both the CSP and HCPC have released statements regarding fee increase causing some chat on #twitter

csp.org.uk/news/2021-05-2…

csp.org.uk/news/2022-10-0…
In terms of real numbers this may mean
HCPC moving to a fee of over £215 and CSP to £421
So around £45 a month to come to work 2/
There are some ways to help with costs including claiming tax back on fees hcpc-uk.org/registration/y…

And other information about claiming is found csp.org.uk/frontline/arti…
and
gov.uk/tax-relief-for…

📈📉#savings 3/
Read 11 tweets
#Banks raking in #billions by not to passing on #benefits of rising #interestrates
Britain's biggest banks have not passed on the gains of interest rate risers to #savers, earning them billions.
thelondoneconomic.com/politics/banks…
#ToryEconomics #ShellGame #Economy #bubble
/2 According to The #Times, the latest results of #Barclays, #HSBC, #Lloyds, #NatWest and #Santander show they held as much as £673.5 billion in cash and balances at central banks at the end of June.

Most of this is expected to be held at the #bankofengland
/3 analysts said, where it is earning interest at a 14-year high of 1.75 per cent.
If the £673.5 billion was held at the Bank for a year at the present rate, it would earn the five biggest banks £11.78 billion in #interest.
Read 5 tweets
The Inflation Reduction Act includes a 15 percent corporate minimum tax, drug price controls, IRS tax enforcement, and a tax hike on carried interest to pay for increased spending on energy and health insurance subsidies as well as deficit reduction.

[THREAD]
The on-again-off-again negotiations over the proposed #BuildBackBetter tax increases on corporations and high-income earners appears to be… on again.

Sen. Joe Manchin (D-WV) is now expressing support for something called the #InflationReductionAct. (2/9)
Next week, the Senate is scheduled to begin voting on a reconciliation bill that may put all of the #BuildBackBetter tax and spending increases on the table. (3/9)
Read 9 tweets
#Indians are #saving more and working longer hours to meet living expenses, says study

businessinsider.in/india/news/ind…

By @karunasharmaa Image
Urban #consumers are putting less money into their piggy banks as #savings have taken a hit due to increasing prices of fuel, food and beverage and massive household bills.

#inflation
For 76% of urban #consumers, the rising cost of living is having an impact on their big plans, said a report.

35% consumers said that their household financial situation is deteriorating and 46% of them believe the general economic outlook of the country is negative.

#inflation
Read 6 tweets
13 days until launch.

Picking up from where I left off yesterday.

There are a couple more stories that I wish to tell.

Before I regale my first experience in an electric vehicle.

1/14
So please bare with me.

These are all important parts of the Pangea jigsaw...

I studied Economics, Maths and Physics at A-level.

The Physics A-level syllabus in the late 90s was pretty dry.

2/14
But we were blessed with an amazing teacher.

Who would teach in tangents.

His stories, insights, and anecdotes were incredibly rich in context and variety.

3/14
Read 14 tweets
14 days until launch.

Let's go back to the beginning, the very beginning.

Where did the inspiration for Pangea start?

While at a school desk in a Hong Kong classroom in early 1991.

The first Gulf War created a number of concerning headlines in Asia.

1/6 Image
Most shocking of which to my 8 year old self...

...when Iraqi troops started dumping oil into the Persian Gulf to stop a US coalition-led water landing on their shores.

Approximately 4 million barrels of oil.

2/6
Creating an oil slick of 4,000 square miles up to five inches thick.

My short protest poem was printed in our school magazine that year.

I can still see the images of birds stuck in the oil slick and the beaches stained black.

3/6
Read 6 tweets
#Financial #Literacy begins at home.
Teach your children to save coins, and small notes, inside a locker, or some other toy which imitates a treasure chest.
Once they do that, they will be careful with spending and saving for the rest of their lives.
Awareness matters!
When I was a kid, I remember banks visiting my school to open student #savings accounts.
They used to give students #passbooks, which operated as cheque books.
Parents were cosignatories.
That is how I developed a passion for saving money.
Most of the developing economies fail to grow well because they have a savings crisis!
They need to import #capital from overseas to fund development projects and fix the gap between investment resources.
SE- Asian Nations have done well because of a high domestic #savings rate.
Read 5 tweets
Now is the time to be bullish on #gold #silver and #preciousmetals Many experts like @antonioatanasv @SilverChartist @RealRickRule or @TaviCosta has been bullish on #preciousmetals but I truly believe that NOW is the time!👇🧵 1/15
We are in at the begging of an inflationary decade. January #CPI rising at 7,5%, we need to look at previous inflationary periods like the 40s and the 70s. 2/15
Those periods were very different, at the 40s the governmental debt was high due to #WWII but in the 70s the corporate and private #debt was much important and this effect to the monetary decisions of the #FRED 3/15
Read 15 tweets
#Budget2022 wish list:

Congratulations to @nsitharaman and @PMOIndia to guide our country thru this #pandemic period. You have avoided excesses of many countries during this period. Thanks to that #India is touted as the next preferred #investment destination.
It is dream of our Hon #PMModi to reach $5 trln economy very soon. For that, besides Govt spending, you will need help from citizens to save, invest and channel the same to productive use through investment vehicles like Mutual Funds.
Our #MutualFund Industry has grown from 25 lac crs to currently 37 lac crs and likely to touch 100 lac crs.

#MF mobilizes #savings of all #Investors - #retail, #HNI, #Institutional and helps in growing our economy by participating in #Debt and #Equity - key drivers for growth
Read 15 tweets
1/ Hello Frens and fellow #LUNAtics at @terra_money, @anchor_protocol, @pylon_protocol, @gtcapital We are excited to introduce SAYVE PROTOCOL sayve.money, the first education saving and earning protocol with an AI-powered #Learn2Earn mechanism, built on Terra! #edtech
2/ SAYVE's main mission is to fight against education inflation and provide a meaning and sustainable finance option for all parents and students. #inflation #collegesavings #IRA #529 #tuitionpain
3/ SAYVE protocol consists of three mechanisms: #Savings, #Learn2Earn, and #TerranautJumpstart. Let's take a quick dive into each respective mechanism to see how SAYVE can help parents and their children prepare for that hefty education cost.
Read 11 tweets
Anyone perusing the top articles of major media outlets last weekend would have read several pieces on the extraordinary #shortages being witnessed in the U.S. #economy today, and particularly those in the #labor market.
The tone of many articles was pessimistic, suggesting that the #supply-side #shortages and dislocations may be systemic, or long-term, but we think there’s evidence that the U.S. #economy will display considerably greater dynamism and resilience than the pessimists believe.
First, it’s vital to recognize that this is a #supply constraint problem, not one of #demand. Indeed, strong demand is being driven by a host of powerful influences: 1) household balance sheets never been cleaner and HH #wealth is $25 trillion greater now than pre-Covid level.
Read 12 tweets
When I speak to couples who are weeks away from their solemnisation, many of them admitted that since they got engaged, and as their impending wedding day is around the corner, they have argued A LOT more than usual.

Both parties are feeling the stress of the big day..
Sometimes they’re stressed because of the last minute changes to their event. Sometimes it’s their inability to decide on a matter fast enough.

And sometimes it’s due to outside interference & influence, like family who add on to the pressure of needing to keep everyone happy.
And then there’s money. Fear of not having enough. Working overtime, or double jobs, leading to fatigue, which then opens the door to more unnecessary fights.. and on and on and on..

Here are some tips for couples to consider to reduce the stress they’re facing:
Read 7 tweets
Thread: 🚨 #EPF ALERT!

Is your contribution > Rs 2.5 lakh?

You must know about the new #PF (Provident Fund) rule.

New PF rule decoded. #EPFO #ProvidentFund #EmployeeProvidentFund #Savings Image
🚨 #EPF ALERT!

Is your contribution > Rs 2.5 lakh?

You must know about the new #PF (Provident Fund) rule.

New PF rule decoded. #EPFO #ProvidentFund #EmployeeProvidentFund #Savings Image
🚨 #EPF ALERT!

Is your contribution > Rs 2.5 lakh?

You must know about the new #PF (Provident Fund) rule.

New PF rule decoded. #EPFO #ProvidentFund #EmployeeProvidentFund #Savings Image
Read 4 tweets
Today’s personal income and consumer spending data for June reaffirm our view that the reopening continues to drive a powerful #restart — and there’s still room to run. 1/4
In the #services sector, particularly #leisure and #hospitality — which bore the brunt of lockdowns and restrictions — the #spending splurge continues as consumers make up for lost time. But spending is still a little more than 3% below its pre-pandemic level in real terms. 2/4
On top, consumers still have a large war chest of accumulated #savings, a good share of which we expect to be deployed over coming quarters, further strengthening the restart. 3/4 Image
Read 4 tweets
There are essentially three key ingredients for building wealth - Savings rate, Time & Returns

Out of these, most of us spend the maximum time & effort on improving the third ingredient – RETURNS

But, there is however a small underrated problem here..

#FIThreads

+
The returns are NOT completely under our control!

Look at the equity returns in the past four decades…

+ Image
Let us check the debt returns for the past four decades…

+ Image
Read 10 tweets
Daily Bookmarks to GAVNet 06/16/2021 greeneracresvaluenetwork.wordpress.com/2021/06/16/dai…
How to Make Sense of Contradictory Science Papers

nautil.us/issue/100/outs…

#SciencePapers #contradiction #SenseMaking
College Didn’t Create Today’s Social Justice Warriors; Middle and High School Did.

medium.com/age-of-awarene…

#SocialJustice #youth #SchoolCurricula #skills #content
Read 8 tweets
Daily Bookmarks to GAVNet 05/18/2021 greeneracresvaluenetwork.wordpress.com/2021/05/18/dai…
To make particles flow more efficiently, put an obstacle in their way

phys.org/news/2021-05-p…

#ParticleFlow
Researchers find order in a process previously assumed to be random

phys.org/news/2016-10-r…

#order #randomness
Read 10 tweets
Started reading again " Let's talk money" by @monikahalan which explains about money management in indian context. ImageImage
"Our money worries usually centre around finding the best return on investment. But there is a lot more to Financial fitness than just investments. We need a system and not a single-shot solution. "
We worry about investment the way we worry about our weight. Instead of dieting or investing being a habit, we only think of them as remedial measures when our weight or our bank balance goes too high or low.
- Foreword by @NandanNilekani
Read 55 tweets
How to Buy a Car without a Loan? Read on...

1. Get the price of your favorite car (Assume 10 lakhs)
2. Find out what's the EMI payable for that car for 3 years (₹31,336).
3. Start saving that amount and invest it diligently for 3 years
(for people who think #3 it's not possible, imagine that you have already got a loan and imagine that bank is debiting that EMI from your account. Would you be giving any excuses then???)
4. After three years, you would have around ₹13 lakhs (at 10% growth in Index funds).
5. Your choices after 3 years.
(a) Buy your favourite car (new) for the entire amount (₹13 lakhs).
(b) Buy a used car of the same model for half the price and invest the remaining (₹6.5 lakhs)
(c) Buy a used car (luxury), a segment above for the entire amount (₹13 lakhs)
Read 6 tweets
🚨*𝐍𝐈𝐄𝐒𝐑 𝐁𝐮𝐝𝐠𝐞𝐭 𝟐𝟎𝟐𝟏 𝐂𝐡𝐚𝐫𝐭𝐩𝐚𝐜𝐤* 🚨

All you need to know ahead of next week's #Budget in one... THREAD 👇

1/19
#CovidEconomics
#BudgetSpeech2021
#EconTwitter
The #Budget2021 comes at a critical time when the UK is in the middle of battling the #pandemic and the economy is substantially weakened with uneven effects at industry, household & region level.

Read the economic context to #Budget2021 here 👇

2/19
niesr.ac.uk/publications/u…
We project the UK economy to contract again in 2021Q1 due to the second wave and the winter #lockdown as well as the effects of post-#Brexit adjustment, bringing #GDP to some 11% below pre-#pandemic levels

3/19
Read 19 tweets
Thread 🧵on Types of #LifeInsurance Policies in India

Must read for everyone, especially youngsters....

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

#InvestmentPlanning Image
As promised earlier, I have made this tread explaining basic types of #LifeInsurance policies in #India

1. Term Insurance
2. Endowment Insurance
3. Whole Life Insurance
4. Money-back Plan
5. ULIP

Tweets below will explain all these types of Life Insurance Policies ... 👇👇👇 Image
1⃣ Term Insurance - It is for a specific period of time and has lowest premium among all types of insurance plans.

Premium of #TermInsurance policy once fixed does not increase during term period of the policy.
Read 12 tweets

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