Fix a day each week, no matter how busy you are, it is absolutely necessary to take out an hour to check on your #finances. Just #investing is not enough. Keeping #Track is important. You need to make a list and note your spendings & #savings.
📚Personal Learning
To raise your financial #awareness, to identify popular avenues to #invest, to be aware of the #Risks associated and to explore new #Asset classes you must expand your #knowledge. Each week dedicate 20-30 minutes to increase your financial consciousness.
🗣️Talk to people you look up to
People are usually secretive about their #finances but by initiating #SmallTalk, you can ask them how they take care of their finances. It becomes easier to learn from someone’s #experience to learn from their #mistakes & not repeat them.
There are times when we need some documents quickly but are unable to find them. Assembling all the documents together, in one place, preferably in #Digital format would do wonders for you.
👨🏫Hire Professionals
One needs to take a lot of #Investment decisions in terms of saving #Taxes, #retirement planning, financing goals, or investing in #realestate. #Hiring a professional can provide you a better understanding or more efficient investments to guide you better.
These five basic techniques can help you to manage your #money better. All you have to do is consider managing #wealth as a priority and invest #Time to do it.
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If you take control of your finances today, then you won’t be a victim of them tomorrow.
To make it simple & give you a good picture of #Investment planning, here is a list of 7 financial calculators (out of 17) by @elearnmarkets to help you plan YOUR finances effortlessly.
💸SIP Calculator
This helps you to calculate the amount you’ll receive at the end of the investment period. It takes into consideration the #sip amount, #Investment period, & the expected #interest rate to calculate maturity amount.
The #Value of an asset is not constant. This calculator helps you to calculate the #future value of a Present Amount after taking into account the rate of return and time period by compounding annually.
We get a ton of requests to meet in person with the heroes of the trading world seen in #face2face at @elearnmarkets
Imagine learning from your favorite traders & seeing them trade live. You trade, network & have fun
Presenting F2F Trading Conclave: An experience of a lifetime!
Best of Face2Face Speakers sharing their experiences in the Live Trading Workshop.
A 3-Day Immersive Trading Experience with the brightest #trading minds in India, who will be coming out of their online media to teach you directly in the live trading workshop at Goa.
Here’s your golden ticket to:-
~Learn & interact directly with the market gurus.
~Strategy sharing with 12 eminent Traders.
~Priceless knowledge & insights.
~Networking Opportunities.
~Accommodation, lip-smacking food & cocktail parties at @novotelgoa!
Gone are the days when people only relied on their #savings for future security.
The cash sitting in your savings account is missing out on earning interest, and it's also vulnerable to #inflation.
So how do you make your money work hard for you? By #investing!
Saving money is important, but it's only part of the picture.
#investments have a higher potential to meet your #Financial goals as they have growth potential due to the power of compounding and the risk-return tradeoff.
But the biggest mistake you could make is to jump right in with your #MONEY before you know what you are doing.
The truth is no one becomes a great #investor without making mistakes, but it’s hard to do it this way because each mistake can cost you big losses.
Being able to identify the signals for price trends in #market is a key component of any #trading strategy, and using Technical Analysis is a popular way to do so.
Here’s a thread on Technical Analysis and how to use it effectively.
#Market Analysis is broadly categorized into two main methods.
~Fundamental Analysis
~Technical Analysis
Fundamental analysts need to look at the financial statements, business model, management & many more things to come up with a fair estimate of a company's value.
On the contrary, technical analysis is not at all concerned with the detailed study of #Fundamental factors.
For technical analysts #Price is supreme and they see price as a manifestation of every #Fundamental reality.
The untimely death of actor @sidharth_shukla reminds us again about the fragility of life.
Losing someone is tragic, but lack of knowledge of what to do with the deceased’s #finances can be an added stress.
Here's what you need to do when you lose your loved ones-
First things First:
Death certificate is a must have. Check if the deceased left behind a will or not. A death certificate helps in closing bank accounts, claiming insurance, selling property of the deceased, or any work related to #banks or financial institutions.
Check if the person had the following and clear its dues:
Credit Card
Loans: Personal, Home, or Car
Debts to 3rd parties