Vineet Patawari Profile picture
Sep 1, 2021 7 tweets 7 min read Read on X
💰Life is much easier when you have good #Financial skills. The right allocation of your hard-earned #money is as important as earning it.

🧵In this #Thread, I have shared 5 #simple ways to
manage your money better.
📅Take out a money #Date each week

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.
📃Maintain #records

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.

If you find this insightful, do share it by retweeting the first tweet of this thread.

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More from @vineetpatawari

Feb 29
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. Image
💸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.

Check out:
elearnmarkets.com/sip-calculator
💸Future Value Calculator

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.

Check out: elearnmarkets.com/future-value-c…
Read 8 tweets
Mar 31, 2022
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!

The lineup is given below.
Read 20 tweets
Mar 31, 2022
Some quick tips on the last day of the financial year for #taxsaving

1. Get additional 50K deduction by investing in NPS. You can pay via your credit card as well.

Read more - elearnmarkets.com/school/units/t…
2. You may do tax loss harvesting- sell shares at loss to & offset it against gain already booked. Reduces tax on STCG.

Read more here - elearnmarkets.com/blog/avoid-hig…
3. Tuition fees paid for 2 kids is allowed as deduction u/s 80C.

Ensure you exhaust 150000 limit of 80C. To know where all you can invest check - elearnmarkets.com/school/units/t…
Read 6 tweets
Nov 25, 2021
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.
Read 13 tweets
Oct 27, 2021
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.
Read 19 tweets
Sep 4, 2021
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
Read 7 tweets

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