Amit Upadhyaya, a Pune-based corporate executive, has achieved financial independence at age 46. Despite working for a French multinational (Dassault Systemes) for two decades, Upadhyaya does not credit his wealth to a high corporate salary or employee stock options. He sees it as the outcome of investing in the right stocks and funds and holding … Read more
Financial Independence, Retire Early (FIRE) is a popular movement in which people save and invest extreme amounts with the goal of leaving the workforce well before the traditional age of retirement. However, many aspirants struggle to calculate their ‘FIRE number’ – the amount they must accumulate to never have to work again. The calculation is … Read more
This financial tool offers a unique solution for elderly homeowners who may have significant home equity but few liquid assets. However, it also presents challenges and potential pitfalls that must be carefully considered before diving in. Let us explore the concept of reverse mortgages, their potential benefits and downsides in the context of the Indian … Read more
When shopping for everyday items like personal care products and clothing, women often face a hidden cost known as the ‘Pink Tax’. This phenomenon refers to the higher prices charged for products and services marketed to women than those marketed to men. The pink tax is more than just a pricing variation; it’s a reflection … Read more
His early investments, however, lacked direction and focus, Mishra admits. To get some feedback, he anonymously posted his portfolio on Reddit, a community-based platform. A fellow user pointed out that his portfolio was overcrowded with too many mutual funds, prompting Mishra to rethink his investment strategy. At the time, Mishra had 14-15 mutual fund schemes … Read more
Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding considerable financial discipline and sacrifices, particularly for those early in their careers. Also, medical expenses can significantly deplete retirement savings, especially in the … Read more
In India, where the traditional joint family system is evolving, and the burden of elderly care is increasingly shifting to individuals, retirement planning has become even more critical. Yet, many Indians remain unprepared, prioritizing current expenses over future security measures. A 2020 survey by PGIM Mutual Fund revealed that the majority of Indians prioritize immediate … Read more
Maheshwari is very hands-on with his investing. He prefers monthly lumpsum investments in mutual funds to systematic investment plans (SIPs). He is also very conscious of the cost of investing. He aims to bring this down by making all his fresh investments in direct plans of mutual funds. He also wants to increase his exposure … Read more
The financial independence of women is described by the term fiscal feminism and it is becoming popular in India. This term represents women’s freedom in terms of money, especially those who are mothers since they are defying traditional barriers and redefining their roles within the financial sector. The emergence of fiscal feminism India has experienced … Read more
Have you ever stopped to think about where your earliest lessons in money management came from? While we often seek financial education from external sources, the most impactful teachings often originate right at home, courtesy: our mothers. Our growing up years are filled with images of a small piggy bank, mom’s old purse with a … Read more