This blog is to explain at a very high level, how a financial plan is created. The steps involved and the analysis required at a high level in creating a financial plan. There is a lot of risk involved in the DIY Financial Plan, I believe the benefits to a larger crowd outweighs the risk…
Our group which normally discusses about Investments and financial planning, had an interesting question last week. Are there any tips while taking a home loan? This WhatsApp discussion in our group generated lots of ideas. Overall the different points we discussed could be classified into four categories. 1) Insurance 2) Negotiation 3) Resetting of interest…
The previous blog here talked about how an Emergency Fund is the fail safe to create a financial plan. There were couple of friends, who pointed me to write about other pre-requisites. So what are the “Pre-requisites in creating a financial plan”? Do we drive just because we know to drive and have a helmet…
I always think what is the first step to create a financial plan?Also have been asked my opinion on this question by many times by friends. Before we answer the question, let us take a step back. For any plan to work, the plan should have a “cushion” to take care of emergencies. The “helmet”…
This is a question I asked a few folks when I started investing. And this is also a question which to this day, continues to be asked. How many mutual funds should I invest in? I consider the below factors to arrive at a number. As you would have guessed, this is a pretty subjective…
I recently talked to a friend, who is running a Telecom business. The point he made was that his cashflows are highly infrequent and spread out. The exact opposite of a regular empoyee who has frequent cashflows in the form of salary each month (or periodically). His concern was that how could he be systematic…
One big worry, I have heard from many retirees are the surprise cashflow needs life throws at them (and they dont have a salary). The conversation made sense to me – I dont have my regular cashflow in terms of salary, but I can get the same surprise needs for which I never planned for…
How I am closing a home loan, with a simple trick? At the beginning of 2018, I had close to 36L home loan left on my flat. By 3rd quarter of 2023, I am closing the home loan entirely with some simple tricks. I just wish, I knew this “power of decelerating” much earlier. Thanks…
EPF Passbook should be checked yearly to ensure that our contributions are reflected Correctly. EPF passbook viewing option was down for a last few weeks and it is up again now. You can now check your EPF passbook. What exactly has changed in the passbook that warrants us to check? The EPFO changed the rules…
Sovereign Green Bonds are bonds issued by GOI and proceeds to be invested in Green Infrastructure Projects.
