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…
