A collection for you of valuable tips in Personal financial management, Each tip is important to take you towards wealth creation.
ARB FinTip
Medical reimbursement insurance and medical benefit insurance is
different, Go through the details before buying one, medical reimbursement
insurance is must. It helps you to protect your created wealth.
ARB FinTip
Retirement is a long term goal, take a
calculated risk while planning to create a retirement nest. Long term debt may
not be a good option.
ARB FinTip
A scientific and structured personal financial management has an ability to make your life stress free.
A scientific and structured personal financial management has an ability to make your life stress free.
ARB FinTip
In the process of wealth creation it is important to have a knowledge of saving tax. Wealth creation process should start with Tax saving.
In the process of wealth creation it is important to have a knowledge of saving tax. Wealth creation process should start with Tax saving.
ARB FinTIp
Debt instruments are useful for short term goals and to keep reserves, at any given point of time you should have a allocation of some part of your wealth in Debt instrument.
Debt instruments are useful for short term goals and to keep reserves, at any given point of time you should have a allocation of some part of your wealth in Debt instrument.
ARB FinTip
Give each investment its own time to grow and give you a result, never expect results prematurely, it may result in mismanagement of investment portfolio.
Give each investment its own time to grow and give you a result, never expect results prematurely, it may result in mismanagement of investment portfolio.
ARB FinTip ( 6AUG2012)
Taking direct control on your cash flows i.e. knowing your income and expenses is the first important step in money management, unfortunately most of the individuals Don't.
Taking direct control on your cash flows i.e. knowing your income and expenses is the first important step in money management, unfortunately most of the individuals Don't.
ARB FinTip - 8Aug 2012
Create your own wealth so that you have to depend little on bad loans.
Create your own wealth so that you have to depend little on bad loans.
ARB FinTIp (10Aug2012)
If you are not going to study on your own about financial market, Mutual funds are the better option to you for investment.
If you are not going to study on your own about financial market, Mutual funds are the better option to you for investment.
ARB FinTip (12Aug2012)
Bank FD and RD is a good option of investment if your goals are short term.( less than 3 years.), Stay away from equity market.
Bank FD and RD is a good option of investment if your goals are short term.( less than 3 years.), Stay away from equity market.
ARB FinTip (13Aug2012)
Equity market is attractive now, Start long term SIP in Equity MF's, other wise you may have to regret after 5 years.
Equity market is attractive now, Start long term SIP in Equity MF's, other wise you may have to regret after 5 years.
ARB FinTip (16Aug2012)
Keep 6 months expenses as an emergency fund in your savings a/c. This amount will protect you and your career.
Keep 6 months expenses as an emergency fund in your savings a/c. This amount will protect you and your career.
ARBFinTip (17Aug2012)
Scheduling and tracking your expenses has a potential to save your 10% of expenses. Don't beleive me TRY it.
Scheduling and tracking your expenses has a potential to save your 10% of expenses. Don't beleive me TRY it.
ARBFinTip (20Aug2012)
Consistency is an important attribute in wealth creation process.
Consistency is an important attribute in wealth creation process.
ARB FinTip(22Aug2012)
Free Personal financial management advice may be injurious to your
financial health. Take care.
ARB FinTip(23Aug2012)
Before signing any application of financial products from the market pl
take a time to look at features, Benefits and terms & conditions. If you
are signing without reading you deserve to be cheated.
ARB FinTip (24Aug2012)
Medical benefit plan is not a replacement to Mediclaim .
Mediclaim is must.
ARB FinTip(25Aug2012)
The best investment in this world is investing in self. You are the
biggest asset for your self. know your true Value.
ARB FinTip(25Aug2012)
The best investment in this world is investing in self. You are the
biggest asset for your self. know your true Value.
ARB FinTip (27Aug2012)
If you want to become wealthy your investments overall percentage
returns should be more then rate of inflation. If not your are not growing your
asset it is reverse even if it is growing amount wise.
ARB FinTip(28 Aug2012)
When it comes to pre-payment of the loans the loans with high
interest rate should get a priority. this will result in reduction in Interest
burden and optimization of cash flow.
ARB FinTip
Negotiating in a skilled way is a art which you have nurture
to be wealthy. This will save your cost and add to wealth creation :)
ARB FinTip (30Aug2012)
Patience is a very important attribute in the process of wealth
creation. You should know when and how much to expect from the
investments.
ARB FinTip (31Aug2012)
Hanging up with loss may keep you away from the wealth creation
opportunities, so come out of loss and invest it in profit making opportunity.
About the author : Ashish Ramesh Bhave is a CERTIFIED FINANCIAL PLANNER, focused and specialized in financial planing for individuals and families. Can be reached at arbfinancials@gmail.com or Cell : 08793107044
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