Personal Finance Blog

7 Money Lessons from Boris Becker & Mike Tyson | My Money Sage

July 9, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Retirement Planning

Tennis star Boris Becker and heavyweight boxing champion Mike Tyson have a lot in common. Becker was the youngest champion to win the men’s singles trophy at Wimbledon at the age of 17. He was also the youngest winner of a Grand Slam title in men’s singles. Tyson became the youngest heavyweight boxing champion at the age of 20. And, both of them went from riches to rags. Get your financial plan done by a Registered Read more...
How will Union Budget 2019-20 impact your finances | My Money Sage

July 8, 2019 | by KishorKumar Balpalli | Financial Planning, Personal Finance, Tax Planning

Finance Minister Nirmala Sitharaman’s maiden budget provides a road map for moving from a $2.7 trillion economy to a $5 trillion economy in the next five years. The budget shows that the government’s focus is on widening the tax base and improving tax compliance. Get your financial plan done by a Registered Investment Advisor. Its FREE, Read more...
Guide to choose the right Debt Fund for your Portfolio | My Money Sage

July 2, 2019 | by KishorKumar Balpalli | Financial Planning, Fixed Income, Investment Planning

A debt fund provides diversification and stability to a mutual fund portfolio. Usually, there is an inverse correlation between debt and equity investments, so when one goes down, the other often goes up. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now A portfolio that includes equity and Read more...
5 risks you should understand before investing in Mutual Funds | My Money Sage

June 25, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Advisor, Investment Planning, Personal Finance

Mutual funds offer many benefits, such as convenience, transparency, liquidity, low cost, flexibility, and diversification, but there are also certain risks associated with it. Indians have always preferred to invest in gold, real estate, and bank fixed deposits. Now, more and more people are opting to invest in mutual funds regularly through Systematic Investment Plans Read more...
5 Lessons that investors must learn from Bikebot & IMA scam | My Money Sage

June 24, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

One thing commendable about financial fraudsters is that they always come up with creative and innovative ideas to lure gullible investors, the regularity of investment frauds has shown how vulnerable our society is to such abuse. The recent expose of two significant investment frauds IMA and Bikebot are a case in point Get your financial Read more...
9 Things to Do When You Get your First Salary | My Money Sage

June 17, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

The first salary and the message that it is credited to your bank account is an exceptional and satisfying feeling for anyone who has just started earning. And, if this is your case, you might have started jumping in joy and excitement, planning to make the day a memorable one. But, hold on there and Read more...
Financial Independence vs Regular Retirement |My Money Sage

June 12, 2019 | by KishorKumar Balpalli | Financial Planning, Retirement Planning

Financial Independence/Freedom is a state in which you have enough wealth to lead your entire life comfortably, without having to work for it. In other words, you would have attained financial freedom when your passive income exceeds your expenses. In this article, we will be looking at regular retirement vis a vis FIRE (Financial Independence Read more...
10 NPS(National Pension Scheme) withdrawal rules that you should know | My Money Sage

June 8, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Retirement Planning

The government introduced the National Pension Scheme (NPS) to provide a regular income to retired people. The NPS offers a range of withdrawal options before and after retirement. Here we will look at the different options for withdrawal from the NPS. Let’s take a closer look at the NPS withdrawal rules that apply to different Read more...
13 Reasons for Indian Rupee Depreciation Against US Dollars

May 11, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

The Indian rupee has been depreciating against the US dollar since 1966, and Here we shall look at some of the reasons why the Indian Rupee (INR) has been depreciating against the US Dollar (USD). The INR is now close to the 70/USD level. Get insights on your personal finance by a Registered Investment Advisor. Its Read more...
6 reasons to secure your Financial plan for kids with special needs | My Money Sage

April 20, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Parents of a child with special needs have to make financial plans for two generations. They need to provide for their own needs and their child’s current and future needs. Planning is necessary for the period when they will not be there to provide guidance and support. “As special needs parents you might not have Read more...