How Procrastination Affects Your Finances A recent study suggests that procrastination is the outcome of present-biased preferences, it affects your finances. Have you ever noticed how children do chores if you promise to buy them chocolates? That’s how the human mind works. Unless there is instant gratification, doing work is not very appealing. Instant gratification
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What are REITs and InvITs? Let us first understand what REITs and InvITs are. Real Estate Investment Trusts (REITs) invest in and manage commercial real estate. They earn rental income from their investments, which they pass on to their investors. Investors also profit from capital appreciation in the underlying assets. REITs have to distribute 90%
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Money Lessons from Boris Becker & Mike Tyson Tennis star Boris Becker and heavyweight boxing champion Mike Tyson have a lot in common. Boris Becker was the youngest champion to win the men’s singles trophy at Wimbledon at the age of 17. Boris Becker was also the youngest winner of a Grand Slam title in men’s singles. Mike Tyson became the youngest heavyweight boxing champion at the age of 20. And, both Mike Tyson and
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Financial Independence vs Regular Retirement 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. And, for early retirement, reaching financial independence is the key. In
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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
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Stand-in Finance Minister Piyush Goyal presented the interim budget on February 1, 2019. It proposes tax breaks and sops that will have a positive impact on your finances. The new government that takes charge after the approaching elections will present a full budget. The interim budget proposes sops for the middle class, farmers, and unorganized
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Here is a list of Mutual Fund myths that you should be aware of… Very few people realize that investing in mutual funds for the long term is one of the smartest and safest ways of building wealth. Commonsense, discipline and patience are all you need to create a large corpus by investing in mutual
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Here are the details that you should be know to become a Registered Investment Advisor (RIA) in India, Before SEBI RIA regulations, anyone could start working as an investment adviser. Therefore to protect the interests of investors, the capital markets regulator SEBI introduced the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013. These
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Here’s Why and How of Systematic Withdrawal Plan (SWP): With a Systematic Withdrawal Plan (SWP), you can withdraw a chosen sum of money from a mutual fund at specified intervals. The intervals relate to a fixed date of every month/once in every two months or every quarter. [MMS_EBOOK] You may initiate an SWP to fulfil
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Here are few differences about New Pension Scheme (NPS) Tier 1 vs. Tier 2: In a country, whose citizens still lag behind in retirement readiness, and frown upon the mandatory contribution to the Employee Provident Fund (EPF), the introduction of a pension plan, where the contribution was voluntary, raised many eyebrows. Experts were sceptical
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