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There is nothing as one size fits all when it comes to creating a wealth pool. It is a long process that requires a lot of commitment, patience, and motivation towards regular investment and saving. Also, one has to keep investing in the returns over and over again to maximize the benefits. Long-term wealth creation needs proper planning. It is vital to create a wealth plan or a savings plan and regularize the expenses and investments accordingly. Once you have a definite financial goal fo...
Tips for Long Term Wealth Creation
According to research, lessons learned early in life help shape people's financial behaviour. While foundational institutions such as schools and colleges frequently provide a level of awareness toward financial education, it is the responsibility of parents to sow the seeds of financial literacy and practises as well. Understanding the difference between savings and investments, as well as getting an early start on retirement planning, can go a long way. While parents can teach their ...
Best financial tips a father can share with his kids
From shopping to food to buying insurance, people have switched to the internet. Going online has remarkable benefits. The most obvious benefit to buying online term insurance plans is that you can study and analyse all the data and make an informed decision. While digital India continues to stride forward, here are some more reasons why you should also opt for an online term plan. Compare and buy - When you buy a term insurance plan online, you get th...
In this digital era, here`s why you should go for online term insurance plans
Anish had everything going well in his life. He had a good job, a home and he invested regularly. But one day, he got a call from his brother, who said he needed Rs 2 lakh immediately. Anish had no idea where he would get Rs 2 lakh from because his savings account did not have so much money and the rest of his money was invested in medium- and long-term investments. In short, while being prudent and smart with his investments, he had not factored one crucial component: the contingency fund. ...
Why you need a contingency fund and what is the best way to save for it
Investment decisions are among the most critical decisions of life. They not only do support your long-term and short-term goals but also serve as cover against unforeseen circumstances. One such important financial decision is to invest in a long-term savings plan. There are plenty of options available in the market you can choose from to invest in. However, before you make your final investment decision, there are a few things you need to consider to make the right and informed decision. ...
Find out the 5 Best Long Term Investment Options in India | PNB MetLife
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