Inflation

Inflation is there and it force everyone to increase one's own income. At present it is said around 7%0Inflation is there. It means things are costly at rate of 7% per year. If a thing can be purchased at Rs 100 then same thing will come at Rs 107 next year. 

So if you are keeping your money in bank where you are getting 7 % 0interest  then actually you are just maintaining your purchasing power but when you pay the 

tax on the interest then you are losing your purchasing power. 

Therefore investment must be

 in such options where you get more return then rate of inflation. 

Options are available to beat the inflation are , one should invest in

Mutual Funds

Share Market

Property

Gold

Bonds

FDs..... etc. 

If one does not invest for maximum return then his money will not grow and one's financial conditions will not  improve. So invest wisely to

 beat the inflation. These are

 my views, you can consult your financial advisor regarding inflation  also. 

Read More

Financial Knowledge

 

   

Financial Knowledge is essential why? 

Financial knowledge is essential because status of our life depends on financial conditions. If financial condition is sound then one's life may be better but financial conditions become good by financial knowledge. 

Financial knowledge includes many factors like

Knowledge of investing options. 

Knowledge of how to increase money. 

Knowledge of importance of money

Knowledge of how long one should be invested. 

Knowledge of different 

investing strategies. 

... are some basic things about financial knowledge. 

Financial knowledge also includes

Having  emergency fund. 

Having  term insurance

Having  medical insurance

Having wish to  enhance our skills. 

Having  clear vision about saving and  spending. 

Financial knowledge is the knowledge which must be gained by everyone. If one has

 to pay some fee for financial consultation then also one should go through this. 

By having updated financial knowledge we can improve our quality of life, because  now a days to increase income is not easy and value of the money is going down because of inflation. Only way to increase our wealth is having knowledge of finance. 

By financial knowledge one learns the art of growing money without pain and without cut of our daily essential expenses. 

This is what I think and what is my knowledge. It is up to you whether you like it or not. So use your distinct and consult of your financial advisor. 

Read More

Financial Literacy

 

Financial Literacy? 

Financial literacy means 

Understanding the importance of money

Understanding the methods of growing money

Understanding of maintaining the financial status

Understanding of increasing passive income

Understanding of increasing  active income

Understanding of new updates regarding money. 

.... all these are related to financial literacy. 

Nowadays financial literacy is very important to improve financial status. 

Ways to improve financial literacy

By taking advice of any financial advisor

By going through some financial related courses

By watching some financial channels

By going through financial you Tube channels

... so there are many ways to improve financial literacy. 

Benefits of financial literacy. 

Aim of financial literacy is to earn money. 

To grow one's own money. 

To improve our financial status. 

To lead life comfortably

To have strength to fulfil our dreams. 

To enjoy the things which are expensive. 

.... so there are n number of reasons to have financial literacy. 

Read More

Financial status

 Financial Status

Financial status is important because financial status matters a lot. If one's financial status is sound then one can lead one's life comfortably. If financial status is not sound then there is always worry about to arrange two times meals. 

But how can one improve one's financial status? The answer is easy that by working hard , but it is not that much easy. Everyone works hard but only few are able to achieve good financial status. 

Because by working hard one can earn money but to achieve sound financial status one should work smartly. One should know the art of increasing money. If one is knowledgeable enough to increase one's money, then only one can get sound, good financial status. 

To grow money rapidly one shoul know some investment techniques, like

Investment in Mutual Funds

Investment in Equity

Investment in real state

Investment in gold

Investment in start up

.... By investing properly one can generate wealth but one should know the art of increasing one's active income also. 

To increase active income one should invest in oneself because until you grow your skills, you won't learn how to grow one's active income. 

To grow one's active income one should pay attention on one's skills. Try to explore different niches to earn more. One should pay attention on new ways to earn money as well as saving the money. 

Read More