How can the salaried class build wealth across generations

This article discusses how the salaried can build wealth across generations. I am passionate about this topic because I have witnessed wealth diminish within my family from generation to generation. I am determined to do everything I can to prevent this from happening in the future. My great-grandfather lived an upper-middle-class lifestyle during the 1940s…

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How to Defeat Analysis Paralysis in Investment Decisions

We discuss how investors can overcome analysis paralysis and confidently make investment decisions. Analysis paralysis is a frequently encountered issue in managing personal finances, impacting individuals in distinct ways. As an illustration, I can swiftly select a mutual fund and invest a substantial amount within 10 minutes. However, when choosing a health insurance policy, I…

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How do I invest an inheritance and pass it on to my daughter?

A reader sent us the following question.  “I’m an aspiring DIY investor and frequently read your posts on freefincal. I have also attended the goal-based learning tutorials on freefincal and found them very useful”. “Most of the analysis and approach I have read is on systematic investment planning. My question is, “How to plan, monitor…

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How to determine the right percentage of your salary to invest each month

Many young earners ask themselves, “What percentage of my salary should I invest monthly? Would 10% suffice, or should it be 20%?” They typically seek a quick and easy way to determine if they’re on the right path and to alleviate any guilt associated with their spending habits. Regrettably, this is one of several flawed…

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Freefincal’s Financial Health Check Tool Added To SEBI Investor Education Portal

A Financial Health Check Tool developed by M. Pattabiraman is now available at SEBI’s Investor Education Portal. A prototype was tested in Jan 2023 with members of the Facebook group Asan Ideas for Wealth, and their feedback was implemented. Later, the SEBI Investor Protection Education Fund Advisory Committee gave further feedback, and the tool has…

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Non-financial aspects of planning for our children’s future

In this article, we consider non-financial aspects of planning for our children’s future. We have already covered the basics of how to be financially ready for college expenses. We shall limit ourselves to “doing well” in school and college although there is ample overlap with all walks of life. Many people have the incorrect opinion…

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