Imagine having a corpus big enough to generate enough money to handle all your annual expenses while still growing to keep pace with inflation for your lifetime! You would then be financially free! Of course you will have to be free of debt as well. You are then ready to retire or work whenever you want!…

Thinking of taking a car loan? Hold it right there! Did you know that the value of a brand new car depreciates by 20% when you drive out of the showroom! Add to this a 15% depreciation in value each year (assuming normal wear and tear) the govt recommends! This implies in the first few…

You can use this calculator to determine the compounded annualized growth rate on your investments like endowment policies, ULIPS, Chit funds or any investments where you have made some payments and received some money either periodically or as a lump sum at the end. You will be surprised how easy it is to calculate this using…

Say you have investment period of 15 years and you want to invest: i)  Rs. 1000 for 3 years @ 10% interest each year ii)  Rs. 5000 for next 5 years @ 8% interest each year iii) Rs. 9000 for next 7 years @ 7% interest each year how much will you accumulate? Find out…

A monthly budget is more than how much is spent on groceries and petrol. Sure, you need to keep track of your total expenses. You also need to keep track of how much you save towards retirement and all your other goals. You also need to check  if your savings are on track year after…

Online financial health checkers usually are based on “personal finance ratios”. read more about them here. There are more useful to the finance professional than to the layman to assess the financial state of an individual. So I made this financial health checker which does not reply in these ratios. In fact you could even…

Several investors often ask if they should stop their investments and wait for the market to cool down or pick up after a sideways market. Or they are waiting for the right time to invest a lump sum or start a SIP. Our short answer is: If you want equity to change your life, don’t…