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…
Continue reading →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…
Continue reading →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…
Continue reading →Are you close to retirement (~ 10 years or less)? Do not intend to change your job before retirement? Then this calculator would suit you perfectly! Go ahead give it a try. Most retirement calculators are designed for young people. The main aim is to output the monthly investment needed. For a middle-aged person this…
Continue reading →Retirement planning is a complicated financial goal. When you save for a new car, exotic holiday or even for the education of your children, all or most of the accumulated corpus would get spent when the time for the goal arrives. So it is easier to calculate the corpus required for such goals. When it…
Continue reading →If you have used my financial health checker, chances are you might be disappointed because the amount you need to save is probably higher than the amount you can save. Stop Worrying ! Thanks to this new goal optimizer, you can now optimize the amount you need to save by 20-30% (typically)! So doesn’t make…
Continue reading →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…
Continue reading →All of us have dreams and goals. Unfortunately for most of us the total monthly investment required to achieve these goals is a little too much. The reasons for there are many: we don’t earn enough, we spend a lot, we have a lot of outstanding debt etc. etc. Read this article by Sanjay Dixit…
Continue reading →When you make a financial plan/calculation you usually assume some inflation rate and interest rate. However, there is no guarantee that these rates will be the same as the ones you assumed. If actual inflation was lower and actual interest rates higher, great! Well you know that is a pretty rare scenario. What is likely…
Continue reading →Can you become financial independent and retire in 5 years? I came across the Early Retirement Extreme blog sometime back. Dr. Jacob Lund Fisker is a theoretical physicist who became financially independent in 5 years by saving upwards of 75% of his take-home pay. He has also written a book about how he did it….
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