You should always remember that the cost of delay in investing is enormous. Even one year makes a huge difference. "Now" is the best time to begin investing for your long-term goals.
Let us compare the terms with the help of practical scenarios- Saving vs Investing Illustration, in this article. Go for saving instruments for short-term goals and use investing instruments for achieving long-term goals.
This article will answer your biggest question of Why Should I Have A Financial Plan and will explain the wide importance of finanacial planning.
Remember Mike Tyson, who earned WBC heavyweight championship when he was just 20 years old. This astonishing boxer earned more than $400 million in his 18 years long career but declared himself bankrupt in 2003 with heavy debt on him. Knowing and following some personal finance rule can do wonders to your financial well being. … Continue reading 50/30/20 rule of Tracking Budget
In India, the top banking investment options are a savings account, a fixed deposit and a recurring deposit. Many people are usually confused about saving accounts, fixed deposits, and recurring deposits.