Retirement is one of the biggest financial milestones in life. While many people dream of a stress-free retired life, few know exactly how much money they need to achieve it. The key is to plan ahead and calculate your retirement corpus based on your expected expenses, inflation, and investment returns. In this post, I break down the steps to estimate your retirement corpus, … [Read more...] about Retirement Planning: How to Calculate Your Ideal Corpus
personal finance
How the 80/20 Rule Can Revolutionize Your Personal Finances
The 80/20 rule, or the Pareto Principle, states that 80% of results come from 20% of efforts. In personal finance, this principle highlights that a small percentage of your financial habits or actions can have a massive impact on your overall financial situation. Here’s how the 80/20 rule can be applied to your personal finance management with examples relevant to the Indian … [Read more...] about How the 80/20 Rule Can Revolutionize Your Personal Finances
What Is Financial Freedom? How To Achieve It?
Financial freedom is a term that resonates with people across various walks of life. At its core, financial freedom means having enough financial resources to support your desired lifestyle without being dependent on active income. It is about reaching a stage where your savings, investments, and passive income cover your day-to-day expenses, leaving you free to choose how to … [Read more...] about What Is Financial Freedom? How To Achieve It?
Understanding the Basics: What is Personal Finance?
Imagine this: you've just landed your dream job, and the congratulations haven't even stopped! But amidst the excitement, a tiny voice whispers, "How will I manage all this money?". If this sounds familiar, welcome to the wonderful world of personal finance! What is Personal Finance? Think of personal finance as the fitness plan for your money. It's about taking control, … [Read more...] about Understanding the Basics: What is Personal Finance?
Early Retirement | Is It Worth The Hype? What are the pros & cons?
Early retirement is doing a lot of buzz these days. People from various sectors are so much attracted to this concept of retiring early. This concept of early retirement also has a cool phrase attached to it - Financial Independence, Retire Early (FIRE). This term actually denotes a movement that involves a strictly frugal lifestyle accompanied by rigorous savings and … [Read more...] about Early Retirement | Is It Worth The Hype? What are the pros & cons?
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