Investing can be challenging, one will get lots of advice and suggestions regarding investments but it is the investor’s duty to differentiate what might be noise and what might be the voice, and between the chaos of noise vs voice it is important to make sound investment related decisions but having a long-term investment plan […]
Mango Tree: Investment in a mango tree is like planting a sapling that requires years of nurturing and patience to bear fruit. Similarly, long-term investments in equity products may take time to yield significant returns but can provide consistent growth over time. “Patience is a virtue in investing. The best returns are often found by […]
Investing is allocating money to assets with the view of improving your future. One does invest for better portfolio returns and to increase the amount invested to a larger amount. Investment decisions are frequently more specific, and investments are made to achieve a predetermined goal. Setting investing goals is traditionally thought to help provide clarity, […]
Congratulations, young adults, you’re officially part of the financial jungle! As you make your way through the world, you’ll encounter two crucial concepts: saving and investing. These financial tools can seem daunting, but with a little bit of guidance, you’ll be on your way to building a strong financial foundation that will last you a […]
Learning personal finance is crucial for young adults as it can impact their financial future. This guide aims to provide a comprehensive understanding of personal finance basics for young adults. Budgeting: The First Step in Personal Finance Firstly, this is the first step in managing personal finance is budgeting. Budgeting helps allocate income to different […]
The digital age in which we live is a historical turning point for Banking and Financial Services. For the first time, we see that people who have opened their eyes to the digital age, that is “GenZ”, are actively shaping how the world works. Of course, the digitization process creates transformative effects for all people […]
Most people grow up without a lot of formal financial education. This is because their families usually have a good understanding of money and how it can be stressful, but don’t focus on it too much. Hence, Financial education is often withheld from kids. Many times parents are unaware of how technology can help kids […]
Financial literacy is low within each of the five generations—the Silent Generation, Baby Boomers, Gen X, Gen Y, and Gen Z—but is the lowest among Gen Z. As per a recent study conducted by the Securities and Exchange Board of India (SEBI), only 27% of the Indian population is financially literate. Financial literacy is generally […]
Financial literacy is crucial for teenagers as the “gig economy” grows, pensions disintegrate, and entrepreneurship becomes more popular. Hence, “Financial literacy is important for teenagers” is the topic of discussion. Keep in mind that the majority of the upcoming generation of business owners will likely be bootstrapping their operations since only a small proportion will […]
Currently, less than a third of the population of India is financially literate. Of these individuals, women in impoverished states make up a disproportionate rate of the financially illiterate compared to men. As financial illiteracy is directly correlated to income levels, it is no surprise that women also live in poverty. The pandemic has further […]