Readandinvest

In today's world where anything and everything is available online, many of us have become shopaholics without even realizing it.The ease of financial transactions, with freely available credit cards, is partly responsible for this addiction. We purchase many things without thinking about the actual requirements. Many of these online purchases will be lying idle at our homes with absolutely no use or value to anyone.We got to remember it's our hard earned money.How to come out of this addictive habit?..There is a solution.Human psyche is such that once we do something repeatedly, it becomes a habit over a period of time.So instead of indulging in compulsive shopping, why don't we indulge in compulsive investing?!...The benefits of becoming an investoholic (a cumpulsive investor) is manifold.first,Its a productive use of our money. Second,It will slowly become a habit that actually ensures our financial security and makes our future secure.Third, It will make us happy and s...

When we hear or see the three letters 'EMI' normally the first thing that comes to our mind is "Equated Monthly Installments"..But there is one more new EMI that is way better than the old one..This new EMI is "Equated Monthly Investments"! Try the new EMI to feel the happiness of having regular savings and investments.The best avenue to pay this new EMI is the 'Systematic Investment plans'(SIP) of mutual funds. While the old EMI goes to banks or other lending institutions, the new EMI goes towards securing your future and hence is way better!

While most of us feel the need to have an emergency fund,very few of us actually have one.This article aims to change that. Why emergency fund is required? Let's start with the most basic question: Why?The following scenarios give some reasons: 1.Loss of job/loss in business-This is one nightmare most of us dread about.If you are a salary earner,job loss can be a cripling blow.Similarly, if you run your own business, a heavy loss can result in financial distress. 2. Sudden unforeseen expenses - unexpected medical expenses, spurt in school fees of kids, unforseen home expenses like repair of AC,Refrigerator etc..(This month my AC went bust and I had to shell out nearly INR 7000 to make it work again!) 3.The sole bread winner of the family (You!) meets with an accident resulting in temporary disability to earn money These are some of the instances wherein an emergency fund will help.It acts as a cushion against contingencies. How to determine the amount of emergency fund?...

1. Mutual fund investment in ELSS-Equity Linked savings schemes 2. PPF-Public Provident Fund 3. NPS-National Pension Scheme

Let's start with the simplest rule to follow in life if you want to save more.It is so simple that many of you may think why you didn't think of it before.That simple Rule is: "Income minus Savings should be your expenses" I Know it sounds too simple.In fact it is.If you follow this Cardinal rule from today, you will see the immediate increase in your savings rate.Try it!.. Today!