Financial freedom isn’t a single destination but a journey with distinct, measurable stages. Understanding where you are today is the most critical step toward developing a clear, targeted strategy to reach your goals. Based on the framework from financial experts like Grant Sabatier, author of “Financial Freedom,” here is a comprehensive guide to the seven…
For most investors in India, mutual funds feel like the easiest path to wealth. You set up a SIP, sit back, and let the fund manager do the heavy lifting. But here’s the truth: not all mutual fund investments lead to financial freedom as smoothly as you’d hope. Why? Because hidden traps—things you often overlook—can…
No, ETFs (Exchange-Traded Funds) and Index Funds are not the same, even though both are designed to track a market index and provide low-cost, diversified investing. The key difference lies in their structure and trading style: ETFs trade like stocks on an exchange with intraday price movements, while Index Funds are mutual funds priced once…
When it comes to managing money, most people struggle with the balance between enjoying life and saving for the future. Radhika Gupta, CEO of Edelweiss Mutual Fund and author of Mango Millionaire, offers a simple yet powerful framework to solve this problem — the 10-30-50 Rule. This rule recommends saving 10% of your income in…
The ABCs of Asset Allocation: Your Path to Smart Investing Hi there! So, you’ve decided to take the leap into the world of investing. Congratulations! But wait – before you dive in, let me tell you something that can make or break your journey: asset allocation. Sounds like a fancy finance term, doesn’t it? Don’t…
Health Insurance: A Cornerstone of Your Financial Plan INTRODUCTION In today’s era of escalating healthcare costs, health insurance has evolved from a mere expense to a cornerstone of sound financial planning. The increasing prevalence of lifestyle diseases and the unpredictable nature of medical emergencies pose significant financial risks. By acting as a safety…