Personal finance or more precisely, the art of money making has always appealed to the masses and will continue to be one of the most sought-after sectors in near future. Besides, stock market investment facilitates simple money making for all generations, young to older population, servicemen to businessmen engaged in almost all possible spheres. This article is an easy tour guide to the basics of share investment, primarily targeted towards beginners.
Ramzan is a holy period for millions of Muslims. In addition to the practice of fasting, this is a period of spiritual reflection and personal improvement. This is no mean feat and requires considerable discipline. As an individual and a responsible member of your family, it is important to be disciplined in all facets of life, including finance. In this article, let us discuss the importance of disciplined investments through Systematic Investment Plans (SIPs). Continue reading “This Ramzan, lead a disciplined life by investing in Systematic Investment Plans”
With each passing year, the number of financial analysts is constantly growing. An expert with bigger credentials is always valued, now more than ever. Constant professional development is the key to success in a corporate domain. For a professional finance analyst, proper certification is a necessary step that keeps them moving forward. For them, this is an insurance that, tomorrow, their job will be still valued. Continue reading “How to Become a Certified Financial Analyst”
Forex margins refer to resources extended by banks, financial organizations,and brokers to forex traders to enable them to carry on with their forex trade. Forex margins give a forex trader the ability to trade 10 to even 200 times the value of their deposit in any currency pair in the foreign exchange market.
What are SIP plans?
SIP plans are systematic Investment Plans that allow a potential investor to invest their earned money into SIP mutual funds so that a large sum of return can be accrued over a long period of time as these plans work best when money is invested into them on a long – term basis. Continue reading “Best SIP Plans in SBI”
The Indian Premier League (IPL) is a two-month long entertainment bonanza for cricket lovers across the world. However, this entertainment does not come cheap, at least for the team owners. They pay crores of rupees in order to bag the best players for their respective teams. Continue reading “Investment lessons one can learn from choosing players of an IPL team”
Financial planning is of utmost importance today and all individuals need to invest their savings to address emergencies and also ensure comfortable future living. To support the same, banking sectors were introduced in the Indian scenario in early 1800s which were targeted towards the welfare of commoners.
It does not matter much whether you a neophyte or knows little about dividend stocks; you would probably have few questions in mind about it.Is not it! So, if you want to get ultimate guide to dividend stocks then look no further. Here in the post is what you need to know about dividend stocks. Continue reading “Here Is What You Need To Know About Dividend Stocks”
Starting out in the investment world may be intimidating, but it doesn’t have to be. By being sensible with your money, you will have nothing to worry about. Now, to help you out we have some key advice that will hopefully prevent you from making rookie errors and get you on track to achieving your financial goals. Continue reading “How To Get Your Foot Into The Investing World”
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For parents, their child always remains a kid even when they have grown up to be responsible adults. However, keeping emotional ties aside, it is the duty of every parent to teach their child to be responsible. While parents want to ensure that they offer the best of everything to their kid, it is also their unsaid duty to raise financially responsible children.
From a very young age, children tend to pick up a lot simply by observing their elders. Hence, parents need to put in extra efforts to ensure that their teenager child is financially responsible.
Tips to inculcate financial responsibility amongst teenagers
Teenagers are usually burdened with school work, sports, and extracurricular activities,but what affects them most is peer pressure. Before they start comparing and make attempts to match their lifestyles with their friends, it is important to teach them finances. Helping your child manage his/her ownmoney is the biggest financial planning lesson you mayimpart.
- Share financial responsibilities
One of the most important aspects is for teenagers to understand the value of money. The sooner they understand, the better they will manage their finances. Teenagers often tend to ask for monthly pocket money from their parents. Fix a certain amount. Do not provide an additional sum, even if they are penniless by the end of the month. Being strict at this stage will go a long way.They need to know that it is not an unlimited resource and should not be wasted. By sharing financial responsibilities with teenagers, you will give them the freedom to spend on what they can afford and what they consider important. This will indirectly help them curb overspending. If your child overspends in a particular month, he/she will learn not to repeat the same in future.
- Do not be overprotective
Every individual learns from his mistakes, and so will your child.Do not run to cover up for his/herblunders. If they make wrong decisions with their money, let them help themselves to come out of the situation. Do not pay off their credit card balance for them. You can always guide them and help them in financial planning to manage their expenses, but do not handhold them in every instance. This is because if they know that you are there as a last resort, they might repeat the mistake in future.
- Set the right example early in life
Children learn from their parents and it is your responsibility to bea good example for them. If you are someone who makes quick decisions and overspends, your child will do the same. If you are someone who saves a certain percentage of your income each month, your child will learn from it and follow your footsteps. Inculcate the habit of saving in your child and teach them the importance of investing right. Include them in your financial decisions so that they are able to learn about the best investment options. Take them out shopping with you and restrict to a budget or let them go shopping for themselves, but ask them to stick to a limit.
- Encourage them to get a job
Children in their late teens usually look for part-time jobs during summer breaks or post-exam vacations. Encourage them to do the same as this will not only give them a practical approach to life, but will also help them utilize their time productively. Do assist them in managing their wages. Their initial wages may not be very high; this will compel them to save money and invest. This way, they will not overspend or take a debt that is difficult to repay.
Once your children begin to earn, you need to bring financial discipline in their life and teach them to save money. You can help them choose the best investment options and inculcate the habit of investment in high-return assets. Teenagers might not be able to understand the importance of investing initially, but at a later stage, they will be thankful for the steps they took. If they know that financial planning has helped you and your family in the long run,they will adopt the same approach in their life.
The Angel Wealth mobile application is an ideal tool for your child. It has an ARQ investment engine that functions on algorithms and offers customized investment recommendations to you. It is free of human biasand will offerthe right investment options to your child. Download the user-friendly app today and let your child start investing.
The most popular game in India is cricket and if you are a lover of this game, you may want to cheer from the stands during the ICC World Cup in 2019. England and Wales are jointly going to host the World Cup in 2019.
Although the official venues have still not been decided, it is anticipated that the final may be played at Lords while the opening game may be hosted at the Oval. Do you want to cheer from the stands in the upcoming ICC World Cup? Continue reading “Cheer from the Stands and Not from Your Home During the 2019 ICC World Cup”