your personal finance guru for financial independence
‘Inflation’ is a very frequent topic in the study of Economics. Since, economics impact all of our day-to-day lives, so does inflation and its effects. Inflation isn’t the prettiest thing in the world, but it is an integral part of any economy and knowing what it does helps us mitigate its effects. What is Inflation? […]
Non-fungible Tokens or NFTs have been in the news a lot recently and it might be the right time to explore what it really is. And all the news of recent is associated with monetary transactions in millions of dollars. Not a few millions of dollars–one artwork sold for $69 million! Yes, it is that […]
In this day and age, ‘loan’ is a term used quite frequently in almost all aspects of life. Loans have become a day-to-day tool for most of us as a means of bridging a gap between actual income and desired income. Definition of a ‘Loan’ In finance, a loan can be defined as a lending […]
A mortgage or a mortgage loan is an asset-backed loan provided by a lender to a borrower. The lender, usually a financial institution, will hold the real asset being purchased or constructed by the borrower as collateral in the case of defaulting debt repayments or insolvency of the borrower. Mortgages are usually signed in obtaining […]
If you have looked on the Internet about ways to make money, these two terms are a sure fire search result. Although we don’t use ‘Active Income’ and ‘Passive Income’ on a day-today basis, whatever method we earn an income falls under either of these categories. So if you are new to the whole “earning […]
Often the most popular knowledge about tax is that it is a nuisance and increases the price of a product. But why does a government, which exists for the welfare of the people, do something counter-intuitive to the cause as increasing the price of a product? There are many reasons. Definition of a Tax A […]
This may seem like a weird topic to talk about, because we all know we need money. Let’s face it, it is essential for modern living and quite a leading factor affecting our happiness as well. But earning money in the wrong means could be the worst possible ways to lose your happiness. So why […]
Financial Independence, Retire Early AKA FIRE is a concept populated by the book ‘Your Money or Your Life‘ written by Vicki Robin and Joe Dominguez in 1992. The concept sets forth a “fire” plan to save up to even 70% of your income so that you can retire early and comfortably. This level of savings […]
Let’s face it. A burden-free retirement is what all of us expect through personal finance. But when you want and can ‘retire’ will largely depend on your own success of financial management. “Retirement planning can be defined as an individual’s goals for his retirement, a plan to achieve it, and all associated strategies required to […]
On this blog, we have talked about what you do when you have deficit money for your financial plans: borrow. Here, we talk about what you do when you have excess money: invest. “Investment or investing can be simply put as setting aside some money in a feasible source in expectation of a future return.” […]