I THINK ONE MONEY MANTRA IS SUFFICIENT FOR 2010 NOT FOR 12 MANTRAS FOR THAT BECAUSE TODAY’S ECONOMIC STATISTICAL RECORD SAYING THAT THE MARKET FOR 2010 COULD GET DOWN FROM THE INFLATION POINT BUT IT WILL NOT BE GIVING STATIC (INDICATING ELASTICITY=1) POINT ALL TIME AS INDIAN ECONOMY IS IN PROGRESSION, SO PEOPLE SHOULD TAKE INCLINATION TO INVESMENT PLANS FOR 2010, HOWEVER NOW THE QUESTION IS WHICH ONE INVEST PLANS BE SUITABLE? INSURANCE (ULP) COULD BE BETTER THAN OTHER INVESTMENT PLANS BECAUSE IT CAN GIVE ASSURANCE ON FIXED RETURN.
1.DO NOT OVER RELY ON ANY SO CALLED CUNSULTANTS ,BUT LISTEN CAREFULLY TO THEM,DO NOT TAKE FINANCIAL MATTER LIGHTLY ..... 2. ALWAYS MAKE A HABIT TO SAVE ATLEAST 30- 40 PERCENT OF INCOME. 3. ALWAYS MAKE A BUDGET AT STARTING OF THE MONTH. 4. DONOT TAKE LOANS .UNLESS EMERGENCY. 5. MAKE A HABIT OF FORMING EMERGENCY FUNDS 6. SEARCH BEFORE INVESTING.... 8. UR INVESTMENTS SH. BE BASED ON UR REQUIREMENT,AGE,SALARY,RISK TAKING APPETITE,PRODUCT,SERVICE,BRAND CHARGES U HAVE TO PAY IN FORM OF COMMISSIONSETC 9. NEVER GO FOR SPECULATIVE BUSSINESS OR TRADING. 10. IF U WANT TO INVEST IN SHARE MARKET GO THROUGH MUTUAL FUNDS UNLESS U R TOO EXPERT AND U HAVE TIME TO FOLLOW UP THE SHARE. 11. ALWAYS TAKE INTO ACCOUNT UR TAX AND COMPARE VARIOUS TAX SAVING DEVICES. 12. DO NOT PUT ALL EGGS IN ONE BASKET,ALWAYS DIVERSIFY.... 13. TAKE INSURANCE,POST OFFICE,MUTUAL FUNDS,FD EVERYTHING 14. MEDICAL ,ACCIDENTAL INSURANCE FOR UR FAMILY MUST.BUT TAKE CASHLESS OPTIONS. 15. ALWAYS CHECK RIDER BENEFITS WHILE INVESTING 16. DONOT EVER TEMPTED BY OVER SPENDING OR CREDIT CARDS.
I AM IN FIELD OF ACCOUNTS FROM LAST 7 YEARS AND I AM WORKING IN PVT LTD AS ACCOUNTS EXECUTIVE BUT NOW I WANT TO CHANGE MY FIEDL TO COMPUTER HARDWARE CAN I DO THAT PLEASE GIVE THE GUIDENCE.
Re: COMPUTER HARDWARE COURSE
by samuel david lingam on Jan 11, 2010 03:41 PM
Mr. Ajit I suggest U not to leave accounts field. U continue that and in addition to this get training in Computer hardware. and manage both the jobs. In 2days world we need to be equipped with double jobs.. I hope my suggestion is helpful 2 U. Samuel Lingam
Re: tax saving
by AJIT MAJALKAR on Dec 30, 2009 10:42 AM
you have to by NSC, KVC from post office which is for 7 years or you have open a ppf account with bank
I recently found A little known way to save a small fortune by stop paying high interest rates to banks on home loans etc.
I changed from my banks interest rate of 11.5% to 7.5% from a Non Banking Finance Corp using one of my contacts. I'll be saving over 14.6 lacs over the next 15 years by changing over to N B F C. I can now save and invest this amount to earn more or repay the loan 35% faster than before. why work longer to make the bank richer at your cost ?
If_interested_in_lower_interest u too_can_contact rohit_(0)_nine_nine_eight_zero_eight_zero_seven_one_six_four
Re: A Little Known way to Save a Small fortune
by vemula Rao on Dec 16, 2009 11:35 AM
Hi, How the NBFC's are able to give you loan at 7.5% ,is it a flat rate or diminishing balance rate?
Re: Re: A Little Known way to Save a Small fortune
by Almighty on Dec 16, 2009 11:57 AM
its reducing rate . they have lower margin then compared to banks which charge 4-6%, to know more ask my contact person given above.
IT is the best policy that never put all eggs in one basket......NSC,PPF OR DEBT SAVING SCHEMES OF PPF U WILL GET ATLEAST ASSURED RETURN, IF U WANT TO TAKE MORE RISK EQUITY SHEME OF MUTUAL FUND IN BEST.....BUT STRATEGISE UR FINANCIAL PLANNING BASED ON THE REQUIREMENT,RISK TAKING APPETITE, NEED OF MONEY, VOLATALITY OF MARKET AND PRIMERLY TO EVEN OUT UR RISKS BY ASSURED RETURNED POLICY.....LISTEN TO THESE ADVISORS BUT ACT BY APPLYING UR MIND.......
Re: NOT IN CONSONENCE.......
by Almighty on Dec 15, 2009 09:07 PM
.....only 3 things matter.
1) How to make money( job or business.) 2) Keep your expenses down to minimum 3) Save and invest consistently
I recently found A little known way to save a small fortune by stop paying high interest rates to banks on home loans etc. The best way to get out and stay out of high interest rates of banks is by using some of the little known NBFC and private institutions which have access to low cost funds and can offer lower rates of 7.5-8%% fixed for entire tenure of the loan !
