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Know about Impact Investing and Socially Responsible Investing [A Guide]
In a world where financial decisions hold far-reaching consequences, the concepts of impact investing and socially responsible investing (SRI) have gained substantial momentum. Beyond just seeking financial returns, investors are increasingly looking to align their investments with their values and make a positive impact on society and the environment. This comprehensive guide dives deep into the intricacies of impact investing and SRI, exploring their principles, benefits, challenges, and strategies. Understanding Impact Investing and SRI Impact Investing: Investing for Positive Change Impact investing transcends traditional investment paradigms by prioritizing both financial returns and positive social or environmental outcomes. It aims to generate measurable, beneficial impacts alongside monetary gains. This approach brings…
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Building an Emergency Fund along your financial journey (Way Forward)
In the unpredictable journey of life, financial stability is a cornerstone of peace and security. Among the key pillars of sound financial planning, building an Emergency Fund stands as a crucial shield against unexpected events. In this comprehensive guide, we will delve into the importance of having an emergency fund, the reasons it should be a priority, and practical steps to create and maintain this financial safety net. The Importance of an Emergency Fund Life is rife with uncertainties. From sudden medical expenses to unexpected job losses, life’s twists and turns can leave even the most financially savvy individuals vulnerable. An emergency fund serves as a financial buffer, providing peace…
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Technical analysis in Stock Market (The Ultimate Guide)
In the fast-paced world of the stock market, investors are constantly seeking opportunities to maximize their returns. While there are various strategies and approaches to stock investing, one technique that has gained significant popularity and proven its worth over time is technical analysis. Technical analysis involves analyzing past market data, primarily price and volume, to predict future price movements. In this comprehensive article, we will delve into the world of technical analysis and explore its critical role in picking stocks for higher returns during investing. Understanding Technical Analysis What is Technical Analysis? Technical analysis is a method used by investors and traders to make decisions based on historical price and…
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Building an Emergency Fund along your financial journey (Way Forward)
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Importance of leveraging during your investing journey (The Ultimate Guide)
In the realm of personal finance, leveraging refers to the strategic use of borrowed funds to invest or finance various ventures with the aim of potentially achieving higher returns or meeting financial goals. While leveraging can offer opportunities for growth & wealth accumulation, it also carries inherent risks that should be carefully considered. This comprehensive guide aims to explore the pros and cons of leveraging in your individual financial journey, empowering you to make informed decisions and strike the right balance between risk and reward. Table of Contents Understanding Leveraging What is Leveraging? Leveraging, in simple terms, involves using borrowed money (debt) to supplement your existing funds for investments or…
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Building an Emergency Fund along your financial journey (Way Forward)
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ChatGPT: All in One Financial Advisor [Leveraging AI]
In today’s fast-paced world, individuals are constantly seeking effective ways to manage their finances and plan for a secure future. One innovative solution that has gained significant attention is leveraging artificial intelligence (AI) tools, such as ChatGPT, to enhance financial planning processes. ChatGPT, powered by advanced language models like GPT-3.5, GPT-4 etc, offers a unique opportunity to engage in interactive conversations and obtain personalized financial advice. In this comprehensive guide, we will explore how individuals can effectively leverage ChatGPT for financial planning, ensuring a solid foundation for their financial well-being. Table of Contents Understanding ChatGPT and its Benefits ChatGPT is an AI language model designed to simulate natural conversations with…
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Building an Emergency Fund along your financial journey (Way Forward)
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A diversified Investment Portfolio for maximizing returns [A Guide]
Imagine a portfolio that resembles a well-constructed puzzle, with each piece fitting together to create a masterpiece of wealth generation & security. Sound enticing? Well, get ready to embark on a journey towards building a diversified portfolio that not only fuels your financial growth but also shields you from the uncertainties of the market. In this vast realm of personal finance, building a diversified portfolio is like crafting a roadmap to financial success. It’s a strategic approach that allows you to navigate the investment landscape, seeking both good returns and protection against risks. Diversification is the secret sauce that adds flavor to your investment strategy. By spreading your investments across…
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Building an Emergency Fund along your financial journey (Way Forward)
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Financially Independent to Retire Early: FIRE (A Strategy)
Financially Independent to Retire Early (FIRE) has become popular in the recent years especially among the millennials & Gen Z. Making it part of your financial journey would definitely add value and improve one’s financial status. Unlike previous generation’s idea of working as long as one can, FIRE has become the new movement and many jumped onto it, begun working towards the plan. The core idea of FIRE is to earn and save money to retire much before the usual 60s or 70s age. Early retirement doesn’t mean sitting idle at home. It means having the freedom to chose any activity one is interested towards and that still can be…
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Building an Emergency Fund along your financial journey (Way Forward)
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Cash flows: For higher Stock Returns (Fundamentals)
When it comes to investing in the stock market, one crucial aspect that can significantly impact your returns is the cash flows of the companies you choose to invest in. Cash flows provide a clear picture of a company’s financial health and its ability to generate sustainable profits. It forms part of the Reports Troika that needs to be considered while investing in stocks, the other two being the Balance Sheet and the Income Statement. In this article, we will delve into the importance of cash flows in picking stocks for higher returns, highlighting the key factors investors should consider. Understanding Cash Flows Cash flows represent the movement of money…
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Building an Emergency Fund along your financial journey (Way Forward)
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Balance Sheets: Company Financial Health (Fundamentals)
Balance Sheets of the companies form one of the fundamental factors when it comes to investing in the stock market, out of the several crucial factors which are considered. This is one part of the Reports Troika of a company which will help in picking the right stock for investing, the other two being Income Statement and The Cash Flow. A balance sheet provides investors with valuable insights into a company’s financial health, stability, and potential for future growth. In this article, we will learn about what is a balance sheet and its significance in the stock market and highlight why they should not be overlooked by savvy investors. What…
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Smarter Financial decisions: path to Financial Abundance [The Way]
Achieving financial independence is a dream for many individuals, offering the freedom and peace of mind to live life on one’s own terms. While the journey towards financial independence may seem daunting, one of the key stepping stones is making better financial decisions. In this article, we will explore the importance of making informed choices when it comes to managing your finances and how these decisions can propel you towards achieving financial independence. Set Clear Financial Goals To make better financial decisions, start by setting clear and realistic goals. Whether it’s saving for retirement, purchasing a home, or starting a business, having well-defined objectives provides direction and purpose. Outline specific…
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Building an Emergency Fund along your financial journey (Way Forward)
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Harmonizing Personal Finance and Spirituality (Path to Wealth)
In today’s materialistic world, the pursuit of wealth often takes precedence over spiritual well-being. However, integrating spirituality into personal finance can lead to a harmonious and balanced approach to wealth creation. By aligning our financial practices with the spiritual principles, we can cultivate a mindset of abundance, gratitude, and mindful stewardship. In this article, we will explore how spirituality can be practiced in personal finance, allowing us to navigate the realm of money with a deeper sense of purpose and fulfillment. Cultivate Abundance Consciousness The foundation of spirituality in personal finance begins with developing an abundance mindset. Recognize that the universe is abundant and holds infinite possibilities for financial prosperity.…
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Building an Emergency Fund along your financial journey (Way Forward)
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Trim wasteful expenses to boost up savings [Budgeting]
Have you ever wondered where has all the salary you’ve earned has gone? The majority of people and employees, in particular, feel that they have enough money during the beginning of the month (or) year. But by the end of it, most of us wonder as to where all the money had gone. Wasteful expenditure is one of the primary reasons for this. Fixing this will automatically improve our savings. Further, most of us think that savings need to be goal-based. Morgan Housel in his book Psychology of Money says that savings need not be done only when we are planning for a goal to be achieved. Given the uncertainty…
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Income statement – A keystone in the stock analysis (Fundamentals)
The income statement is one of the Reports Troika that indicates the financial status of a company and is a key document in the process of Fundamental Analysis. The other two being the Balance Sheet and the Cash flow statement. Today our discussion revolves around the Income statement, synonymous with the Profit & Loss (P&L) statement. What is an Income Statement? The P&L statement is usually published quarterly & annually to show if the organization has made profit or loss during the period. Further, It is crucial to publish, as it promotes transparency, builds confidence among the stakeholders like business owners, organizational management, shareholders as well as consumers. To put…
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Building an Emergency Fund along your financial journey (Way Forward)
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Risks and uncertainties of your Investment portfolio (A guide)
Life is an unknown and often adventurous journey. There is always an element of surprise in the next second, while we are busy living our lives. Risk is something that is always present inherently given the uncertainty of events in life. If we have the ability to predict (or) know the future, then maybe, that would be a smooth ride. But that is in a utopian world where everything is perfectly alright. These things equally are true within the realm of Finance. How I managed to build a portfolio while facing intermittent risks along the way? It’s been three years since I have started taking Personal Finance and investment matters…
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Building an Emergency Fund along your financial journey (Way Forward)
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Buy and sell stocks with KYC [fundamentals]
The importance of Fundamental Analysis cannot be understated while picking a stock for investment. Investors like Warren Buffet, Peter Lynch, George Soros who have made it big in the market by investing have always emphasized the Fundamental Analysis as the first step for picking the stocks. Today know about those dimensions of Fundamental Analysis whose scope falls outside of the Financial ratios and Financial statements. What is KYC of a stock? Though the company performance can be analyzed using fundamentals data like Financial Ratios, Financial Statements, there are few aspects that are not present in these. I have grouped them under the term KYC i.e., Know Your Company. Knowing Your…
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Building an Emergency Fund along your financial journey (Way Forward)
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7 Financial ratios that help you pick great stocks (Analysis)
Fundamental Analysis plays a major role while picking a stock for investment. Typically the present financial decisions are taken keeping in view of the past performance of the company, to decide the future value that it brings to the investors. Financial Ratios give us information about the company’s past performance and form a significant part of the fundamental analysis. Financial Ratios List Here are some of the financial ratios that can be looked at while picking up great stocks for investing. 1. Price to Earnings (PE): It is a comparison between share price to the earnings per each share. It gives an idea of whether the share of a company is…
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Building an Emergency Fund along your financial journey (Way Forward)
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Top 5 ways to earn money [A guide]
Money is something that plays a major role in our lives, is an undeniable truth. I see hundreds of questions daily on various social media platforms such as Youtube, Quora, Facebook, Reddit, Twitter, etc. So I’ve decided to write a few ways (not in any particular order) that I found are really worth exploring in order to make money. These are not, get rich quick ways, and neither I am promising that you’ll become a millionaire or a billionaire by using these inputs. At the same time, if one is prudent enough to use these ways effectively, we cannot rule out the possibility of one making good money. So given…
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Building an Emergency Fund along your financial journey (Way Forward)
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How to pick the right stock? (Analysis)
Stephen Covey, the author of The 7 Habits of Highly Effective People says, “You are a product of your decisions, not your circumstances” emphasizing the importance of decision making in our success or failure. Our decisions become all the more important when it comes to investing in stocks. Everybody aims for a 2-bagger, 3-bagger, or a multi-bagger but fundamentally it is our decision to pick a stock that is earning us money. So let’s come to the real question, how do we arrive at a decision to pick a particular stock? There are different ways but primarily categorized as – Fundamental Analysis and Technical Analysis. Fundamental Analysis is important to…
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Building an Emergency Fund along your financial journey (Way Forward)
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Top 5 books: financial intelligence all in one (Must read)
“A good book is a good friend” is a well-known proverb. This is an absolute truth when it comes to the financial realm. Although we have many books that deal with personal finance, investing strategies, and wealth, some books have the potential to create a larger and stronger impact on our minds. Below are some such books, that can expand your thought process and make you think in a much broader perspective. Here we go, starting with the book written by the famous investor of the 20th century, Benjamin Graham. He is also called the “father of value investing” and also well known as “the guru” of Warren Buffet. The Intelligent…
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Building an Emergency Fund along your financial journey (Way Forward)
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Is Stock Market really a scary place? (to invest)
Ever wondered why many people think of the stock market as a scary place? This is the question that I’ve tried to peruse many a time. During my graduation days and early career phase, many of my relatives, friends aren’t aware of the stock market as an investment option at all. Whoever knew about it, had shown aversion towards. And that list also includes me. Even today there are many who come under such categories and who knows, they too might’ve got the same question within their minds. The general perception – Stock Market There are varied reasons for this, and some of them are also valid. When it comes…
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Building an Emergency Fund along your financial journey (Way Forward)
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How to become rich? [A beginner guide]
Can we consider a person as rich, if he/she for one single day, holds a billion dollars and the very next day loses all the it? The Answer is No. A person is rich only if he is able to sustain his wealth for a longer period of time. We have seen many folks, from different walks of life, who have started ordinary and became rich within a reasonable span of time. If you observe them closely, the very foundation of becoming rich is undoubtedly their effort and earnings via different professions (or) activities. The definition of being rich according to me is to have zero liabilities, create/hold quality assets…
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Bumpy Ride: The Road to Financial Freedom [Analysis]
Did you ever go on a bumpy ride? How does it feel like? A painful journey right. What if the same thing happens in our financial journey as well? It is no different. But the pain is due to a different reason what we call as financial risks.
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What is Financial Freedom ? [Just about Money]
Freedom is within the nature of humans, by design. Who doesn’t want to be free? Freedom is a cherished word all over the world be it Political or Economic or for that matter with respect to any other realm. When it comes to the world of wealth, its significance is much more, given the money-driven world that we’re living in.
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A Curse is a Blessing in disguise? [Assets and Liabilities]
Do we really need to count our blessings while we are living? Of course why not..!! That would boost our morale and in turn, gives us a chance to ponder over things and improve our well-being. For that, it is important to list out all the blessings at any given point that we have. If we correlate it to the financial realm, I call them as Assets. Also at times, we might have curses as well along with the blessings and I call them as Liabilities.
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How to protect the value of Money? [Guide]
“Time is Money” – Benjamin Franklin I have been working for almost 9 years now. But some of my initial years of work passed just like that, without me realizing how to use money for our advantage. In a way, whatever money I’ve earned, used to just sit in my salary account for days and months, without realizing its potential. This is similar to holding an ice cube in hands, it melts and after some time disappears. The value of Money also reduces over time.
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Money vs Peace [The Pendulum]
The root of suffering is attachment – The Buddha The human brain is filled with thousands of questions. In the financial realm, the most frequent and persistent questions that come up are, Is it really required to earn more money, or Is it okay to just earn to make a living? Can Peace and Money be together? Is achieving Money and Wisdom both possible in a lifetime? Or to put it differently, are we going to spend our lives thinking only about money for the next few decades and die one day or are we going to live life by not bothering much about money? And the list goes on. The…
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What is True Wealth? [Guide]
“Hurrah…!!! Never thought I would win a $1000000 lottery. Feels great to win and am ecstatic…”, was the reaction from a person, from lower strata of the first world society. He became an overnight sensation in the Media. Many considered him lucky and his friends and family already treating him as a Wealthy man, who is filthy rich.
