Financial Awareness

“A PART OF ALL YOU EARN IS YOURS TO KEEP” The City of Babylon- existed 8000 years ago. Historians claim that Babylonians were the first engineers, the first astronomers, the first mathematicians, the first financiers, and they are the first who have their written language. The book begins with a brief history & geography of Babylon City. The first chapter begins with the story of a person named, Bansir, who wants to be rich. Bansir, the chariot builder of Babylon, was feeling very low and sad for some time. He used to struggle financially most of the time of the year. He wants to become a rich person. But how, he did not know. So he along with his other friends who are like him decided to visit their one good friend Arkad who was the richest person in the Babylon at that time. They all want to know how Arkad becomes so rich and they can also follow him. Arkad told them that whatever he earns he started saving a part of it with himself. A minimum of one-tenth part of his earning he ...

All successful people have a goal no one can get anywhere unless he knows where he wants to go and what he wants to be or do. -Norman Vincet Peale I think goals should never be easy, they should force you to work, even if they are uncomfortable at the time. -Michael Phelps Namste, earlier i have discussed about habits of a successful investor. Today i am discussing his first habit, Investment with a goal.  How can we set a goal ? Life goals as well as investment goals can be set by considering a famous acronym SMART . Our goals must be SMART .  S - Specific  विशिष्ट Goals should be very clear and unambiguous. Ex. If i say ' I will save money this month' , it is not clear in this sentence how much i am going to save. If I say ' I will Save 15% of my salary this month' . Now this is very much clear .  M -Measurable जिसे मापा जा सकता है Goals should be like which can be measured or which can help to track our progress.  Ex. If I say 'I will save enough money' (cann...

The Choluteca Bridge is situated in the city of Honduras, in Central America on the river Choluteca. Honduras city is the worst affected city by strong storms and hurricanes.  The Choluteca Bridge was built in 1998 in four years by a Japanese firm and opened for public use in the same year. It was a 484 meter long and very strong & marvelous bridge. It was a great work of modern-day design and engineering. It was the longest and strongest bridge of that time. In October 1998, Hurricane Mitch destroyed Honduras city. The whole Honduras city is completely submerged in water. There was 4 days continuous raining and the city received as much as water in six months in a normal year.  All the bridges and roads have been washed away in water, except one, the Choluteca bridge . The Choulteca bridge was standing tall, he had proved that how much strong the bridge was built.   But there was a problem, even though th e Choluteca bridge was intact at his place, the river beneat...

Sovereign Gold Bond issued by RBI on behalf of  government of India. SGB offers investment in gold in digital form(alternative for physical gold).Five tranches has already been released this year. First tranche was released on 20th April, 2020. This year's last and 6th tranche's subscription and issuance details are below: Date of Subscription : 31st August 2020 -4th September 2020 Date of issuance:  8th  September 2020   Tranche : 2020-21 Series VI Some relevant information:  Additional interest of   2.5%   annually  on the nominal value of the bond. Payment can be done by cheque,Demand Draft or internet  banking. Loan  can be taken against bond. Maturity period:  8 years (Exit option available after 5 years) Capital gain tax exempted for individual on maturity. Minimum Buy : 1 gram of Gold Maximum Buy : 4 KG of Gold for individual If anyone buying using digital mode, their is a discount of Rs 50. Source : RBI notifi...

"Man is a creature of habits" , said by G.S. Hall. Today we will see seven habits of a successful investor . I will discuss each of them in detail in upcoming blogs. एक लक्ष्य के साथ निवेश करें  (Short term Goals, Long Term Goals) जल्दी शुरू करें ( चक्रवृद्धि ब्याज की शक्ति ) (Start Early & get advantage of Compound Interest) शेयर मार्केट में निवेश करें   (Nifty,Sensex) नियमित रूप से निवेश करें   (Self-Discipline) भावनाओं पर नियंत्रण रखें   (Greed and Fear) जोखिम को कवर करें (Insurance your Risks) किसी विशेषज्ञ की मदद लें  (Take advice of Experts)

कोविद -19 महामारी के बीच वित्तीय  योजना  अच्छी तरह से कैसे सुनिश्चित करें • करने योग्य • क्या न करें वित्तीय जानकारी के स्रोत करने योग्य(Do's) (Enough Insurance cover)पर्याप्त बीमा रक्षण (Cut down expenses)खर्चों में कटौती (Emergency Fund)एक आपातकालीन कॉर्पस का निर्माण (Second Source of Income )आय का एक माध्यमिक स्रोत बनाएँ   क्या न करें(Don'ts) (Do not close SIPs )एसआईपी (SIP) अंत (Do not let pandemic derail financial planning)महामारी में वित्तीय योजना पटरी से उतर गई (Do not rely only on Group health policy)केवल नियोक्ता की समूह स्वास्थ्य नीति पर भरोसा करें वित्तीय जानकारी के स्रोत www.moneycontrol.com ( हिंदी में भी उपलब्ध ) www.valueresearchonline.com https://financialliteracymadeeasy.blogspot.com/ Paisa Vaisa Podcast     https://ivmpodcasts.com/paisavaisa Moneycontrol Podcast       https://www.moneycontrol.com/podcast/