Today, Indian doctors are revered throughout the world as being amongst the very best. With a lot of focus being given to the patient care side of the business, most doctors end up neglecting their professional as well as personal finances. While it might seem like it’s the more intricate aspec
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It took months of hounding, but Divya Mehta finally agreed to purchase the life insurance her cousin had being badgering her to buy. While social and familial obligations did force her to give the nod for the purchase, she wasn’t entirely convinced whether the investment-oriented insurance poli
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Traditionally, Indians have always been considered to be ‘good savers’. And while creating a savings corpus is a good thing and quite necessary to secure one’s future, this exercise can become quite pointless if these savings aren’t channelized in the right investments. Over the years, we
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The 1st of January every year, is when a lot of people make plans with the best of intentions and are most determined to follow through with them. And I’m sure that this year isn’t going to be different. Most of these resolutions are usually related to leading a more organised and happier exi
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Today, there is no dearth of professions. With newer career avenues opening up, the number of self-employed persons is on the rise. While traditionally, professions like that of doctors and lawyers have largely comprised of self-employed personnel, today, people from varied professions are prefer
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We’ve always heard that people who are happy have a different perspective on life than those who aren’t. These people tend to be more optimistic, solution focused, and evaluate situations in terms of knowledge and experience gained. More importantly, those who are considered as being happy pe
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The LA Times in in 2013 reported that American Sprinter Marion Jones was down to her last $2,000. This was the same athlete who had blazed past her competition at the 2000 Sydney Olympics, winning five medals, the one who graced multiple magazine covers, the one who signed multi-million dollar de
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For the longest time, “It’s a man’s world” was the motto by which society functioned. But once things began to change, this motto lost its value and as things stand today, more and more women are enjoying economic prosperity. A prime example of this has been an increase in the ratio of wo
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The most remembered and ingrained story from our kindergarten days is probably the one about ‘The Hare and the Tortoise’. The idea that being the fastest might not get you where you want to be or what you want resonates well with all people. Not just children. Unfortunately, as we grow up and
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Traditionally, Indian society has always shied away from discussing the topic of money. Some parents might touch upon the concept of piggy banks and saving early on but there is no formal financial education once the child grows up.

We live in an era where simply leaving our children a
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To retire at 45 is a fantasy that many professionals cherish. It truly sounds like the dream, doesn’t it? Even though there might be half baked information about the notion of retiring at 45, many people aspire to do so. I too thought so when I was 30. But now that I am 43 and actually have the
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Financial independence is something a lot of people strive to achieve. Despite the high percentage of people looking to achieve this status, very few actually manage to. However, it isn’t impossible. The best way to achieve it is to understand how to manage money efficiently and make it work in
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A couple of months ago, I met a man by the name of Mr. Arjun Seth, who worked as a corporate executive. After having spoken for a while, he confided in me that he would never in his life, waste his money on making investments, even in blue chip stocks. I thought to myself that he must definitely
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In uncertain situations, people crave a safety net. And in this bid for security, they often cling to what they know and to what’s familiar. This is because being familiar with something gives one a better understanding of the risks involved, thus making it the safer option.

A lot of
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Most of us work hard for years to accumulate a healthy kitty for ourselves. But the actual work arises when it’s time to maintain, or rather better one’s portfolio. To do this, rebalancing the portfolio in favour of safer instruments is imperative. This will ensure that the portfolio is insul
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As investors, one of the most common and determinantal mistake people tend to commit, is that of binding ourselves to a certain value or price. Technically, this phenomenon is referred to as anchoring and it is a very common occurrence in the realm of behavioural finance. To explain the term simp
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Why am I earning, Why am I saving, Why am I investing??

The answers we’ve repeatedly heard are along the lines of, "So I can send my kids abroad for college" or "So I can retire early and comfortably" or "So I can take a trip around the
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In the period post the Late Market Bubble of 2007, recession, slowdown, budget freezes and cost cutting were the most used words and implemented concepts. The tough conditions forced corporations to cut down massively on costs. This was followed by slashing of salaries, cancellation of bonuses an
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Career, relationships, bereavement, health, personality development; the answers to what should be done for success, what you’re doing wrong and how you can correct the situation can be found in a self-help book. So, it’s no wonder that self-help books are topping best seller lists, the world
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There probably is no such thing as a mistake-free life. And very often, even when we have committed the mistake ourselves, the actual realization of that error comes about when someone else commits the same mistake. Overcoming any mistake is possible but the crux of it lies in understanding the e
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People generally differ from one another based on their traits. But there is one trait that is common to many of us; rushing at the very last minute to file income tax returns or hurrying to invest in tax saving in January or March end are experiences almost everyone has gone through. If not pers
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When it comes to getting advice regarding money matters, there’s no shortage of sources; family, friends, colleagues, insurance agents, advisors, planners, etc. And the result is a collection of unnecessary and irrelevant products.

A rather pointless standard people strive t
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For most of us, life is a race against time. But for a single parent, isn’t simply a race against time but is also a juggling act, where one error or an instance of neglect can have dire consequences.

Take the instance of Anurag Sahay, a corporate executive in his late thirties who is
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Pilots are precise when it comes to their route and destination while flying. Why should personal finance be any different?

“Sometimes I feel like my entire life is spent up in the skies and terra firma seems like a distant reality.” says Aniket Rajeev. For this thirty something pil
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Real estate as a sector has seen its fair share of ups and downs. Currently, while the residential segment is coated in dejection, demand has picked up considerably in the office segment. As per a report by Cushman and Wakefield, a global real estate consultancy, absorption of grade A office spac
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In a time when virtually everyone is applying for a loan for one purpose or another, maintain a healthy credit score is becoming increasingly important.

Credit score is a three-digit number which reflects one’s creditworthiness. Calculated by credit bureaus, one’s credit score is bas
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Buying a health care policy in no way guarantees that you will be reimbursed for any ailment or surgery unless you have made sure to pick the right policy.

Sourabh Kothari, a 42 year- old, Kota based pharmacist, got his wife operated for kidney stones at a hospital in Jaipur. Despite ha
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Identity theft as crime has been increasing at an alarming rate and the offender could be a known individual or someone who has no connection to you. As an offshoot of this type of felony, financial identity theft is at an all-time high. These instances are no long few and far flung and occur in
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“The importance of money flows from it being a link between the present and the future.”- John Maynard Keynes

 

With the amount of time people spend thinking about making more money in the present, it is quite surprising that planning one
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Today, the name Amitabh Bachchan is pretty much synonymous with the Bollywood film industry. One of the most sought-after stars, Mr. Bachchan began his acting career with ‘Saat Hindustaani’ in 1969 and is still going strong in Bollywood at the ripe old age of 74. The level of superstardom tha
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Are you obsessively checking your bank balance and wanting to know every detail about your account, or are you so uninformed that you have no clue whether you’re managing to even meet the minimum balance in your account? Is your entire investment experience based on someone else’s advice or a
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Corresponding values, co-operation, forethought and accurate execution are some of the components that aid married couples in achieving financial success.

Rhea Ahuja is an ENT specialist with a thriving practice and her husband, Jay is an executive in a premier pharmaceutical firm. With
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Consider this scenario.

Rohit Rane, a 46-year-old IT professional has held numerous jobs over the years. Each time he changed jobs, the employer opened a new account for him with their bank. Consequently, he became the holder of more than four bank accounts. Answering a simple question
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Think about this pattern for a minute. At the top of the market we can’t buy fast enough. About three years later at the bottom, we can’t sell fast enough. And we repeat that pattern over and over until we’re broke Read more...

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While fighting the might of a developer may seem like a David versus Goliath battle, many buyer groups have proven that one can successfully win redress.

Today, in India, a delay in the completion of a housing project is not an oddity. Accompanying this delay is the routine fight buyer
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The Indian woman is quite possibly among the best money managers in the world. Whether you look at the smallest household in a remote village or an ultra-modern family living in the city, the Indian woman has always adopted and followed various methods of saving to cater to her family’s needs o
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“Teaching kids to count is fine but teaching them what counts is best.” —Bob Talbert, American columnist

This quote forms the very heart of the philosophy behind teaching financial responsibility to children. From an extremely early age, parents and teachers foc
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Growing up, college seemed like the ultimate dream. But when we eventually got there, we realized how wrong the movies had it because having to attend lectures religiously and curtailing expenses wasn’t part of that dream! The next dream had us envisioning ourselves as working adults. And why n
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One of the most prolific and successful captains of a cricket crazed nation like ours has been M S Dhoni. His demeanour and thinking beyond the next ball strategies have led India to be crowned champions of the ICC World Twenty20 Championship in 2007, the ICC World Cup, 2011 and the ICC Champions
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