NEW NORMAL

Rather my Contribution to Atmanirbhar Bharat. Right now we are listening to this nation or chorus on Atmanirbhar Bharat. But Bharat will be Atmanirbhar when each & everyone will be self-dependent or will have financial freedom. Getting freedom from worry, is it possible??? Yes, it is, we have to check our balance sheet. How much liability we have taken on our self. How many assets do we have & cash flow to manage both? If we check all these in minutely, we will know our mismatch is manageable. In general, many liabilities can be avoided or differ as per our requirements. Also, a lot of assets that have been created are also to be trimmed for matching both sides of the Balance Sheet. If we check our daily expenses & cut them by 1/10th  it will resolve many issues which we are facing. To become Atmanirbhar we have to look for contingency. If anything happens we change our track to avoid or face a real-time issue that is in front of us. Getting our contingen

Nowadays we are seeing a continuous drop in the saving rate. As of 1/4/2020 rates of postal saving like NSC, PPF, MIS, Kissan Vikas Patra are reduced. After Repo rate cut by RBI during CY 2020 made FD rate unattractive. Repo rate & Reserve repo rate has been reduced continuously, though rates are reduced in FD continuously but not the lending rate. Leading rates are not affected that much. Now again SBI reduced its FD rate which is equivalent to or less than saving banks' accounts. This phenomenon will continue as govt. & Financial Institution wants cheap money. If we look at the Govt. The bonds rate, it is the highest in the world. Our total govt. borrowing is significant due to our population & low tax base. But it is going to stay here. We cannot ignore it. In the future, we can see some differences. Then what is the answer for it? Here comes Corporate Fixed Deposit. It is the same product as that of bank fixed deposits. In banks, we do daily transac

The pandemic is given each of us a unique opportunity to revisit our financial planning, to do course correction &  its execution. In general, all of us get a tailor-made solution. Which is similar in composition for everyone. It's true. Every individual has a different aspiration & that aspiration needs to be checked out & considered in planning. In financial planning, family plays a big role. As normally we take the discussion on the basis of a short period. Instead, if we take the life span of complete 100 years the planning becomes easy. As at every step of life, the requirement is different & its goals to get deviated or changed altogether. To foresee 100 years is not that feasible or it's very difficult. Here we change our 100 years in parts by dividing them into 10 years each. So, adjustment & alignment can be done quickly & easily. As our heading suggests " Thoda Saving & Thoda Investment" is the mantra that will make

Nowadays we saw that prices of gold are heading towards the north from around 30000 per ouns to some 40000 per ouns in the first five months of the calendar year 2020. What is the significance of gold, why it is increasing when globally due to pandemic business & countries are in recession jobs are no more in the market? Historically if we see gold & silver used to be the main currency in cross-border trading. Silver lost its shine post world war 1. When there is was no single currency of any country, it was only cash which used in trading. The other was the barter system. Means goods are given against good taken "goods against goods". When businessmen from one continent to other used gold as currency as it was widely acknowledged. Now in the present scenario when there is no hedge is available against risk. People are turning towards it. Basically, all currencies are given weightage against the gold holding of govt. It must be proven, in the world, the