Wealth Samurai Do you often drag yourself into impulsive buying? “An impulse purchase or impulse buying is an unplanned decision to buy a product or service, made just before a purchase.One who tends to make such purchases is referred to as an impulse purchaser or impulse buyer. Research findings suggest that emotions and feelings play a … Read more
“A money leak in a simple language is the money you have spent but you don’t know where you spent. “ Money leaks are just like water leaks from a container. End of the day you don’t know that water is leaking and container becomes empty. “For example you draw INR 2000 from ATM on … Read more
Making a simple budget to improve your finances. This is an important step in reaching your financial goals and financial independence I am sure there will be many among us who have never actually attempted to make a budget or even noted down their expenses on a daily basis. Many of us would have … Read more
Ever wondered how some people seem to grow their money while sleeping? Let me tell you about compound interest – it’s like having a money tree that keeps growing. And no, this isn’t some get-rich-quick scheme – it’s simple math that can change your financial future. How Does Compound Interest Work? (With Real Examples) Here’s … Read more
In personal finance and money management, emergency fund is the first line of defense against the unexpected problems in life. Financial emergencies can happen anytime, and most of the time they occur without warning. Times are good, you can draw money on your credit card, or you can swipe your card to get new TV/New … Read more
We’ve all heard the saying “a rupee saved is a rupee earned,” right? But here’s the thing – it’s actually not correct. The reality is much more powerful: a rupee saved is worth significantly more than a rupee earned. Here’s why this matters to everyday life, and why understanding this concept might completely change how … Read more
Getting money sorted doesn’t require an economics degree or financial wizardry. After years of watching people struggle with their finances, it’s clear that managing money isn’t complicated – it’s more like basic hygiene. Most people just need to do a few simple things consistently. Start Where You Are, Not Where You Think You Should Be … Read more
A popular credit card ad says “There are some things money can’t buy, for others there is MXXXXXCard.” Money isn’t everything, but without it, we can’t survive. We need money for food, shelter, basic services, and security. Money Through Life’s Stages As students, we need money for education. My friend worked two jobs while studying … Read more
The journey to wealth requires a series of correct steps at the right times to keep your finances healthy. However, certain mistakes can ruin years of hard work & self-control. Below, I’ve discussed these 7 crucial steps that can destroy your wealth plans. Overspending Consider overspending a slow leak in your financial boat, you might … Read more