Investors List

Raising your Fixed Deposit target between 10 - 25 lakhs?

The below list of prospects write cheque without any hesitations. They do not need you to have a premium car or an Iphone.

Three things to keep in mind

Seek their overall portfolio first. If they have invested in small finance bank earlier, they understand your space.

Get warm introduction

One warm introduction beats 50 cold calls or emails.

Narrow down to 10 to 15 investors. Then focus on the serious ones in your sector.

I have a database of 50 plus investors across the small finance bank who has helped to raise 25 lakhs with ease.

Comment Investors and I will send you the list of 50 investors with a nominal cost of Rs.5,000.    

Have you started achieving your target journey?

Download your free personal finance data sheet !

Today I am sharing with you a link to download the free personal finance data sheet to record your financial details.

Download for free

Term Plans just got more affordable!

 

Beyond Financial Planning

 Life & Financial Planning - What is Financial Life Planning Anyway?

No mention of Financial planning is complete without a reference to Life Planning. Ever really wondered what they are? Well, if you really want to know here is the answer...

• Figuring out what money represents to your client

• Foreseeing life events and transitions, and prepping up for the transitions

• Assisting clients in the process of establishing financial goals that firms up their life goals

Did you know that Financial Life Planning process includes Life transitions, Balance & Meaning in their lives, Strong need of self direction, Active Listening, To engage adults in understanding a product, service or process and their relevancy or direct application to their lives ?

Financial Life Planning is all about transition thinking than transaction thinking.

News Source : Economic Times

Good to start thinking about tax planning early !

 

As I interact with lot of investors, I realize that most of them, predominantly in the salaried class have the habit of procrastinating their investments till end of a financial year, precisely to be March. I am not saying that this is completely a wrong practice, but one should check that, how many times have they ended up making a thoughtless investment decision just to satisfy the tax monster, letting the surplus money sleep peacefully in the savings account by earning nominal bank interest and not spreading the money effectively through various timely investment vehicles?

Planning during this year's upcoming fourth quarter is more of adventure than normal as there may be pressure points shooting up from various levels of the organization to achieve targets, performance appraisals, top management visits and what not ! Despite knowing all these, we still manage to make investments randomly and be an impulsive investor.

A two pronged strategy will make your investment decisions unbiased, eliminate forced buying, better liquidity management, life goal oriented .. Last but not the least, it works as your tax saving tool too.

Financial Planning and Disciplined Investing are associated directly with stability and security. Financial Planning is a process that determines how we can best meet our life (Personal as well as Professional) goals, through the proper management of our financial affairs.  Disciplined investing is all about mind setting to start investing early during the year. It could be lump sum, bits and pieces, monthly depending on the comfort levels of the investor. 

When there are plenty of Financial Advisors, Agents, Relationship Managers presenting you with umpteen investment options, setting a financial goal is the first step to financial freedom which could be short term, medium term and long term respectively.

Short Term goals could be School fees of kids, Purchase of household appliances, Buying tax planning investments like insurance, tax saving funds etc. Foreclosing a loan, Foreign trip, Buying a new vehicle, Saving for buying a property falls into Medium term and thirdly the long term goal which covers building retirement corpus, estate planning, wedding expenses, post retirement living essentially life planning. 

To sum up, Financial Planning is like an endowment plan which ensures life goal protection and a sober investment mechanism. 

A well thought and systematic investment pays a better interest ! 

Hope you enjoyed the article - if you have any thoughts or suggestions feel free to add in the comments section.

Psychology with money - Understand your Psyche

 

In terms of our money matters there are certain factors which affects our psychologies. So if you know these factors we can manage our money more effectively.

So today we are going to talk about 3 psychological factors which affects our money spending. One may be an extreme spender or one may be a balance spender. So balance spending affects our psychology positively.So the first thing we need to analyse is whether we are a spender or a saver. So spender means one who spends all money for his needs first and then thinks about saving. Now for savers they think only about how to save and they do not have any idea of spending the money. So if you could do a small exercise to analyze yourself whether you are a spender or a saver and put your comments in the comment box so that I could understand your pattern.

Now the second factor is full budgeted versus free budgeted psychology.Which is your psychology? Are you fully writing down your expenses and based on that you do the spending. You do not end up spending more than your budgeted expenses. They will also feel uncomfortable if any sudden inflow of money comes above their budgeted expenses and will have unnecessary worries. For free budget they will spend money as long as it gets over and if any shortfall comes they will avail loan and spend money. So the extreme approach for both fully budgeted and free budget is a tricky situation. So our goal should be attain a balance between these two approaches. So identify yourself which category do you belong to.

Now comes the third category of people where safety is of utmost importance to them. They will write down each expenses and ensure that they save according to the budget and turn out to be misers. They may even avoid purchases in the family stating that the expenses are not written down in the budget. The other type is status oriented spenders. They will spend money to ensure that they are matching with the status of living of other people in the society. For example one decided to buy a car and they may be able to buy a budget car without taking any loans. But they look at the people living next door and compare their status and decide to buy a bigger car because they would like to equalize the status with others next door. So when you are purchasing anything whether you consider safety aspect as a decision maker or status as a decision maker. 

Now with the above you may able to understand your psychology with money and act accordingly and manage your money more effectively. If you find this article useful please share,like and follow me for further updates.

Double benefits for your investment plan!

 

How to buy a dream home without home loan

 

How to build a home without home loan

Today we are going to talk about how to build a home without home loan. Many a times people will go and take loans for 11 percent or 12 percent and they fall into a debt trap and face a frustration. The cost of house may be 50 lakhs and the loan availed may 20 or 25 lakhs and they end up facing legal complications.

Going forward the next generation at least can think about buying a home without home loan. Most of the times when we talk to people they say that they will be able to build a house with their salary and will be able to take loan for majority of their income. One always know that at a start of career buying a home is a plan but one can always consider living with family for a certain period of time or may be rent a house for a certain period.First they can save their income for the 5 years to 10 years and then from the returns on this savings they can build a home. So in order to dream buying a home this method will help you to carry forward your dream of building a house. 

For example if you are taking a housing loan of 50 lakhs for 20 years, your approximate EMI will turn out to be Rs.35,000 and with an interest portion and other charges you will end up paying 90 lakhs over 20 years. Now if you consider loan tenure of 10 years, your EMI will be approximately Rs.55000 and you will end up paying 65 lakhs in total. And if you sell your house above Rs.65 lakhs then only you will be selling more than what you have bought for. So as soon as you get the idea of buying a home, you will calculate the EMI you can pay for towards loan. Instead of that why dont you consider investing Rs.25,000 as a SIP. You can think of it in many ways, if you are young you may invest directly into equity based SIP or else invest into an aggressive stocks and them monitor and review it appropriately. If you invest Rs.25,000 into equity SIP for 10 years it will be around Rs.30 lakhs and with 10 % compounding it will grow to Rs.45 lakhs and if you fetch a 12% it will grow to Rs.50 lakhs and if your investment fetches 15% the total fund will grow to 55 lakhs. So once you get the idea of buying a home, understand the portion of EMI you are ready to pay and consider investing it towards SIP and pay your SIP like an EMI. Once you accumulate the funds as above, you can go ahead and buy a new dream home. So if you say that the accumulate amount may not be enough considering inflation etc then you can increase your SIP amount and save accordingly. Or you can consider apportioning your annual hike into your savings. 

Hence if you go by the above method of accumulating savings towards SIP, you will never have to take a home loan for buying your dream home. You can rent a house and plan like this and there is no mistake in doing this. So here is wishing you a way to financial freedom and plan your purchase of dream home through this method.

Happy buying!

A Term Plan as good as a Will!

 

How much term cover is enough? Do not rely on thumb rules, here is what experts have to say.

Experts suggest that buying the right term cover can actually be the difference between financial protection and financial struggle for your family in your absence. 

Read on to know more

Better your fixed income return!

 Investment of Rs.10 lakhs grows to Rs.13.43 lakhs in 39 months. Senior Secured Cumulative NCD rates A+ returns comes under LTCG which is tax efficient. Senior Secured means instruments backed by collateral (Company assets) and top priority in claims. IRR of 9.5%. Future issues will carry reduced rate. Replace fixed deposit with this investment and utilize the current rate at 9.5%