Blogs | Finwise

Is your family equipped to handle an emergency when you are incapacitated?

Prathiba Girish Financial Planning, Insurance, Moneycontrol.com, Personal Finance August 23, 2023August 22, 2023financial planning, financial wellbeing, insurance, personal finance 0 Comment

As personal finance professionals, when we look at customers, we are accustomed to looking out for risks which can play out and finding ways to mitigate them. We hope that a family which had given adequate thought to many of the risks, would be able to manage well, in any unforeseen emergency. We have now realized one important factor which we have not been emphasizing on, through a recent unfortunate experience.

While we all plan for our dependents post our demise, rarely do we think of us being in a situation where we are temporarily incapacitated and are dependent on our family to take charge. A recent experience made us think, and these are some of the conclusions we have come to.

Our latest article, published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/is-your-family-equipped-to-handle-an-emergency-when-you-are-incapacitated-11077081.html

Image credit : Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

Markets at all-time highs: How retail investors can ride the boom

Girish Ganaraj Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance July 26, 2023July 26, 2023Equity investing, financial planning, investing, personal finance 0 Comment

The 15 months between Jan 2022 to end Mar 2023 saw the market taking a protracted time correction, and the patience of investors who entered the markets during this period was severely tested. That said, the investor who showed the maturity and patience to stay on course, has been justly rewarded in the last 3 months from April 2023 to June 2023, through the sharp up-move.

But, as usually happens in typical boom markets, there are still investors hopping onto this bus. For these investors who are entering the markets now, the following 3 pointers would be pertinent to remember, as you experience the various shades of the market over the next few quarters.

Our latest article, published on Moneycontrol

https://www.moneycontrol.com/news/business/personal-finance/markets-at-all-time-highs-how-retail-investors-can-ride-the-boom-10982661.html

Image Credit: Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

Eight timeless truisms to start your engagement with money this New Year on a good note

Girish Ganaraj Equity Investing, Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance, Retirement January 12, 2023January 12, 2023financial freedom, investing, money mantras, timeless truisms 0 Comment

Another year has come to an end, and another New Year has peeped into our lives. Every New Year, by its very birth, fills us with optimism, which in a way is good. And every New Year, we try to channelize that rejuvenated optimism into action through resolutions.

This is also a good time to go back to the starting line again, and a good way to do so is to re-affirm your belief in principles or truisms that resonate with you, and which you can build into your way of life. Let me share with you eight truisms that I find useful in terms of defining my attitude and my actions towards managing money.

Our latest article, published in Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/you-will-work-shorter-and-live-longer-than-you-think-are-you-prepared-9837611.html

Image credit: Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

Managing your money better: Lessons to learn from FIFA World Cup 2022

Girish Ganaraj Equity Investing, Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance December 20, 2022December 20, 2022FIFA World Cup, financial independence, Investing lessons, personal financ, personal finance 0 Comment

Over the last four weeks, Cricket seems to have been displaced from our collective mindspace by another sporting event, arguably the biggest of them all, the Football World Cup.

This once-in-four-years event converts existing casual football followers into aficionados, as well as creates football lovers where there were none, while of course, football fanatics become self-styled experts.

There are quite a few money lessons that one can draw from sport, and the Football World Cup is no different. So here a few timely takeways on how you can manage your money better.

Our latest article, published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/managing-your-money-better-lessons-to-learn-from-fifa-world-cup-2022-9732621.html

Image credit : Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

Play poker? Your investment style might look like the player in you

Girish Ganaraj Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance December 9, 2022December 9, 2022Equity investing, financial freedom, financial independence, financial planning, Investment styles, Managing risk 0 Comment

This Diwali, we were back to the “Old Normal”. But this article is not about this Diwali or how it was, but more about a fascinating aside that unfolds every Diwali – the late night card parties. A popular (and simpler) Indian version of Poker is played in these parties, called Flush or Flash in English but ubiquitously known as “Teen Patti” among most Indians.

A ring-side view of a Teen Patti game in progress provides fascinating insights on human behavior under risky conditions. While there are many nuances to the game, at a simplified level, most Teen Patti players that you will come across can be categorized into broadly three types. Interestingly, these types are also found in investors in the market.

Read about these types and how you can identify what type you are, in our latest article, published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/play-poker-your-investment-style-might-look-like-the-player-in-you-9669701.html

Image credit: Moneycontrol; Aiden Howe, Unsplash

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

Seven common mistakes people make when planning for health insurance

Girish Ganaraj Financial Planning, Insurance, Moneycontrol.com, Personal Finance July 21, 2022July 21, 2022financial planning, Health Insurance 0 Comment

Last week, we wrote about how most people start their financial journey by thinking about where and how to invest. The right place to start any personal financial journey is not Investing but Protection and by ensuring that existing assets and future incomes are protected against any untoward event.

While the previous article spoke about the importance of Life Insurance and the mistakes that people make while taking it, there is another important aspect of Protection that also needs to be adequately addressed right up front. And that is Health Insurance. Understandably, there are mistakes that people make on this front too, and in this article, we share 7 common ones that can derail your plans.

https://www.moneycontrol.com/news/business/personal-finance/seven-common-mistakes-people-make-when-planning-for-health-insurance-8784501.html

Image credit: Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

7 common mistakes that people make when it comes to Life Insurance

Girish Ganaraj Financial Planning, Insurance, Moneycontrol.com, Personal Finance July 13, 2022July 13, 2022financial planning, financial wellbeing, Life Insurance, personal financial planning, Protection 0 Comment

Most people start their personal financial journey by thinking about where to invest. But at the foundation of a secure financial future lies protection – protecting one’s ability to earn an income in the future. Hence whenever we meet new customers, one of the first things we try to do is understand how well their future incomes and existing wealth is protected.

Insurance of various kinds is the ideal way to take necessary and adequate protection and within that, Life Insurance is one of the most critical, yet underutilized weapons in an investor’s financial armoury. Over the last many years, through our interactions, we have seen many significant mistakes that people end up making in their life insurance decisions. Here we share seven common ones.

Our recent article, published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/7-common-mistakes-that-people-make-when-it-comes-to-life-insurance-8702431.html

Image credit: Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

The big mistakes that direct equity investors commit, and how to avoid them

Prathiba Girish Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance June 10, 2022June 10, 2022DIY Investing, do it yourself investing, financial mistakes, financial planning 0 Comment

We conducted an employee investor awareness program for a corporate recently. It was very well received with attendance much in excess of what was expected.

As part of this program, many of the attendees opted for a one-on-one consult on their personal finances. This exercise made us sit up and take larger notice of something which we have been seeing on and off over the years – the fact that many people make simple yet fundamental mistakes which can seriously hamper their wealth creation journey. We list out five of these mistakes below.

https://www.moneycontrol.com/news/business/personal-finance/the-big-mistakes-that-direct-equity-investors-commit-and-how-to-avoid-them-8528531.html

IMAGE CREDIT : Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

Buying a house as an Investment? Here are the risks you must take into account

Girish Ganaraj Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance, Real Estate Investing May 6, 2022May 6, 2022financial independence, financial planning, real estate investing 0 Comment

In our journey as financial planners, one of the biggest constants that we see in most customer portfolios is this – they are either already real estate heavy, or customer high-priority goals include buying additional homes – as an investment.

This must come as no surprise, since an overwhelming 84% of all household investment assets in India (RBI Household Finance Committee Report, 2017) are in this favorite asset class – no prizes for guessing – Real Estate.

That being the case, it may be prudent to consider these five investment risks associated with this asset class, since each one of these risks have the potential of causing significant damage to your financial independence journey.

Our latest article, published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/buying-a-house-as-an-investment-take-into-account-the-following-risks-8336821.html

Image credit: Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

Buying a home too early in your career is a financial mistake that you will repent later

Girish Ganaraj Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance, Real Estate Investing April 1, 2022April 1, 2022financial independence, real estate investing 0 Comment

In the last few years, there is an increasing focus on financial independence as a personal financial topic of interest. Financial Independence (or Financial Freedom) is the financial state where one has acquired enough passive income (through investments), thereby not requiring one to have to work to earn one’s living for the remaining lifetime.

World-wide, the concept of FIRE (Financially Independent, Retire Early) has gained a lot of traction, but Financial Independence is a relatively new and less understood concept in India.

The things to do to become financially independent are fairly simple and not rocket science. But many a times, not doing the wrong things is more important, rather than just doing the right things. What I want to share today below are three mistakes that can have serious consequences on one’s quest to achieve financial independence. While they may be repairable, the damage caused to the journey can be severe. Our latest article published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/buying-a-home-too-early-in-your-career-is-a-financial-mistake-youll-repent-later-8286821.html

Image credit: Moneycontrol

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.

← Previous