What the recent Olympics can teach us about managing money matters

What the recent Olympics can teach us about managing money matters

In the past weeks, the 32nd Olympics, Tokyo2020, provided the world with sporting excellence and entertainment on display across a range of disciplines. For avid sports fans, these two weeks were exciting days, merrily switching live-streams across events as diverse as hockey, gymnastics, track & field, badminton and golf.


While there were winners, we discovered there were many more heroes, some whose names we heard for the first time, but will remember for long. The Olympics provided some memorable moments but also lots of food for thought. Here are a few observations, particularly pertinent in these raging bull markets.



https://www.moneycontrol.com/news/business/personal-finance/what-the-recent-olympics-can-teach-us-about-managing-money-matters-7364211.html



Image credit: OutlookIndia, AP Photo



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.

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What sports coaches and investment advisors have in common

What sports coaches and investment advisors have in common

In the last few weeks, sports fans have been treated to some exciting and memorable sports events – the French Open, the WTC final and now the Euro. These three sports are completely contrasting in the way they are played, in the intensity of the games, the importance of the team vs the individual as well as the interplay between the players and the coach.



Our latest article, published in Moneycontrol talks about what can we learn from these sports specifically on the last point above, that we can apply to how we manage our money.

 


https://www.moneycontrol.com/news/business/personal-finance/what-sports-coaches-and-investment-advisors-have-in-common-7116661.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.

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Don’t just stop at taking a home loan, make sure it’s insured too

Don’t just stop at taking a home loan, make sure it’s insured too

Dealing with the aftermath of Covid wave 2 has been unsettling and depressing.  The family which has lost a loved one suddenly needs to deal with a lot of chaos and confusion, not even allowing them to grieve in peace.  This is primarily since in most households, one spouse takes the lead in handling finances and related matters.  The other spouse naturally gets complacent that these matters are being taken care of and hence doesn’t even attempt to get a broad picture of the state of assets, liabilities etc.




While this experience has given a lot of action points and mistakes people should avoid, we will concentrate on liability, especially the home loan for the sake of clarity.

 

Our latest article, published on Moneycontrol

 

https://www.moneycontrol.com/news/business/personal-finance/insure-home-loans-and-keep-your-spouse-informed-on-investments-during-covid-19-times-7012761.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.

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How to be better prepared financially for the “wars” in your life

How to be better prepared financially for the “wars” in your life

While we make extensive plans for most eventualities, something suddenly happens that takes us by surprise and throws all our plans haywire. Take the last 12 months itself as an example.

In a way, we live our lives largely assuming things are going to be peaceful and are usually well prepared for peace-time events. We do make our plans and are prepared for some surprises, but it is when “war-time” strikes our lives that we suddenly find ourselves head under water and gasping for breath.


Such times are also the best time for us to learn about our resilience, our capabilities, our strengths & weaknesses and give us the best clues about what to change about ourselves, hopefully before the next “war” hits.


So, what are some of the “war” situations that has struck your life and how prepared were you? And how can one be better financially prepared for when “wars” strike?


Read our latest article, published on Moneycontrol.



https://www.moneycontrol.com/news/business/personal-finance/use-the-covid-crisis-to-stress-test-for-your-personal-finance-plans-6821181.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.

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How do you make a habit of giving back to society at all salary levels

How do you make a habit of giving back to society at all salary levels

The past year has been uniformly difficult for most of us.  However, for some people lower down the pecking order, things have been unimaginably bad. Most of us do help someone out financially, but usually this is a one-off case done without much thought.

 

My conversations on the topic of giving with most people always leads back to the same position, we are not there yet. When do you start giving? When do you acknowledge that you have enough for your needs?  After all our wants keep expanding and the list is endless.  If we wait to take care of all our wants, we are essentially guaranteeing we will never be able to give in our lifetime.

 

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/how-do-you-make-a-habit-of-giving-back-to-society-at-all-salary-levels-6758081.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.

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Money lessons to be learnt from the women in our lives

Money lessons to be learnt from the women in our lives

Our behaviors towards money and the money decisions that we make at various junctures in our life are influenced by our experiences at a formative level, right from childhood.


Am sure that this comes as no surprise, after all, money experiences are also a part of the various influences that form us through our life. Where I see a bit of a twist is that while my family was a fairly orthodox one, the women in the family were curiously still quite involved, and to some extent, even dominant, in some of the money decisions that were taken.

 


Our latest article published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/money-lessons-to-be-learnt-from-the-women-in-our-lives-6693371.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.

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Why portfolio risk and asset allocation matter more than investment returns

Why portfolio risk and asset allocation matter more than investment returns

A friend was talking to me recently about an interaction he was having with some others, where there was a furious debate on about where to invest, as well as which asset classes including geographies would deliver better returns going forward. As you would agree, this particular topic of debate is not uncommon at all and today’s information-empowered world has led to both more aware investors as well as more confused investors.

 

Investors usually seem overtly focused on “returns” and are always keen to know where to put their money next. This is especially so during a bull market, and when the recent past has given very good returns. But, excessive focus on returns is usually a function of “not enough focus” on a few other important yet ignored aspects. Focusing adequately on these other aspects leads to enough and more clarity on which asset class an investor should choose and what “returns” the investor should expect going forward.

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/why-portfolio-risk-and-asset-allocation-matter-more-than-investment-returns-6623361.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.

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2020: The intertwining of money and life lessons

2020: The intertwining of money and life lessons

 

As we look forward to ringing in a new year, we are very hopeful for a better tomorrow.  Any thoughts about 2020 brings a lot of bitterness and negative emotions.  There are a lot of jokes doing the rounds which say one should not count this year to one’s age since it was mostly on a standstill.



While all of this is justifiably so, was it a complete washout?  As a popular quote goes, “never let a crisis go waste”.  I have quite a few positive takeaways for the year that has gone by, and I share a few of them with you.

 

 

 

 

 

Read our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/2020-the-intertwining-of-money-and-life-lessons-6267791.html

 

 

Image credit: h kama, Pixabay

 

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.

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Are there parallels in how we assess risk in life situations and manage our money?

Are there parallels in how we assess risk in life situations and manage our money?

Are real life situations and financial decisions assessed for risks in a very similar way by investors? There are parallels but they are not always handled similarly. Here are some anecdotes with some pertinent personal finance lessons, that helps us understand the differences in the choices people make in real-life situations, vs managing their money.

 


Read our latest article, published on Moneycontrol.



https://www.moneycontrol.com/news/business/personal-finance/are-there-parallels-in-how-we-assess-risks-in-life-situations-and-manage-our-money-6178711.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.

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Money lessons learnt from de-cluttering, this Diwali

Money lessons learnt from de-cluttering, this Diwali

The much-awaited festive season comes to an end and it has managed to rekindle hope and bring a lot of joy despite the restraints this year. Diwali has always been the most exciting time of the year for me and preparations for the festival start much in advance every year.

 

The customary “Diwali cleaning” is something I usually delegate to the willing and efficient staff and am usually pleased with the result of a superficially extra-clean house for a few weeks. This year, I decided to do a lot of the customary cleaning myself and I was surprised to take away some financial lessons from this exercise.

 

 

Read our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/money-lessons-learnt-from-diwali-decluttering-6130491.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.

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