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financial planning

Money lessons to be learnt from the women in our lives

Girish Ganaraj Financial Freedom, Financial Planning, Finwise Woman, International Women's Day, Moneycontrol.com, Personal Finance , , , 0 Comment
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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A look at the financial mistakes single women should be aware of

Prathiba Girish Estate Planning, Financial Freedom, Financial Planning, Finwise Woman, International Women's Day, Money9, Personal Finance , , 0 Comment
A look at the financial mistakes single women should be aware of

How do you plan for your financial well-being? Are the priorities the same for everyone or does it differ depending on your unique circumstances? In our experience over the years, we have noticed that a one-size-fits-all approach does not work when it comes to your finances.

 

When it comes to single women specially, their circumstances are different and to an extent unique, driven by not just their needs but also the prevailing laws, and therefore need to pay attention to the following.

 



Our latest article, published on Money9.


https://www.money9.com/news/opinion/a-look-at-financial-mistakes-a-single-woman-should-be-aware-of-13630.html

 


Image credit: Money9, 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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Why portfolio risk and asset allocation matter more than investment returns

Girish Ganaraj Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance , , 0 Comment
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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Why your retirement plan has to factor in the needs of your parents

Prathiba Girish Financial Planning, Investing for the Elderly, Personal Finance, Retirement , , 0 Comment
Why your retirement plan has to factor in the needs of your parents

When we discuss parents with most customers, they are prompt to let us know that their parents are sorted and are independent. Many believe that the situation will remain the same, and at worst one would need to increase the financial support to ensure the parents are not cutting corners and are comfortable.



What we have noticed over the years is something different. Many of them have lived life independently despite having a healthy and happy relationship with their parents. They do not envisage the need to become the primary caregivers to ageing, and many a times, sick parents. Not only can this throw your retirement cash flows haywire if not adequately planned for, it can also impact your planned lifestyle in retirement.

 


Our latest article, published in Moneycontrol.

 

 

https://www.moneycontrol.com/news/business/personal-finance/why-your-retirement-plan-has-to-factor-in-the-needs-of-your-parents-6483411.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 buying a second house can put your other life goals to risk

Prathiba Girish Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance , , 0 Comment
Why buying a second house can put your other life goals to risk

Have you ever wondered, when you are planning for your future, why certain assets evoke so much loyalty and attachment? Come to think of it, you may have invested in it dispassionately in pursuit of good returns but somewhere along the way it has acquired a persona of its own.

 

Real estate and gold are two such assets which have a huge emotional connect. Gold is understandable, as in our culture, if you are selling physical gold, people assume that you have hit really hard times and it is never easy to part with physical gold. Other forms of gold like Gold ETFs etc. luckily are easier to deal with.

 

But what about real estate? I cannot think of too many people putting their life savings into a financial asset and staying the course despite hiccups and abysmal returns. Why then is real estate treated differently?

 

Read our latest article, published on Moneycontrol

 

https://www.moneycontrol.com/news/business/personal-finance/why-buying-a-second-house-can-put-your-other-life-goals-to-risk-5992061.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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With a sharp fall and a swift rise in indices, how should investors position their portfolios?

Girish Ganaraj Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance , 0 Comment
With a sharp fall and a swift rise in indices, how should investors position their portfolios?

The last few months have seen market volatility at never-seen-before levels. We saw the sharpest drop ever, with nearly a 30-35% drop in key indices less than a month. Yet, before one could even say “bear”, the fastest-ever recovery also followed in the next 3 months, with most indices recovering smartly from their March bottoms, to be close to their pre-COVID highs.

 

For customers, emotional reactions are completely understandable. On one hand, there is loss-aversion at work, and on the other, there is the fear of missing out, or FOMO.

 

So, coming back to the question, how does one handle such situations? Is there a way to navigate markets, especially when they go through such roller-coaster rides?

 

Read our latest article, published on Moneycontrol, to help you wade through this emotional jungle and take the right decisions.

https://www.moneycontrol.com/news/business/personal-finance/with-a-sharp-fall-and-swift-rise-in-the-indices-how-should-investors-position-their-portfolios-5787221.html

 

Image credit: Moneycontrol

 

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

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3 Investment habits of the elderly to follow and the ones to discard

Prathiba Girish Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance, Retirement , , 0 Comment
3 Investment habits of the elderly to follow and the ones to discard

Have you ever had conflicting emotions regarding the same issue?  It seems to happen quite often to me when I look at the ways in which senior citizens handle their money. At times I feel, I wish I could be as well planned and involved with my own finances.  At other times I roll my eyes and make myself a promise never to end up like them when I grow older.  I guess its only natural that there are somethings which you envy and some which you absolutely detest and don’t want to emulate ever.

This my attempt to list down 3 things I would love to work on with the older generation as an inspiration and 3 things I would want to do differently than them for sure.


Pl read our latest article, published on Moneycontrol

 

https://www.moneycontrol.com/news/business/personal-finance/3-investment-habits-of-the-elderly-to-follow-and-the-ones-to-discard-5731961.html

.

 

Image credit: Moneycontrol

 

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

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8 timeless money lessons reiterated during the pandemic

Girish Ganaraj Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance , , , 0 Comment
8 timeless money lessons reiterated during the pandemic

For most people, the last few months has been a never-before experience. Whether it is about finding out how secure is your financial position in this crisis, or about understanding what is really important for you versus isn’t, or about looking for new opportunities in an otherwise generally hopeless time, it has been a period of discovery.

 

For me, this period has reiterated a few money lessons which I have learnt and personally tried to follow over the last few years. If anything, this crisis has confirmed to me that the path towards financial, in fact, overall well-being lies along successfully practicing these lessons.

 



Read about them in our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/8-timeless-money-lessons-reiterated-during-the-pandemic-5696081.html

 

Image credit: Moneycontrol

 

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

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Want to quit your job and do your own thing? 5 factors to ponder before taking the plunge

Prathiba Girish Financial Freedom, Financial Planning, Moneycontrol.com , 0 Comment
Want to quit your job and do your own thing? 5 factors to ponder before taking the plunge

I have interacted with many women who at some point in their career want to stop and take stock of where they are headed. These are not decisions that people take overnight, they are thoughts which stay seeded in your mind and take lot of time to grow enough to make you take action. The reasons for the same may be varied, and so will the journey, but there is always merit in reading how someone else’s journey unfolded. It may make your ride a little smoother and disappointments lesser.

 

A few years back I went through a similar dilemma. Having done something similar a few years back, I think that if my journey could help some get solace or pave the way for realistic expectations, this is a story which is worth telling. On hindsight, these are my learnings.

 



Please read our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/want-to-quit-your-job-and-do-your-own-thing-5-factors-to-ponder-before-taking-the-plunge-5602311.html

 

Image credit: Moneycontrol

 

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

To receive our articles through email, pl subscribe here.

For advice, please reach us at getfinwise@finwise.in or +91 9870702277/9820818007.

Loans for Goals: 5 steps to use leverage for your financial well-being

Girish Ganaraj Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance , , 0 Comment
Loans for Goals: 5 steps to use leverage for your financial well-being

A few months back, I met a friend of mine who was down from the US on a holiday. This is someone who had done quite well for himself over the last nearly 20 years in the US, and has built a fairly large investment portfolio. As part of it, he has also successfully built a real estate portfolio over the years in the US. Discussions veered towards that, and he said something that made me sit up.

 

His words were “I love Leverage”.

 

The use of the word “Leverage” instead of “Debt” somehow made all the difference for me to look at it in a new light. Yes, loans are bad, and one should be debt-free in one’s pursuit of financial well-being. That said, I have since also realized that Debt is not as one-dimensional as one thinks it is.

 

Coming back to the original question, let’s look at Debt differently and build some simple rules around it, which can be generally followed, towards one’s financial well-being.

 

Read our latest article below, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/loans-for-goals-5-steps-to-use-leverage-for-your-financial-well-being-5549181.html

 

 

Image credit: Moneycontrol

 

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

To receive our articles through email, pl subscribe here.

For advice, please reach us at getfinwise@finwise.in or +91 9870702277/9820818007.