Building a wealthy mindset is essential for achieving financial success, but it can be difficult to know where to begin. Reading books that provide valuable insights, strategies, and practical tools can be a great starting point. In this article, we take a look at some of the best books that can help you develop the mindset and skills you need to build wealth, from investing to personal development, budgeting, and financial education. These books offer a wealth of information that can help you on your journey to financial freedom.
Category: Wealth building
A category focused on strategies for building wealth over time, including saving, investing, and financial planning.
Think Rich, Be Rich: How Mindset Shapes Your Financial Future
Are you struggling to build wealth despite your best efforts? The truth is, a positive and proactive mindset is essential for achieving financial success. By developing a growth mindset, creating a wealth-creating vision, managing and controlling emotions and having self-discipline you can set yourself up for long-term financial success. In this article, we explore the role of mindset in building wealth and provide practical examples and strategies for achieving financial success.
Fixed Deposits vs Treasury and Corporate Bonds: Which is the Better Investment for Indian Investors?
Investing in fixed deposits has long been a go-to option for conservative Indian investors looking for a low-risk, steady return on their money. But with interest rates at historic lows, some investors may be wondering if there are better options out there. In this article, we’ll take a closer look at how fixed deposits compare to two other popular investment options: treasury and corporate bonds. We’ll discuss the returns, risks, and other factors you should consider before deciding where to put your money.
Gold vs Nifty 50 and Sensex: Which is the Better Investment?
Gold has consistently outperformed stocks and bonds over the long term, and offers a lower risk profile. In this article, we compare the returns of gold to the Nifty 50 and Sensex over the past 10 to 15 years, and discuss the various ways in which Indian millennials can invest in gold.
Don’t Delay: How to Start Saving for Retirement as a Millennial in India
Retirement planning may not be at the top of most millennials’ minds, but it’s never too early to start building your retirement corpus. With longer life expectancy and the possibility of living without active income for longer periods of time, it’s more important than ever for millennials in India to take steps towards a secure financial future.
Equal-Weighted vs Market Cap-Weighted Index Funds: Which is Right for You?
Are you trying to decide between an equal-weighted index fund and a market cap-weighted index fund? It’s an important decision that can have a significant impact on your investment portfolio. In this article, we’ll compare the performance of the two types of index funds using the NIFTY 50 index as an example, and help you determine which is right for you based on your financial goals and risk tolerance.
The ultimate guide to allowances and exemptions for salaried employees in India
As a salaried employee in India, you have access to a variety of allowances and exemptions that can help reduce your tax liability. By taking advantage of these tax-saving opportunities, you can keep more of your hard-earned money and use it to achieve your financial goals. In this article, we’ll explore the various allowances and exemptions available to salaried employees in India, including the House Rent Allowance (HRA), Leave Travel Allowance (LTA), deductions for medical and education expenses, and investment in specified schemes. By being aware of these tax-saving strategies and consulting with a financial advisor or tax professional, you can maximize your tax savings and achieve your financial goals.
5 strategies for saving tax on selling a house in India
If you’re planning on selling a house in India, it’s important to be aware of the tax implications of the sale. While tax laws and rates can vary depending on the specific circumstances of the sale, there are several strategies you can use to minimize your tax liability. In this article, we’ll explore four ways to save tax on selling a house in India, including exemptions on long-term capital gains, investment in another house, home loan tax benefits, and exemptions for gifts. By being aware of these tax-saving strategies and consulting with a financial advisor or tax professional, you can maximize your profit from the sale of your house and achieve your financial goals.
5 common biases that can hurt your investment strategy
As an investor, it’s important to be aware of the biases that can impact your decision-making and potentially hurt your investment strategy. From anchoring bias and confirmation bias, to overconfidence bias and loss aversion bias, there are many common biases that can lead you astray. In this article, we’ll explore five of these biases, along with explanations, examples, and suggestions for how to overcome them. By being aware of these biases and taking steps to mitigate their impact on your decision-making, you can improve your investment strategy and make more informed, rational decisions.
7 investing mistakes to avoid according to Warren Buffett
Are you making any of these common investing mistakes? Warren Buffett, one of the most successful investors of all time, has identified several common mistakes that investors make that can lead to poor investment decisions. These include overdiversification, chasing after short-term gains, failing to do thorough research, being too emotional, paying high fees, ignoring the big picture, and not having a plan. In this article, we’ll explore these mistakes in more detail and provide tips on how to avoid them. Don’t let these mistakes hold you back – read on to learn more!