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Financial freedom means having enough earnings, savings and investments to pay for one’s needs and wants and that of their dependents without help.
Ideally all investments should be jointly planned and there should be transparency in money matters between spouses.
An individual needs to be equipped with sufficient funds that would enable him to deal with any adverse situation.
Gilt funds are believed to bear little to no credit risk because the government issues the underlying securities.
Money9 Helpline hosted FinFix founder Prablin Bajpayee to help you understand an easy way to save and increase money.
ULIPs provide benefits of both insurance and investment but mutual funds are purely investment vehicles.
Average property prices also saw 3% yearly increase across the top 7 cities - to Rs 5,760 per sq. ft. in Q3 2021 from Rs 5,600 per sq. ft. in Q3 2020.
Gold price today: The price of 22-carat gold also rose by Rs 109 and reached Rs 42,787/10 gm.
NCDs carry a higher risk than fixed deposits. Therefore, before investing, do check the post-tax return and their credit ratings.
Health insurance policies also come with tax saver facilities with a limit of Rs 1 lakh per annum.