Honey, It’s About Money (Cash In-1)

HONEY, IT’S ABOUT MONEY! Reema (age 22), earned her degree in marketing at the first go. All set well, she started his first job with a salary of Rs.15,000 per month. She lives in Mumbai with her parents and is the only child, with no other responsibilities on her shoulders. At the end of the month after spending on a lavish lifestyle, she found a surplus of Rs.5000 from her salary. Not knowing what to do with it she spent it on partying and shopping with her friends. Though she…

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Fixed Income Investment

Fixed Income Investment   There are basically 2 types of investments. One which gives you a fixed income, one which does not gives you a fixed income. Today we will learn about investments which give us fixed income.   For Whom? For those whose daily living depends on the corpus of money that’s available. Especially for people whose source of monthly income is from pension, or for widows or single mothers not earning. For those who are not comfortable with any risk in investments, who are conservative and can’t sleep…

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Is it death of crypto currency in India

RBI has only banned banks from associating with cryptocurrency, not cryptocurrency itself. Exchanges could provide alternatives such as buying bitcoin for dollars through Paypal. This would, however, push the cost higher as one would have to pay a charge on Paypal to transfer the dollar amount to your bank. Should you buy bitcoin or stay away? It depends whether you are speculating with your money or investing.  The fundamental principle of investment is it has underlying which becomes the base for valuation. Say, for example, you are investing in gold,…

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Who wants to be a Multimillionaire?

Who wants to be a Multimillionaire? Hurray! You just won a prize of Rs.1000.Now you have two options Receive the prize now Receive the prize after a year If such a scenario ever happens, which option will you go for? By natural instinct most of you will choose to take the money now. So at the most basic level, we demonstrate a time value for money which says that all things being equal, it is better to have money now rather then what happens to the money in the future…

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