Life Insurance Life insurance is a type of insurance that provides financial aid to nominee/beneficiaries in case of death or critical illness of policyholder. Life insurance does not provide financial aid for the loss of life. Life cannot be measured in terms of money. Companies provide insurance based on the earning capacity of the policyholder. How much Life Insurance do you need? We will discuss two methods: Thumb rule Need based Analysis Determining life insurance based on thumb rule Life insurance should be 10 times your yearly income and child’s education expenses. For example: If your monthly income is Rs.
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Founder: Jigar Chavda
I write about personal finance, Investing, passive income and Income growth hacks.
I believe that personal finance is more of an art and less of a science.
Personal finance is a basic art that everyone should be aware of. Unfortunately, it is not taught in school.
But anyway, I will do that on behalf of your school.
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Jigar Chavda is the best guide for anyone who wants to learn personal finance. His blog has helped me a lot in understanding new concepts, instruments, methods and terminologies of personal finance. I'd also subscribed one of his courses, which changed my perspective and also made me introduce to the best practices with regards to Personal Finance.
Jigar’s book has answer to all your questions. Don't just read it, apply it and live by it. Structured nicely and given with analogy and example can related with one's current scenario. Must read for anyone who wants to manage their finances and get holds to basic financial knowledge
Jigar's Ebook on Personal Finance is a great handbook for people to learn & understand every aspect of personal finance and the best ways to manage their income, expenses, savings & investments. I really like how he explains the formulas & examples in an easy to understand way.
I always dreamt to make a hell lot of money. Like a normal person, money was always the point of attraction in my mind. Until I found the SECRET. The secret to real success and happinessAnd that isdoing what you love… Money will always be a byproduct if you are in deep love with what you do. You can manage money in a better way if you detach yourself from it.But still, there is some predefined behavior that will impact the way you manage the money. So, before starting this course, let me show you Laws and behavior that have a
Debt can ruin your finances easily if you don’t deal with it properly. Understanding different types of loan and its impact on your finance is necessary. In this article, we will discuss good loan and bad loans and the different loan repayment and prepayment strategy. Good Loans These concepts are developed based on the characteristics of the loan. If a loan has a lower interest rate and tax benefits are also available, such loans are considered as good loans. For example Home loan. Bad Loan A loan with higher interest rates like personal loans, credit cards are considered as bad
In your personal finance journey, almost all the task will be one time like selecting insurance policy, tax planning, defining goals and needs monitoring once a year. But your portfolio should be monitored quarterly or even monthly. Once you decide your financial goal and you ready to invest, you should look for an asset allocation process. Investing in only one asset class can ruin your portfolio. Goal portfolio management is totally different from return based portfolio management Goal-based portfolio management involves: Reviewing financial goals Review past returns and comparing with current investment returns Any goals that can be achieved early?