Cryptocurrency, or digital money, has changed how we think about finance. In India, over 40 million people use Bitcoin, and the country saw over ₹21 lakh crore in crypto transactions in 2023, according to Chainalysis. From its start as an idea to its growth as a major market in India, this blog explains the history … Read more
By 2030, the gig economy in India is expected to triple, providing freelancers with a plethora of opportunities to earn both INR and USD. However, self-control and foresight are necessary for financial success. Freelancers can transform sporadic income into long-term wealth by diversifying their sources, maximizing taxes, investing wisely, obtaining insurance, and keeping an emergency … Read more
The 50-30-20 budgeting rule is a simple, flexible guideline for managing your personal finances by dividing your after-tax income into three spending categories: needs, wants, and savings. In India, where rising costs, festive splurges, and family obligations often stretch our budgets, managing money can feel overwhelming. But there’s a simple, effective way to take control: … Read more
Hello! You’ve undoubtedly heard of the CIBIL score if you’ve ever attempted to obtain a credit card or loan in India. This figure informs banks about your ability to repay loans. Consider it your financial report card! In the Indian context, let’s make it very simple to comprehend what a CIBIL score is, why it … Read more
Introduction to Systematic Withdrawal Plan Mutual funds offer a feature called a Systematic Withdrawal Plan (SWP) that enables investors to take out a set amount or a set number of units from their investment at regular intervals, like monthly, quarterly, or yearly. It’s a calculated method of producing a consistent flow of income while preserving … Read more
Introduction to Compounding The power of compounding is a game-changer for building wealth in India, where rising costs, ambitious financial goals, and economic growth shape the financial landscape. People often call it the “magic of money” because it lets your savings and investments grow at an exponential rate over time by earning returns on both … Read more
Hi there! You’re not the only person who has been intrigued by blockchain technology and cryptocurrencies. Everyone seems to be talking about Ethereum, Bitcoin, or some new token that is “going to the moon.” What is it all about, though, and how can you begin without going broke? Instead of giving a lecture on finance, … Read more
A Systematic Investment Plan (SIP) is a disciplined approach to wealth creation, but a Step-Up SIP takes it to the next level by allowing investors to increase their monthly contributions periodically. Starting with a ₹10,000 monthly Step-Up SIP and incrementally increasing the investment amount can significantly amplify wealth accumulation over time, thanks to the combined … Read more