Money Magazine ( Money logs )

Ask any financial expert about your options to invest your money if your time horizon is more than 5 years. The chances are high that he will suggest equity MF's as the best option. Now ask him what are the best option if you want to invest for less than 5 years. The chances of him suggesting equity MF's now will be much lower. But this is a common concern for many people. People these days don’t have 5 years to wait. They cannot invest for such a long time. So what are the best options for someone who needs his money back, with decent returns in less than 5 years? The answer to this question will depend on the time that this person can wait. So assuming that the deadline can be anywhere between 3 months and 5 years, let’s explore the available options.

Money Magazine is a textbook for money management ironically which is not thought by our so called “Education System” yet we have to go through it every day. Indian education system is designed to crib your creativity, kill everything your passionate about, loot your money even before you start earning and throw you into the world whitout even teaching how to get profit out the investment you made in so called education.

Oh shit money is nothing but emergency fund which is very resourceful when you are stuck in Oh Shit Situation. Let’s call it Oh Shit Kitty. An Oh Shit Kitty is an easily accessible stash of money for use only in case of oh shit situation. It is not to be used to buy a new car. It is not to be used to buy a new PlayStation. It is not to be used to remodel your bathroom. It is for use only in case of emergency.

Rule OF Saving 75:15:10 75:15:10 is the most popular rule of saving around the world. All you have to do is divide your monthly pay check to three parts 75 Needful Rupee 15 Safest Rupee 10 Sweetest Rupee

What do we learn in school? History Science Math Computers Language Lets face it how many of us use in our day to day life? I know 80% of our schooling is just a waste of time. Shouldn't the schools be teaching us what we require for day to day life? Then let me ask you, What is that every individual uses in his/her day to day life that can be thought in school? The answer is, Money Management isn't that right? You may be rich, poor, old, young, educated, uneducated what we all do on daily basis is manage our money. Wouldn't it be nice if all of us were thought this thing in school? Unfortunately it didn't happen. So silver line is we are being cheated by our education system. Well not to worry, This blog will provide some education managing your money.

Well its a million dollar question isn't it? If it was two separate questions 1) Do you want to be rich? 2)Do want to be wealthy? lot of you would have answered it yes and I bet lot of are in a confusion right know, wondering what's the difference between being rich and being wealthy. Let me tell you my friends there is a difference! Richness is something measured by the money you have and wealth is measured by time. Lets say you have 1 crore then your richness is measure in money like he/she is worth 1 crore But if you have enough money to lead your life happily for 1 year then we your wealthy for 1 year.

Financial freedom is much more than having money. It’s the freedom to be who you really are and do what you really want in life. And many of us, lose site of this by putting others first and playing many different roles such as parent, spouse, employee, friend, and more. If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back in the past. It’s a process of growth, improvement and gaining spiritual and emotional strength to become the most powerful, happy, and successful “you” possible. That is the true reward of financial freedom.