The Wealth Architects

We Design Your Financial Destiny

(Precious) Words of Wisdom : "Beware of little expenses. A small leak will sink a great ship." ~ Benjamin Franklin

Third Party Motor Insurance Premium Rates Hiked

The insurance cover for your cars, two-wheelers and other vehicles comprise of two parts.

- Any damage to your vehicle is insured under what is termed as Own Damage Cover.
- Whereas insurance for damage or injury to a third person is known as Third Party Cover.

- Own Damage cover is 'optional'
- But, Third Party insurance is 'compulsory'.

Making International Money Transfers Simplified

This post is contributed by Jon Dela Cruz.

The international money transfer industry is no longer the domain of just banks and high street forex brokers. Now, you get scores of FinTech companies from which to choose as well.

Data released by the World Bank suggests that the average cost of sending money through a bank is around 10.44%.

RBI Extends The RTGS Timings

The Reserve Bank of India, has vide its notification Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions dated May 28, 2019, has extended the RTGS timings.

The extended timings for customer transactions (initial cut-off) in RTGS will be 6:00 pm as against 4:30 pm at present.

Why I Don't Like The Annuity Plans?

Annuity is an investment that will give you
a. a fixed amount of money,
b. periodically, say every month,
c. for the rest of your life.

It is this comfort of receiving income every month, month after month, for one's entire lifetime that attracts people towards annuity plans.

Top 10 Tips To Become A Smart Borrower

Nowadays, loans are both 'easily' AFFORDABLE and 'readily' AVAILABLE.

Moreover, markets offer infinite opportunities to splurge upon.

So the borrowing is on the rise. But we need to be careful... very careful. Remember that there is no free lunch.

Should You Stop Investing In The Debt Mutual Funds?

Well, the straight and simple answer is NO.

An unnecessary scare is being created in the media around the safety of debt funds.

In recent times, there have been some 'minor' problems with a 'few' of the debt funds. This has been blown out of proportions. So much so that investors are getting excessively worried.

SIP Top-up : A Tool To Create Wealth

Systematic investment plans (SIPs) have emerged as a powerful and popular tool for investors to meet their financial goals.

There are, however, times when some financial goals seem difficult to achieve within the required horizon due to paucity of funds.

An Investment In Knowledge Pays The Best Interest ~ Benjamin Franklin

You Learn A Lot By READING... And Even More By SHARING.

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... Three VALUABLE Tips ...

1. How Rs.1 Lakh Became Rs.1 Crore In Mutual Fund Scheme
Reliance Growth Fund
Stay invested through all the rough and tough times.


2. In Mutual Funds You DON'T Have To Book Profits
Profit Booking
STOP the (wrong) practice of profit booking in mutual funds.


3. Twist In Credit Card Interest Calculations You Must Know
Credit Card Interest Calculation
Calculating Finance Charge on your Credit Card is LOT SIMPLER than this.