We Design Your Financial Destiny


(Precious) Words of Wisdom : "The art is not in making money, but in keeping it." ~ Proverb

5 Ways to do a Better Budget than FM

Few days back, FM presented the budget. It was a disappointment. Given that the Indian Economy has stalled, every one expected a growth-oriented budget. Alas, all these hopes were belied.

We would now have to deal with a struggling economy and high inflation for some more time.

However, an eternal optimist, I believe that all is not lost. There is a lot we can do to kick-start OUR budgets. As someone said 'When the going gets tough, the toughs get going.'

1. Think Smart
There is plus point to struggling economy. Companies in distress give huge freebies and discounts. So be a smart shopper. Look around for good deals. Negotiate. Negotiate. And Negotiate.


2. Think Freedom
Debt may sound good and easy. It isn't always! So be careful. Think not how 'much' you can borrow. Think how you 'little' you will borrow. Debt is captivity. Think freedom.

3. Think Long-Term
PPF, Tax-free bonds, property, equity are all great investments...provided you take a long-term view. So drop that desire to become a crorepati 'tomorrow'. Think long-term and you will surely become a crorepati by 2020.

4. Think Risk
No risk. No gain. But beware. Don't be a gambler. The risk a gambler takes is purely subject to LUCK. But the risk a smart investor takes is based on precautions. Crash your car at 30km/hr and you will die. Crash a F1 car and you won't even get a scratch. Difference - precautions.

5. Think Tax
Just as you shouldn't be risk averse, you also shouldn't be tax averse. Know tax and you can save lots of undue liabilities. This will add straight to your post-tax returns.

All these measures will act as a booster to your budget and give it that much needed growth impetus.


An Investment In Knowledge Pays The Best Interest ~ Benjamin Franklin

101 Classic Tips Money Gyaan

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

Share Button

Ignorance is like a SIGNED BLANK CHEQUE... anyone can MISUSE it.

Subscribe via Email
Powered by Blogger.

... Three VALUABLE Tips ...

1. Why Did The Beggar Refuse A Rs.2000 Note?
Mutual Funds or Beggar?
Do you keep your eyes closed to new investment styles and remain a beggar?

 


2. Refinance Home Loan In Early Years (For Maximum Gains)
Loan Refinancing
Think before you make your move to refinance your loan.

 


3. Prediction is Impossible. Here's The Best Way To Invest In Equity.
Equity Investing Rules
Therefore, the best way to make money in the future is Protection.