We Design Your Financial Destiny


(Precious) Words of Wisdom : "Only those who are asleep make no mistakes." ~ Ingvar Kamprad

Best Personal Finance Oscar winners are eternally the same

Year after year, the winners in various categories of our personal finances remain constant and consistent.

For many this predictability is so boring and monotonous. They want excitement. They want action. They want change.

But, for the smart investors, this very obviousness and unambiguity is an excellent virtue. It makes making money and becoming rich so simple and straightforward.

So without much further ado, let me "repeat" the list of those who are rated the best in each category.

For those unaware of such a list, this is a short and crisp 2-minute lesson in personal finance. And for those who have read about it earlier, this is a much-needed reminder (like physical exercise, you have to practice these best practices regularly, to derive the best benefits). 

Best Life Insurance :  Term Policy

Best Health Insurance :  Conventional Indemnity-based Medical Insurance Policy

Best Credit Card :  Low Interest, Low Limit, Low Usage

Best Property :  Affordable

Best Gold :  Gold Exchange Traded Fund (Gold ETF)

Best Fixed Deposit : AAA quality borrower

Best Equity Share :  Excellent Management

Best Mutual Fund :  Matching your Profile

Best Loan :  Lowest EMI per lakh for a given tenure

Best Pension :  Make your own Plan

Best Tax :  No winner (all taxes hurt)

The reliability to foresee the right outcomes has one big advantage... we are able to avoid the "expensive" mistakes. 

Hence...
Take these winners with full faith and trust 
Get your focus right (remember that becoming the best investor in the world is not our aim)
Add a liberal dose of discipline and patience 
= And the perfect recipe to become a crorepati is ready.

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. NEW Year. OLD Resolutions. The Timeless Money Maxims.
Timless Money Maxims
It's time to 'sharpen' the OLD resolutions, not write any NEW ones.

 


2. Housewives Too Can Become Millionaires
Millionaire housewives with compounding
Saving for MORE TIME gives much better results than saving MORE MONEY.

 


3. Why Super Top Up Health Insurance Plan Is A Must
Top Up or Super Top Up
Top Up or Super Top Up? The choice is VERY clear...