Finance Gyan

Finance Gyan Finance Gyan is the outcome of the idea of creating a one-stop-shop to help people at all income levels to take control of their financial future.

LIQUIDITYLiquidity is a funny word, but again, the concept is simple. It just means availability. If we have a liquid in...
21/08/2024

LIQUIDITY

Liquidity is a funny word, but again, the concept is simple. It just means availability. If we have a liquid investment, then we have quick and easy access to our money.

The cookie jar is totally liquid, because we can walk over and get our cash out whenever we want. A savings account is about the same, and a Fixed Deposit is fairly liquid even though there’s a short time frame attached.

Pretty much the least liquid investment is one that a lot of Indians own, which is real estate. If you are a homeowner, your house is likely your greatest investment, but it is not liquid at all. If an emergency came up, you will have a tough time liquidating your house by tomorrow.

https://amzn.in/d/4nXqQdj

Planning

BUDGETING = AWARENESS**(**AND WHO DOES NOT WANT THAT)I think anyone who takes the time to think about it would agree tha...
20/08/2024

BUDGETING = AWARENESS**
(**AND WHO DOES NOT WANT THAT)

I think anyone who takes the time to think about it would agree that spending money in a way that is aligned with what we value will bring us more happiness. So why aren’t we doing it?

1. We do not think it’s fun.
Budgeting requires being disciplined by setting and tracking spending goals. But being disciplined is hard, and people tend to avoid hard things.

2. We think we know where our money is going. No, we don’t. Sorry. Unless we track our spending, we don’t know where our money goes. Nearly everyone I have seen go through the process of tracking for even just a month has said some version of the following sentence: “I had no idea I was spending that much on X.” Trust me, tracking will teach us something we did not know about ourself.

3. We are not sure we want to know.
We may be putting off budgeting because we know we have made some questionable decisions that we would rather not examine too closely. Why did we buy that new iphone instead of investing for our children’s higher education? Why did we take the trip to Europe when we knew it would take months to pay off the credit card bills?

When we set a budget we have to ask questions like that. Then we have to decide: do we want to change our behavior?

Financial goals get funded with rupees—lots of them added up over time—and rupees tend to slip through our hands unless we have a system for plugging the holes. But we cannot plug holes if we do not know they exist.
That’s where budgeting comes in.

What say ?

MYTH: IF I LOAN MONEY TO A FRIEND OR RELATIVE, I WILL BE HELPING THEM. TRUTH: THE RELATIONSHIP WILL BE STRAINED OR DESTR...
10/07/2024

MYTH: IF I LOAN MONEY TO A FRIEND OR RELATIVE, I WILL BE HELPING THEM.
TRUTH: THE RELATIONSHIP WILL BE STRAINED OR DESTROYED.

“The rich rules over the poor, and the borrower is the slave of the lender.” This is a verse you will hear me repeat over and over, because it perfectly captures the biblical view of debt:

“The borrower is the slave of the lender.” That word “slave” is nor used carelessly in the inspired Word of God. This is serious business. If you loan your friend / relative you immediately change the relationship.

Get togethers won’t be same, because it won’t be a simple, loving time with family; it will be a master eating chicken with his slave.

It does not matter if you mean to or intend to, and it does not even matter if you believe me or not. It happens. It’s not a choice you make; it’s a biblical principle and a fact of life.

The statistics prove the biblical point too. 57 percent of people have seen a friendship or relationship end because of loaning money, and 63 percent have seen someone skip out on repaying a friend or family member.

Do you want to inject some poison into your closest relationships? Then by all means, start loaning money.

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09/07/2024

FASTEST WAY TO BECOME WEALTHY

The fastest way to become wealthy is to take control of our largest wealth building tool, which is our income.

When all our income goes towards the payments of our loans, EMI of home loan, EMI of car loan, EMI of personal loan, this EMI, THAT EMI and so on.
goes to other people that we work so hard for, they have tall buildings and we don’t.

It is harsh but very rightly said......The Borrower is the Slave of the Lender.

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Savings alone will not make us wealthy....increasing our Income, investing in assets, avoiding liabilities, and building...
02/07/2024

Savings alone will not make us wealthy....
increasing our Income, investing in assets, avoiding liabilities, and building up our cash flows is the winning formula...

What do you say.....

MEN, WOMEN, AND MONEY (OVERGENERALIZING)After working with so many married couples over last couple of years, I have fou...
29/06/2024

MEN, WOMEN, AND MONEY (OVERGENERALIZING)

After working with so many married couples over last couple of years, I have found that men and women approach money in very different ways. I am overgeneralizing here; of course, not all men and women will act this way, but there are some patterns that have proved themselves over and over.

Men, for example, use money like a scorecard and lose self-esteem when money problems pop up. Women, on the other hand, experience fear—some actually say TERROR—when money problems come up, because money represents security to them.

This is why men usually resist saving up three to six months of expenses as an EMERGENCY FUND. Just having that much money sitting around doing nothing seems like a waste to men, but their wives will likely tell you it is the most important key to their financial plan.

Share your views in the comments below…….

DO YOU WHY:The CEO of Louis Vuitton is one the richest person in the world.Because Millions of people pay him to look ri...
28/06/2024

DO YOU WHY:

The CEO of Louis Vuitton is one the richest person in the world.
Because Millions of people pay him to look rich.

What say……..


18.06.2024

I am planning to conduct a FREE “Financial Transformation Week” which will help you transform your money mindset and cre...
27/06/2024

I am planning to conduct a FREE “Financial Transformation Week” which will help you transform your money mindset and create a personalized plan to achieve lasting financial freedom and abundance.

The sessions will start at 5.30 AM and end at 7.00 AM and will be conducted from Monday to Saturday. Dates will be announced after the registrations.

By actively engaging with the sessions, you will gain valuable insights into your finances and develop actionable steps to transform your money mindset. I intend to have only 25 participants to ensure the quality of the program.

Those interested to attend this program click this join the whatsapp group: https://chat.whatsapp.com/Io71Ql4quLzErcGpJZESaX
🙏😊

27/06/2024

I am planning to conduct a FREE “Financial Transformation Week” which will help you transform your money mindset and create a personalized plan to achieve lasting financial freedom and abundance. The sessions will start at 5.30 AM and end at 7.00 AM and will be conducted from Monday to Saturday. Dates will be announced after the registrations
By actively engaging with the sessions, you will gain valuable insights into your finances and develop actionable steps to transform your money mindset. I intend to have only 25 participants to ensure the quality of the program.
Those interested to attend this program click this join the whatsapp group:

THE SPOILED, RED-FACED KIDOne thing we absolutely do not allow with our little children is their uncontrolled, angry tan...
27/06/2024

THE SPOILED, RED-FACED KID

One thing we absolutely do not allow with our little children is their uncontrolled, angry tantrums. We try everything possible, from pampering to scolding to stop them for doing that.

Yesterday I was in a mall and I saw a kid throwing tantrums to have that toy. Two of his elder sisters ran and grabbed him by the arms and said, “Listen, you really don’t want to do that.” They knew what was coming from their parents, and they knew it would not end well for him.

You know what the very moment I discovered that every one of us has a little, spoiled, tantrum-throwing kid living inside of us. His name is Immaturity, and he wakes up when we are shopping. At the electronics store, he wants the latest smartphone. At the automobile showroom, he wants a fancy car. At the furniture shop, he wants a new sofa set. If we let that kid make our financial decisions, we will always be broke.

Children do what feels good; adults devise a plan and follow it. Do you have a plan?

Share your thoughts in the comments below.

THE FOUR GOLDEN WORDS!!!Live below your means.....................These 4 words can change our LIVES.Share your thoughts...
24/06/2024

THE FOUR GOLDEN WORDS!!!

Live below your means.....................
These 4 words can change our LIVES.

Share your thoughts in the comments ............

MIDDLE CLASS TRAPWe are buying things that we do not need.............From the Money that we do not have...................
22/06/2024

MIDDLE CLASS TRAP

We are buying things that we do not need.............

From the Money that we do not have..........................(by taking loans)

To impress people that we do not like...........................

By paying the EMIs from the Jobs that we not enjoy...........

What say? 😊

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