Wealth Creation During Navaratri
Wealth Creation During Navaratri

There are different interpretations of Navaratri, but there is one unifying theme: the victory of good over evil. Navaratri is celebrated across India and honours the nine forms of Durga Devi. On each of the nine days, we worship one form of Durga Devi. This…

Is Your Company Sponsored Medical Insurance Enough For You?
Is Your Company Sponsored Medical Insurance Enough For You?

  If you would prefer to read instead, here is the transcript: Hello everyone and welcome to the ithoughtwealth podcast. Today, we talk about an important aspect of your personal finance, which is your medical insurance. Many of you would have seen how medical expenses…

How to Map Savings to Goals?
How to Map Savings to Goals?

Categorise your financial goals Rajashri was up for a promotion. She felt the thrill of a pay raise. With more money comes more responsibility. Although she’d been saving for the last two years, she had no idea what she was saving for. In fact, it…

Why is it Important to Set Financial Goals?
Why is it Important to Set Financial Goals?

You’re in your twenties and life is cruising along. You don’t know if you want to get married and you certainly can’t imagine being a parent. You’ve been bitten by the travel bug and embark on unplanned adventures. You live with friends and the rent…

Become A Wealthy Millennial By Identifying Your Goals
Become A Wealthy Millennial By Identifying Your Goals

“Definiteness of purpose is the starting point of all achievement.” ―W. Clement Stone Goals provide meaning to life. They give you direction and when you accomplish them a sense of fulfilment. 80% of millennials mark getting rich as their first or second priority. So, how…

Identifying Goals – Step 8 of the 12 Step Program
Identifying Goals – Step 8 of the 12 Step Program

This time, we’re talking about identifying your goals. This blog isn’t about your money, it’s about your life. Get ready to become a dream chaser and fulfil your aspirations! The theme of this blog is nicely summarised by a quote from Bill Gates.   More…

10 Tips to Invest in Mutual Funds
10 Tips to Invest in Mutual Funds

“Risk comes from not knowing what you are doing” ~ Warren Buffet A plethora of Asset Management Companies (AMC) offer mutual funds. How do investors find their best fit? Research and strategy play a crucial role. Including mutual funds in your investment strategy requires dedication…

How to Make the Most of Your First Paycheck
How to Make the Most of Your First Paycheck

Apoorva receives her first paycheck and can’t stop gushing. She wants to treat her sister Riya out for dinner. A proud Riya has other plans for Apoorva’s first paycheck. She knows that a first paycheck is special but it’s also a big financial responsibility. If…

Term Insurance – Frequently Asked Questions
Term Insurance – Frequently Asked Questions

Swagath, an insurance expert, answers some frequently asked questions relating to life insurance!   Why should I take term insurance in the first place? How does it stand out against other life insurance policies? Every breadwinner in a family has financial responsibilities. In their absence,…

How Can Insurance Empower You? | Step 6
How Can Insurance Empower You? | Step 6

Did you know that people spend 30 minutes to 2 hours every day worrying about finances? As we work towards achieving our financial goals, insurance protects us from risks. Insurance ensures that we stay on track despite uncertainties by covering financial losses. Without insurance, we…

Are ULIPs a Good Investment?
Are ULIPs a Good Investment?

Unit linked insurance policies (ULIPs) combine insurance and investment. They offer the perfect mix of higher returns, insurance, and tax benefits. ULIPs fulfil dreams. Customised retirement plans, pension plans, and children’s education plans – cater to every investor’s needs. Yet, the reality is so different…

Personal Finance Do’s & Don’ts: Debt Management
Personal Finance Do’s & Don’ts: Debt Management

“What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?” ~Adam Smith   Many of us fall into the debt trap unknowingly. Living paycheck to paycheck can be stressful. If we don’t learn…

Do’s & Don’ts of Personal Finance: Emergency Fund
Do’s & Don’ts of Personal Finance: Emergency Fund

What is an Emergency Fund? The most essential personal finance element is an emergency fund. An emergency fund is a reserve of money that is easily accessible to combat financial stress. Emergency funds are handy during unplanned large expense or during a job loss. Prevent…

What Factors Affect Mutual Funds’ Performance?
What Factors Affect Mutual Funds’ Performance?

Who doesn’t want to know what makes mutual funds tick? How come some mutual funds make all the returns? What goes into creating a five-star fund? Mutual Fund investing is not as simple as it looks. A lot is going on in the background. This…

Don’t Stop Your SIP Now
Don’t Stop Your SIP Now

Most people investing in Mutual Funds choose the SIP (Systematic Investment Plan) method. This ensures that a comfortable portion of their monthly savings gets channelled into mutual fund schemes. COVID-19 induced market volatility has made investors wonder whether they should stop their SIPs.  To keep it short, the answer is no, you shouldn’t…

Step 4 : Budgeting | ithoughtwealth 12 Step Program
Step 4 : Budgeting | ithoughtwealth 12 Step Program

“We must consult our means rather than our wishes.” ~ George Washington Maintaining a budget is a chore. You’ve got to track your expenses, remind yourself of your money promises, say no to buying stuff, and all for what? However, one day, you will realise…

Step 3 : Review Your Investments | ithoughtwealth 12 Step Program
Step 3 : Review Your Investments | ithoughtwealth 12 Step Program

It was March and Aashna began feeling the financial pressure. She was running out of time. Her bank and insurance agents were convincing her to make a tax saving investment. Aashna was so impressed by the proposal that she jumped on board immediately. Over the…

Step 2 : Review Your Expenses  | ithoughtwealth 12 Step Program
Step 2 : Review Your Expenses | ithoughtwealth 12 Step Program

The second step of the 12 Step Program is to ‘Review Your Expenses’. It is easy to get carried away when we lose track of where our money is going. Spending money looks good and makes you happy in the short term. But, do we…

Step 1 : Being Accountable to Someone | ithoughtwealth 12 Step Program
Step 1 : Being Accountable to Someone | ithoughtwealth 12 Step Program

The first step of the 12 Step Program is ‘Becoming Accountable to Someone’. An accountability partner is someone who can help you keep track of where you are going, and help you bounce back stronger in the time of need. Today’s video focuses on the…

The ithoughtwealth 12 Step Program – An Introduction
The ithoughtwealth 12 Step Program – An Introduction

The ithoughtwealth 12 Step program is an initiative that enables you to get your financials in order within a year. By following this you can tackle financial challenges and master your personal finances. Through 2020, we will take you through each step, break myths, and…

Spike In Term Insurance Premiums
Spike In Term Insurance Premiums

The headlines that dominated the news this year are Corona Virus and Kobe Bryant’s tragic and unexpected death.

Systematic Investment Plans (SIPs)
Systematic Investment Plans (SIPs)

“SIP is deliberately doing something slightly inferior,to prevent the likelihood of something very inferior. It’s such

Fifteen Years to Financial Freedom
Fifteen Years to Financial Freedom

350 matches, 10000 runs, 1 ODI career– the creation of a legend. MS Dhoni’s ODI career stands testament to the power of

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