SgFinancenTips

                             "SAVERS ARE LOSERS". DON'T SAVE INVEST! - Robert Kiyosaki Real Estate  If your looking at real estate as an investment option then you would like to consider the following important steps. If you never considered real estate as an investment, then you might think of it after you read this. Investment can be started at an early age. Real estate is an option for a long term investment. You can start earning passive income through real estate in 7 to 10 years. One way is to save up enough to buy a property to rent it. Which can take a very long time. Or the other way which is to leverage it (borrow debt) by a bank for which you can write-off on your taxes for benefits. Partner with other investors for more money at their own risk.  Buy:  Choose a house which is very bad to look at but is located in the best area. Follow the population trends to find out h...

Gold  is an ancient metal loved and adorned by Kings and Queens. Decorative item for the holy temples in many countries. Admirable jewellery in various designs and shapes, used for giving out a status symbol by the quantity held by one. Adorned for weddings and festivals in India. Gold is not just an ornament but used as a real asset, which is powerful and valuable. GOLD AS AN INVESTMENT                                                          Benefits of Gold as an Investment: ·          Gold can stand against inflation ·          Value of gold has increased from past 10 years ·            Price of gold rises when other prices decrease in deflation period. ·          Gold i...

Credit Card Simplified Credit card may give an image of joy or fear. It can be good or bad. But if you keep reading you may find out that having a credit card is helpful. ·          Credit card is given to a person by a bank as a privilege. Bank keeps in mind your salary and debt to income ratio to set your credit card limit. The higher your debt the lower your limit. ·          Bank provides you a credit card as a benefit to you and their services. Credit card is a short loan provided to you to afford things which you could not purchase on debit card. ·          This increases banks brand and earn extra money in case you miss your payments on time. But if you pay your payments up-to-date then you have no interest charges and you have what you wanted to purchase. ·          My advice is that you check your statem...

home loan  Everyone dreams to have their own house. It's a financial asset that will make you proud of yourself. Your own private place on this big earth. Owing your own house gives great joy. Hence, you need to consider the following key factors for a smooth process in purchasing a house: 1.       Research : Compare alternative banks with their loan rates and interest rates. Check various charges such as processing fee, administrative charges and so on. Don't just go for which offers the lower rate but which has a good prospect in all the checks. 2.       Ability : Check your eligibility for loan you can borrow. Make a list of all your expenses and see if you have money left to pay for your EMI. Then go ahead for the loan application. 3.       Credit Score : Do not neglect the way you handle your credit card. Higher your score which is >750 the lower the interest...

                                  HOW TO INVEST? "Sir Francis Bacon: Money is a great servant but a bad master" Various options of investment are: 1. Stocks 2. Bonds  3. Mutual Funds  STOCKS: Stocks are shares of publicly owned companies. Their value goes up, investment goes up and thereby, higher potential of returns. Investment in stocks has a higher risk. BONDS: Bond is a  loan to a company or Government which is repaid at a particular term e.g 5 or 10years with interest. Returns are lower compared to stocks and lower risk.  MUTUAL FUNDS: It is an investment portfolio. Risk is spread over 100 or 1000 shares.  A portfolio Manager is assigned to buy or sell and to analyse the market.  Where to Invest: You can invest in an INDIVIDUAL Account say e.g: 5000 per year for 30 years. There will be an 8% growth per year. Ending value will be $566416...

Planning Financial Planning is required by every business and every family.  It is the foundation to keep debt at bay and to improve your savings and investment strategy. The following are the steps for financial planning:  Budget : To take control of your monthly cash flow. Calculate all your expenses including your non-recurring and gifts along with festivals.           INCOME - EXPENSES= 0                    If you have any surplus that must be kept away for savings etc.           Track your expenses throughout the month. Check your progress.   CREATE AN EXCEL SHEET GIVING IT THE NAME  BUDGET  AND CHECK YOUR PROGRESS.          2.      Pay off Debt : Follow a payment system that starts with the smallest and ends with         ...

To avoid risk in your daily life you must be assured of some security for your precious life, security for your journey, security for your business and the list goes on... For this very reason Financial Institutions have provided safety measures which can protect us from these unexpected risks, that is nothing but Insurance! The utmost important insurance is Life Insurance. It will give your family security when you are not there for them or unwell due to unexpected conditions.  It can be accessed when you need money for an emergency. It's like a saving for a purpose which should not be touched unless for the very purpose mentioned.  Life insurance is a strong wall of protection for your loved ones. It makes sure amount is deducted at the right time each month. I believe that you earn for yourself and not to pay bills alone. So make sure you do yourself a favor by setting up a life insurance to be safe in future. Do not forget it can be added in your IT return f...

Hi warm welcome to my blog. If you are looking to acquire knowledge on managing your day to day finances then your in the right place.  Change is unpredictable. But with SgFinancenTips you will be up-to-date with the most important techniques and useful apps to make your life organised.  I have completed my Masters in Business Administration with Finance as my specialization along with Marketing from India. I have completed an additional Masters from Scotland in Banking and Financial Regulations.   You can trust the information posted is reliable and unbiased.  Consider this as your go to blog for any Financial query.  I Am an Amazon associate and I earn from qualifying purchaeses that you make by clicking on the links. It's your way of saying thank you to me for my recommendations.