Invest now India

  Generally, the investment we make should be able to provide returns that exceed inflation. The average inflation rate in India has been around 6%-7% per year in the past. Inflation may be a little higher for some types of expenses. Especially medical and lifestyle expenses are increasing at the rate of 8%-10% per year. There is no tax exemption on the income earned from savings accounts. If a person's annual income is more than Rs. 12,00,000 and he earns 3% income from his savings account, then 0.9% of it will go towards income tax. He will get only 2.1% as net income. If the annual inflation rate is 7%, he will lose minus 4.9% of his income. Due to this, we recommend not keeping too much money in savings accounts. Investment plans..! Investment plans are plans that provide higher returns than savings. Investment plans are generally of two types. In the first type, there is no risk to capital. For example, bank deposit schemes, debt securities of leading companies, post office sa...

 EPF New Procedure..! Recently, changes have been made in the procedures for withdrawing money from the Employees' Provident Fund, which is the main investment made during retirement. Previously, to withdraw money from the deposit fund for reasons such as buying a plot, building a house, and repaying a home loan installment, the beneficiary had to have been in service for at least 5 years. A maximum of 36 months of investment paid on behalf of the employee and the company can be withdrawn. Currently, only those who have been in service for 3 years can withdraw money for the above reasons. 90% of the money accumulated in the Employees' Provident Fund can be withdrawn. This change has been brought to make the worker's dream of owning a house come true. In addition, for emergencies, a facility to immediately withdraw Rs. 1 lakh from the Employees' Provident Fund through UPI or ATM has also been introduced. However, for a peaceful retirement life, investment in the Employee...

What is Employees' Provident Fund? The central government has made it mandatory for all salaried employees to invest a fixed amount in the Employees' Provident Fund (EPF) according to their income or a fixed amount. This scheme is in force with the social objective of making it mandatory for all employees to contribute money for retirement expenses. In this scheme, 12% of a person's basic salary and gratuity will be deducted as Employees' Provident Fund. Or, taking Rs. 15,000 as the basic salary, 12% of it i.e. Rs. 1,800 will be deducted from the salary as PF. The same amount will be deducted by the company and credited to the employee's account. If a person's basic salary and gratuity are Rs. 30,000, then Rs. 2,500 or Rs. 1,800 can be deducted from the employee's salary. The company will deduct Rs. Let us assume that Rs. 2,500 is deducted from the employee's salary and the same amount is paid into his account. . 8.33% of the amount paid by the company w...

On your journey to financial freedom, you can also use loans to your advantage. How? Many people may wonder if it is right to take a loan and achieve financial freedom. First, one should know the difference between an asset and a liability. This is what we know. You are asking what new things you are going to say in this. Let us look at some types of assets and liabilities. Find out whether it comes under the category of assets or liabilities. We can also call a liability a debt. First, tell us whether taking a loan from a bank is an asset or a liability. After asking this question, even a small child will know the answer to this question. How is a loan an asset? We have to repay it. In that case, you yourself say that a debt can definitely be a liability. When does debt become an asset? Suppose a person working in the United States gets a personal loan at 3% interest. If he is eligible for a loan of 20 thousand US dollars, he can get a maximum interest income of 7.5% when he takes tha...

After cutting each tree, I take a break. When I take a break, I sharpen my axe. With a sharp axe, I can cut more trees easily. We saw in the previous section how important it is to invest in ourselves. We also saw that if we invest in ourselves, our active income will increase. It is very important to not stop this investment with ourselves but to make it available to our children as well. Education is wealth..! Everyone should realize that it is more important to invest in the skills of children than to give them property. There is no harm in not enrolling them in college because they do not have money. But many people have an alternative opinion about spending money on skill development even if they have money. When giving education to children, they should use it to create wealth. It is better to teach them to catch fish than to give them fish. Now let's see the main characteristic that must be followed to achieve financial independence. How did the old man succeed? The book ...

In the previous section, we saw the importance of achieving financial independence. Your financial planning should be an important part of your goal of achieving financial independence. Ask yourself how many more years you can work. This depends on the wishes of the individual. Not only that, but it also depends on the field of work. Early retirement…! For example, those in the sports industry may not be able to shine beyond the age of 30. In the media industry, you may not get opportunities as you get older. You may be subject to dismissal in private companies. On the contrary, if you work in a good private company or if you are looking for government jobs, you have the opportunity to stay in the job until the retirement age of 58, 60 years. People who are in such a secure job also want to retire early. Depending on the stress at work, preferences, and family situation, they plan to retire early. It is also very important to achieve financial independence quickly to retire quickly. Ho...

Active Income..! We can understand the value of money well from the proverbs that say that money makes even the dead open their mouths, and money flows to the underworld. Most people who have acquired such special wealth go to work and earn monthly wages. This method of earning money using the labor of an individual is called Active Income. No capital is required to earn active income. If you join a job using the necessary education, physical labor, etc., your salary will come on the first day of every month. There is no chance of making a loss in this type of income like in a business. One can live a comfortable life. But this type of active income is available to us only as long as we give our physical labor. If unfortunate events such as dismissal, permanent damage to physical health, or death of an individual occur, active income will stop. Wage growth may not increase beyond a certain point. Therefore, a person who relies only on active income is likely to stagnate in his standard...