Somosree Roy @somosree
Followers: 190
JNUite, reader, explorer and writer with economics backgroun
Talks about #personalfinance #financialfreedom #crypto #realestateinvestment
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
The best and simplest investment plans this Christmas Eve
Christmas is all about spending spree, who even cares about saving? Well, right you are. But we are talking about investing to let you have an even better Christmas in 5 years.
Without adding a heavy hit to your funds, let’s guide you with some very simple and incredible investment plans for which you don't need a fortune in your account. These will bear enough fruits for you, only if you are ready to hold them in your repository for a while.
1. Unit Linked Investment Plans – the money that you invest will be channelized into stock markets. It gives you life coverage and financial security plus lets you enter direct market investments. Hence, one of the best investment plans.
2. Direct equity – You get high returns in long term compared to other plans that are inflation adjusted.
3. Debt Mutual funds – Be a gainer with commercial paper, treasury bills, govt. securities and money market tools as fixed interest.
4. National pension scheme – Doesn’t matter when you plan to retire, keep some money into this account to help you in your superannuation days.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Eyeing a small startup in 2023? Best time to start planning for business finance in December 2022
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
What's your financial independence resolution this Thanksgiving season?
Well, we are still hovering in the mood of Thanksgiving and we are sure many of you have geared up on new changes in life.
Have you considered anything on financial independence front? With festivity spree being prominent in the air and whole lot of positivity around, time to set yourself up for some financial independence.
1. Take a journal this season and start right now
2. Mark your age and the journey starts from here
3. List down your current assets and liabilities
4. Start with savings of a fixed percentage of your income
5. Get atleast one Life insurance and Health insurance and get sorted
6. If you have no investments at all, stash away some part of your income into FD and/or Public Provident Fund. Even if the returns are not very lucrative as compared to MFs and stocks, they are stable and secured. You get guaranteed returns.
7. Next is to start with some risky, yet profitable investment ventures like Equities, SIP and Mutual Funds. This is only if you are up for it. Make sure you hire a professional to assist here or read up well about these before investing.
8. Do you not have much of assets, but yearn for these? start saving for it little by little from today and you will make great funds for car, property, jewellery or any of that sort soon.
9. Start with atleast one parallel stream of income – This is the most critical part of financial independence.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Life insurance - A dependable protection to your dependants or a smart way to generate returns on investment upon maturity?
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
The top 3 things a fresher should invest in after getting the first job
Landed up in first job? Well, that can be at any age; trust me, you can bag your first salary at any point in life. It can be in 20s, 30s or even 40s, totally depend on what has been keeping you busy till now.
But what’s that one thing you need to jump in right while getting the first paycheck? Investment it is. Start slow and then gradually build up.
1. Get a life insurance of an affordable premium – Even if you don’t want to consider it as a security for dependents, get it done as an investment to enjoy amazing returns upon maturity.
2. A health insurance – Even though you might be covered by your company, buy a personal one. It helps!
3. Fitness regimen – Yeah, it’s vital especially if you have hit a deskbound job. Save some amount every month for your fitness plan.
4. Fixed deposit – Even if interest rate might be low, yet it’s a safe plan as you will not withdraw it until maturity.
5. Public Provident Fund – A great investment it is; plan to invest a certain amount every year to keep your money in safe haven, while enjoying good cumulative returns.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Should you buy your own health insurance or depend on the company's coverage?
Many of us may be totally content with the amazing security our organizations provide as part of health insurance. You are covered along with your parents and/or your partner and kids. But, is that enough?
Well, you got to have a better safety and a robust plan for yourself and your family. Getting a personal health insurance is a smart decision.
1. It gives you additional coverage beyond what your organizational insurance gives.
2. It’s not dependent on your job. So, anytime you decide to quit your current work, you are good.
3. When you change your organization, the coverage amount might go down. Personal insurance shields you from that.
4. When you retire, you get no organizational coverage if you are with private entity. Personal health insurance always helps in such cases.
5. In case you plan to take a break from work for any personal reasons, you are still secured with personal health coverage.
So, from today, start saving a few bucks every month to cover up for the annual premium for your personal health insurance starting 2023.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Q4 2022 - Right time to invest in stock market?
With Q4 running, this is a question to contemplate on.
Standing on Q3 of financial year and Q4 of calendar year, you can plan to make some investments now.
With Dhanteras just gone by, the stock prices are high at the moment. Wait for a little more time to settle down to make some solid investment before Christmas kicks in, if you are looking to buy stocks.
Q4 can be a favourable time to buy life insurance health insurance plans. You will be able to claim for IT return on the investments done now for this year. The appraisals in many organisations come by around this time and hence you might find it preferable to put in some funds into these investment modes.
For investing in real-estate, check the trends around since the prices often remain high around the festivities.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
What all can you invest in Dhanteras and Deepawali 2022?
Wish you a happy Dhanteras and Deepavali! With festive shopping spree in the air, time to introspect on what all you can invest to bring in wealth.
1. Invest in stocks – A nice time to buy in equities of small and midcap stocks. Do quick good research to find where all you can invest for a short to medium term gain.
2. Buy insurance – If you don’t hold a life insurance, buy one. Not just to secure your dependents, but also to generate a good stream of income upon maturity.
3. Silver and gold coins – Jewelries always appreciate in value. This may be a tradition in India, but it also brings in good amount of wealth.
4. Health insurance – If you don’t have a health insurance for you or family, sign up for one. Nothing can be worthier than investing on health insurance. Do remember, health is wealth.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Diwali 2022 - Make a vow for Financial independence by Diwali 2023
Let’s celebrate the festival of lights with some strong vows for the next one year. Apart from wishing a safe and happy Diwali, wish you a financial independence.
1. Start saving from today – If you believe in earn more to spend more, modify it a little to make it earn more to save and spend more.
2. Stop futile expenditure – If you indulge in conspicuous consumption, try cutting that down gradually. Go step by step.
3. Lesser use of credit cards – Human psychology says if you pay in credit, you can spend more. Well, that’s a myth because at the end of the day, the amount gets debited from your account. So, the more you are aligned towards spending using credit cards, the more you tend to spend.
4. Invest in health – This Diwali, take an oath to keep your health check regular to avoid spending fortunes later on by ignoring your health.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Ready to move in flat vs Pre launch investment
I have seen a lot of people preferring to invest in prelaunch properties, eagerly waiting for the possession. On the other hand, many wants to do away with the anxious wait with ready-to-move-in flats.
Both have their pros and cons.
Pre-launch investments:
Pros:
- Lesser down payments. You can also have a lesser EMIs rolling up.
- Less documentation
- Customizations are possible
- You get more time to do the registration.
- You have a good time period before EMIs start.
Cons:
- Spend on the rentals till you get possession.
- Possession might delay.
Ready to move in:
Pros:
- Save on your rentals
- Easy to sell
- Rent it out instantly to generate income
- Get to know your neighbours
Cons:
- No customisations possible
- Costlier than prelaunch properties
- Lesser time to arrange finances
- More documentation is there is a previous owner
Weigh these pros and cons to make your decision.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Top tips for newlyweds, renting a house in India
Firstly, congratulations on getting hitched! Wish you a wonderful journey ahead.
With newly-wed couples hunting for houses, scouting through real-estate portals and every alley around the corner, let’s help you with the most important tips. Keep them handy!
1. Go for a joint home loan – both of you can share the EMIs.
2. Find the right real-estate agent.
3. Ensure your Vaastu is checked, even if it’s a rented house, only if you believe in it.
4. Have an extra room because guests are likely to drop by after your marriage.
5. Don’t rush; take time to find the right house.
6. Ensure that you have power-backup, if you are planning to work from home.
7. Check the water supply and don’t forget to ask if water bill is included in rent.
8. See the internet connection there. A lot of houses have poor network connectivity.
9. Check on the cleanliness of the apartment.
10. Talk to the existing residents of the flat to check if they are satisfied with the house.
11. If you own a vehicle, parking space is a plus
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Covid tenure - is it worth a real estate investment?
During the Covid era, we have seen a lot of properties, commercial and residential, getting vacated. There have been rampant emptying of rented houses and sharp plummeting of real estate prices. Abandoned flats, deserted malls and pubs, vacant office spaces and restaurants were common spotting.
The surprising part is that, some of the smartest individuals took this situation to their advantage. With the prices having plunged sharply during the pandemic, those with a higher visibility and more purchasing power parity could rent in good houses at lower rates, buy houses at lowest-ever prices as well as rent in and buy commercial places to turn them into cafes, eateries and more.
Covid tenure is favorable for real-estate buy because of:
• changing home preferences leading to demand for houses
• more of remote work and study
• lower interest rates on home loan from major banks in India
• affordability within reach
• economic recovery on the rise
• higher recovery rate
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
What all can you trade on the NFT marketplace in 2022
Non-Fungible tokens, the buzzword of 2022, has indeed taken the market by storm. Not only has it created a rippling hype across the entire virtual world, but has provided immense opportunities to make money.
So, what has this year brought for us in NFT marketplace? It’s of course, an amazing place to trade any of your creative stuff. Let’s grab those all!
1. Music: Now you can be the first winner to grab an original music piece from your favourite musician. Musicians are now launching their music productions directly on NFT marketplace.
2. Artwork: Popular NFTs in 2022, digital artworks actually top the list. Be it photographs, paintings, sketches of drawings, NFTs market them all.
3. Memes: Yes, memes are selling like hotcakes in NFT markets.
4. Videogames: Thanks to blockchain, games are popularly traded items on NFT marketplaces.
5. Fashion: Beauty and fashion found a new platform to trade on NFTs.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Capital for your real estate investment - smart way to get started
Real Estate Investment can really be fun only if you are smart at it. Not only does it entail income tax benefits, but also serves as a wonderful stream of passive income for the life time. Capital raising is indeed a saviour in this aspect, but how do you ensure that you start at the right note?
Private loans: Here we are talking about private individuals intending to invest on a high collateral. They typically don’t bother about credit scores much and hence you get to work on them more.
Hard money loans: These come from professional lenders holding license to invest. However, these come with pretty high interest rates, but are disbursed at lightning speed.
P2P Loans: Peer to Peer loans operate through online marketplace where you connect to potential investors investing at lower interest rates.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Intelligent ways to be a crypto investor in 2022
Crypto, NFT, Decentralisation, and Blockchain are high-tech and fancy terms floating across the air. Now, as investors spanning various age groups get into the euphoria of increasingly investing in cryptos, there are also higher risks. So you have to be smart when buying virtual assets to ensure risks are well compensated with benefits.
1. Do thorough research before investing in one. Connect to veterans who have been playing in the market with huge gains.
2. Invest in play-to-earn. Get your ball rolling in numerous crypto games which let you win by playing.
3. Do not rush through the hype. Instead, stay in the market patiently instead of getting trapped in the bubble. Start with investing in market leaders – Ethereum and Bitcoin.
4. Watch out for scams. Do not get swept with lucrative emails by fraudsters.
5. Keep a check on the volatility of the market while investing.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Can metaverse island beat the property investment
Can metaverse island beat the property investment
Metaverse has no wonder caught the fancy of property investors, fancy real-estate buyers, and other tech-lovers of the current generation. The sale of metaverse properties crossed $500 million in 2021, and the figures are counting in 2022.
As of now, metaverse property buyers are focussing on Somnium, Cryptovoxels, Decentraland, and Sandbox, but new platforms are mushrooming. So, the question is, will the metaverse island bubble crash real property investment?
Well, both have their own set of customers. It’s all about preferences and affordability. One of the stories is – that you gain higher ROI by investing in virtual islands. Also, you accumulate more virtual assets for yourself and your next gen. So you get to invest in land, buy properties, and host conferences, meetings, and shows by connecting online.
On the flip side, for those who love human connection, the serene nature and want to experience the reality of dwelling in a dream property in a natural locale, the real-life property takes the upper seat.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Importance of financial freedom post-pandemic
Financial independence has been spearheaded
more than ever post the pandemic. While the world is still grappling with the
effects of this deadly Covid-19 in every aspect of life, it’s time to really
buckle up and think about finances more seriously. So what do you feel, guys?
Many have lost their only source of
income. Even scarier, when the sole breadwinners lost their job, the entire
family was harshly swept. So, we all understand how important it is to have
financial ownership to be so heavily shaken by such disturbances in the world.
No specific salaried job can’t really
guarantee income security, and we have seen that clearly during the pandemic.
Hence, get ready to achieve financial independence, even while being employed.
So, what three things can you do?
1. Get personal health insurance alongside the one offered by
your organization.
2. A passive income source.
3. Some emergency fund savings.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Ways to be financially independent in 2022
Not the amount of money that makes you
financially free, but the habits. It’s about having your financial life under
control. The year 2022 is significant to set your financial ownership as we recover
from the brunt of the pandemic.
Let’s jump into some tricks to make you financially free this year.
- First, analyze where you are currently. Next, check your debt, income, investment, savings, etc.
- Write your goal about where do you want to reach financially at the end of 2022.
- Start with health and life insurance if you don’t them already.
- Make healthy investments like PPF, MF, Stocks, FDs, and bonds. Make sure the instrument is safe.
- Start a pension fund to ensure your finances are safe after 60.
- Keep a fixed proportion for savings and emergency funds.
- Find atleast one parallel source of income.
JNUite, reader, explorer and writer with economics backgroun
#personalfinance #financialfreedom #crypto #realestateinvest ...
Top Tips to make you financially independent by the age of 35
Do you slog at work to make ends meet? Well, the majority does the same. With too much work, you might lose out on investing in your passions and travelling across the country, let alone the globe.
Here are incredible ways to make you financially independent and retire from your 8 to 8 job by age 35.
·
Don’t go overboard with your spending - With a new job, do not indulge in excess
spending in the early years of earning.
·
Plan on saving –
Keep a stipulated 30% income in a savings account.
·
Investment strategy –
Have an eye on investment plans like MFs, Equities, Shares and stocks, Insurance,
and more. This can help in tax exemption as well.
·
Start an alternate career – Do not just depend on salary. Instead, start a new
profession parallelly that you are passionate about.
Best wishes!