FREEDOM FROM FINANCIAL BURDEN

“Freedom is never dear at any price

It is the breath of Life

What would a man not pay for a Living?”

Freedom is a very liberating term. The idea of independence that was up surging in every Indian’s mind even before the 1857 uprising to  15 August 1947 when India managed to finally defeat the British and gain freedom from the oppression. Since then, every Indian is fighting for freedom. Independence from the worries, the problems of everyday life and the constant rebellions we face from time to time. In the recent day and age, our generation is constantly fighting for independence that mostly involves finance. Constantly burdened by the non-stop financial issues such an investments for the future, EMI’s to be cleared, loans pending, we have stopped living and given in the pressure of always climbing the ladders of success.

A generation that thrives on resource management, somehow financial management has never been a topic of discussion. With increasing expenses, social personas that we have to live up to, never ending wish lists, travel plans, the idea of wealth management is long forgotten. However, in ways which do not heavily impact our standards of living we can start saving from a tender age so that the reaps in our days of need are bountiful. Saving a little every month, creating bank accounts, availing interest from your savings are one of the few ways you can manage to save money for the old age, unforeseen circumstances, travel plans so in the time of need you are relaxed about your wealth and its benefits.

From the time you start earning, a little saving can go a long way. Today, we have a number of schemes and an array of options we can look at to save money. Investing in a mutual fund, buying real estate properties, opting to invest in gold, fixed deposits are the most effective and popular means to save a little by little every day. 

·     Investing in a mutual fund is a rewarding task. One benefit of mutual funds is asset diversification. You can invest in various stocks from different sectors thus using your money in different places. Another advantage of a mutual fund is the liquidity so the ability to get in and out is relatively easy without a major difference in the sale prices and the current market value.
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 Real estate is a budding industry with the prices hiking up rapidly. Investing in a property will always be beneficial. Cash flow by giving houses on rentals is a great way of making money without putting in a lot of your efforts. Dual income becomes an extra source of income in the house. It also is a great inflation hedge. A combination of rental income and value appreciation certainly beats inflation.
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Gold investments also have major advantages. The price is less volatile as compared to other assets. The gold market has a record of staying high for a long period of time which becomes the best way for people to preserve their wealth. It is also globally accepted which makes it convenient for use when needed. Fixed deposits give you a higher rate of interest as compared to a savings account. They also guarantee you returns for your investment

Apart from these there are various other options available which can help you safeguard/improve your financial health. This independence day we urge you to plan strategically, Invest smartly, and spend wisely.

Happy Independence Day !