Your first income opens a gateway to financial independence. But how you map your finances from there on will decide the course of your life.
One’s first salary is a watershed moment in one’s life. It may be a paltry sum or a handsome one, but one is never going to forget it for as long as one lives.
In many ways, the first salary marks a significant departure from when one is a youngster, to the point where one is considered a ‘grown up’. It is a moment when one steps into the world as an earning member of society that can pay expenses and become responsible for themselves. If the salary is high enough, the person may even begin to shoulder the responsibilities of the household. Continue reading “Your first salary is your stepping stone to a stable financial future”
People who take up trading are often seen as gamblers or risk-takers. But trading is not just rolling dice and hoping for the best. Many people decide to trade before they get the right education for it, sometimes simply because they don’t realize there is an education to be had. But when it comes to trading, trading without knowing how can be costly.
Ask any successful trader what tools were most helpful in their training, and they are sure to mention a trading simulator. Trading simulators are designed to mimic what it’s like to trade on the market, without the risk of losing real money. Continue reading “What to Look for in an Online Trading Simulator”
Would you ever board a plane knowing that it has a poor safety record? Would you drive a car with the knowledge that not all of its instrumentation was functioning properly? These real-world examples are just as pertinent when translated into the domain of online trading. There are literally hundreds of investment platforms to chose from and each is naturally associated with unique benefits and drawbacks. Why is it so important to select the correct architecture and what are some of the hallmarks of a trustworthy firm? The answers to these questions will define success or failure within the modern trading community. Continue reading “Why the Right Trading Platform Matters”
When you come to now of the existence of tech debt in your code, it is time to address it without any further delay to keep it functional and also keep your business running. There are some easy and effective ways to repay the tech debts with interest. Your prime objective is to keep tech debts to the minimum and prevent any further accumulation, and that can easily be done by maintaining a strategic and planned development process. You have to ensure that quality of the code developed is perfect right from the word go and all measures have been taken to keep the code clean. This first-time-right work culture would ensure that there is no accumulation of tech debt in the long run. Continue reading “Easy and Useful Ways To Minimize Tech Debt Effectively”
Tech debt, which is inevitable for a software engineering and development business, is not just the responsibility of the business owner to regulate, control and address, but it is a team effort off all the staff of the business including the stakeholders. There are some specific actions which are meant for the stakeholders. When such actions are taken, it would effectively reduce tech debt and result in the proper functioning of the codes as well as the survival of the business on the whole. Now, there are several categories of the stakeholders, and every type has their specific role towards addressing tech debt and keeping it to the minimum. Continue reading “Responsibilities Of Stakeholders In Reducing Tech Debt”
The new guide boasts the fact that no data based material that can guide an individual or a company in the costs of an acquisition or merger exists. The quality of the material is based on the reputation of Firmex’s excellence in data analysis in the cloud. The reliability of the information is further supported by Divestopedia’s vast library of how to information about mergers and acquisitions. Continue reading “Report About Merger And Acquisition Free Guide”
To be frank, wealth management is beyond the scope of dummies. It needs to be well understood so that your future is safe. Wealth management entails a highly technical, professional and individualised service that combines financial and investment advice, accounting and tax services, and any other related financial advise for a set fee payable to an individual or institution. One who decides to venture into the domain must have a formal training background like CA, Costing or CFA holder.
Ever since liberalization in the early 1990s, life insurance in India has seen significant growth. Between April 2015 and February 2016, new premium income of Rs. 1.072 trillion (US $ 15.75 billion) was recorded in the country, at a growth rate of 18.3%. Till the end of February 2016, growth of 14.1% was seen in gross direct premium at Rs. 864.2 billion. Continue reading “Changing Life Insurance Trends in India”
Paperless Transactions are the Future!
Did you know that by 2017, India is set to cross the 500 million internet users mark? The growth in numbers is phenomenal, considering that it was 200 million in 2013. This rising number also includes the 314 million mobile internet users. Statistics released by IAMAI also reveal that the 3G user base in India is growing rapidly and will grow up to 61.3% during 2013-2017. Speaking in numbers, the approximate 82 million 3G user base in India at the end of 2014 is estimated to reach to 284 million by then end of 2017. Continue reading “Recharge Apps – A Window to Paperless Transactions”
If your wheels are turning and your mind is heading toward the realm of personal loans, then you are on the right track. Welcome to club borrow. More people are taking personal loans than ever before. In fact, CNBC reported a 30 percent increase of applicants from 2013 to 2016. Such people take personal loans to conduct a wide variety of tasks. One of the most common tasks for which consumers borrow personal loans is debt consolidation. Therefore, you have many sisters and brethren in the same financial boat that you are in. However, you have to develop a plan to make the personal loan work for you. You will have to take such a loan from a top provider. You should never just settle for any half-concocted loan product. Way too many respectable lenders are in the world for that. Continue reading “Personal Loans 101”
If you are about to open a savings bank account, we guide you through the procedure and the documentation required.
Every person who makes an income starts by opening a savings bank account. It is the best way to stow away one’s surplus funds and use it in the future for personal and professional purposes. Whatever money one earns or saves every month can be safely put away in the savings account. It is the best way to put away your savings and also earn interest from the bank. Continue reading “The step by step guide to opening a savings bank account”
It is interesting to know that as of June 2016, India recorded approximately 4,200-4,400 start-ups. According to a report by a top lobby group, Nasscom and Zinnov Consulting, India has the third highest number of start-ups in the world, behind only the US and the UK. It is possible that India will overtake the UK (4,500-5,000 start-ups) in 2017. Another important statistic to know is that most of the founders, almost three out of every four, are under the age of 35. Thesesure are the few guys who will be fulfilling their dreams early in life. Continue reading “An SME Loan Can Help You Build Your Dreams”
Although India has seen a decline of 13% in the monsoon during 2014 and 2015, the nation’s economy registered growth of 7.6% in 2015-16. Foreign investment reserves rose to a record value of US$350 billion. The Consumer Price Index (CPI) also came down from 9 to 5.4 during this period. The Finance Minister of India, Arun Jaitely, presented the Union Budget on February 29, 2016, with a special focus on income through taxes and foreign direct investment. There were many reforms included for finance companies in India as well. It also focused on the development of the agriculture and health care sectors. Here’s how the Union Budget could affect your finances and finance companies in India. Continue reading “What Does the Budget 2016 Mean for Your Finances?”
Opening a Fixed Deposit account is something of importance in today’s economy. But, how does one ensure that their FD gets them the best possible returns? Read on to find out.
Fixed Deposit accounts are a type of savings account that functions on a fixed interest rate for a predetermined period of time. Once the account matures, the interest is then credited to you, the investor. Fixed Deposit rates in India are constantly fluctuating, so if you opened your FD at a reasonable interest rate, then you probably have nothing to worry about. However, here are a few ways to improve your returns from your FD. Continue reading “7 secrets to improve your Fixed Deposit interest”
When you think of April, do you feel a fondness for warmer weather and flowers, or do you feel a sense of dread for the tax deadline? It seems like a lot of people these days focus too much on the negative aspects of filing their taxes. Some of them think about it so much that they forget to appreciate the return of spring. It probably doesn’t help that taxes are in the news due to elected officials who want to lower taxes even though the United States has one of the lowest tax burdens in the developed world. Continue reading “Myths about Tax Refunds”
Why should you opt for term insurance over other life insurance products? We present four compelling reasons.
Every person is aware of one basic fact of life: it changes in one instant. There is nothing one can do to prevent future tragedies from taking place. At best, one may prepare oneself emotionally and financially to meet a future mishap with equanimity.
However, despite being aware of this basic fact of life, not every person takes proactive steps to pre-empt the financial ramifications of a future setback. While one may feel that one’s savings can help in times of a crisis, the reality is that just one visit to the hospital can wipe out not just your savings but everything you own. On the other hand, unpaid debts can haunt the family when the primary earning member is absent from their lives. No matter how diligently you save your money or how carefully you live, there is no way to predict how soon or late a catastrophe may strike. Continue reading “4 essential factors to consider before buying a term insurance plan”
Trading binary options is becoming increasingly popular among the traders on Forex market. It is fast and engaging, making you stay focused on a given task in front of you. Additionally, you have to pay close attention to even the tiniest details and act quickly at any times. It is one of the most dynamic ways of trading today and the payoff can be really high if you use a solid binary options trading strategy. Continue reading “Binary Options Strategies That Work”
Even though high leverage is one of the things that make Forex trading so interesting and alluring to many financial traders, it also brings plenty of risk to the table. Yes, it can lead to profit and you might earn a lot of money. On the other hand, the market might go against your position leaving you with an enormous deficit and debt to the brokerage firm you are trading with. Continue reading “Why Choose Negative Balance Protection Broker?”
It goes without saying that the information technology progresses with the speed of light. Just some decade ago the computers we used to have were less powerful than our smart phones nowadays. Signing up for a certain cloud storage service would grant you as much memory for free as it just was not possible to fit into a single room some 30 years ago. Technological development certainly drives progress in our lives and today we are going to uncover a very interesting niche – trading. Continue reading “How does trading software progress?”
In today’s world, growing businesses find themselves looking for ways to improve their profits through much more efficient methods. An option that seems to be a great alternative is Forex trading. This helps such businesses to work with the different types of currencies that best fits their needs regarding crucial aspects of their business, such as expansion into foreign markets.
The other most reliable alternative is to reinvest capital in order to gain more liquid currencies profits that would goon to areas like market research or any other internal operations that require capital when traded back or to make outside purchases. In this manner, the financial position of a business can see dramatic increases by utilising forex and CFDs from different trading platforms. Continue reading “Business Improver: Forex Trade”
Successful entrepreneurs are good strategists. They have foresight to spot future trends. They have insights to commercialize and execute ideas. But most entrepreneurs might have little or no exposure to system of accounting their business transactions. Growing number of technology start-ups are ideated by technical specialists with expertise in their area of interest. The big questions are – is there a serious need for them to know the importance of accounting at the start-up stage? Does lack of accounting exposure affect the way business decisions are made in a newly established innovative venture? How can knowledge of accounting make difference to the management of start-ups? Continue reading “Accounting for Startups”
The financial economy of the world is heavily dependent on the health of the banking system. No other industry has probably that much of an impact directly to the welfare of a nation. In this infographic, we highlight the nature of mergers and acquisitions which have happened for some of the biggest names in the banking industry, namely Citi group, JP Morgan Chase, Bank of America and Wells Fargo. Continue reading “M&As of Major Banks – A History”
Mortgage rates are repaid or written off over a preferred loan term and they depend heavily on the annual income pf the loan taker. To determine this figure, most mortgage companies calculate certain ratios based on which they evaluate the monthly mortgage payments of both the interest as well as the principal. The flexibility varies with each company, but are you yet to decide which suits you best? Continue reading “Mortgage Rates- Which one is best for you?”
This is an infographic created by a guest author for the Banking Industry. The author can be connected at : http://www.eazycash.ca/ (Garry Bidwana) Continue reading “Infographic – Banking Industry”