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Harmonizing Personal Finance and Spirituality (Path to Wealth)
In today’s materialistic world, the pursuit of wealth often takes precedence over spiritual well-being. However, integrating spirituality into personal finance can lead to a harmonious and balanced approach to wealth creation. By aligning our financial practices with the spiritual principles, we can cultivate a mindset of abundance, gratitude, and mindful stewardship. In this article, we will explore how spirituality can be practiced in personal finance, allowing us to navigate the realm of money with a deeper sense of purpose and fulfillment. Cultivate Abundance Consciousness The foundation of spirituality in personal finance begins with developing an abundance mindset. Recognize that the universe is abundant and holds infinite possibilities for financial prosperity.…
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Building an Emergency Fund along your financial journey (Way Forward)
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Trim wasteful expenses to boost up savings [Budgeting]
Have you ever wondered where has all the salary you’ve earned has gone? The majority of people and employees, in particular, feel that they have enough money during the beginning of the month (or) year. But by the end of it, most of us wonder as to where all the money had gone. Wasteful expenditure is one of the primary reasons for this. Fixing this will automatically improve our savings. Further, most of us think that savings need to be goal-based. Morgan Housel in his book Psychology of Money says that savings need not be done only when we are planning for a goal to be achieved. Given the uncertainty…
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Income statement – A keystone in the stock analysis (Fundamentals)
The income statement is one of the Reports Troika that indicates the financial status of a company and is a key document in the process of Fundamental Analysis. The other two being the Balance Sheet and the Cash flow statement. Today our discussion revolves around the Income statement, synonymous with the Profit & Loss (P&L) statement. What is an Income Statement? The P&L statement is usually published quarterly & annually to show if the organization has made profit or loss during the period. Further, It is crucial to publish, as it promotes transparency, builds confidence among the stakeholders like business owners, organizational management, shareholders as well as consumers. To put…
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Building an Emergency Fund along your financial journey (Way Forward)
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Risks and uncertainties of your Investment portfolio (A guide)
Life is an unknown and often adventurous journey. There is always an element of surprise in the next second, while we are busy living our lives. Risk is something that is always present inherently given the uncertainty of events in life. If we have the ability to predict (or) know the future, then maybe, that would be a smooth ride. But that is in a utopian world where everything is perfectly alright. These things equally are true within the realm of Finance. How I managed to build a portfolio while facing intermittent risks along the way? It’s been three years since I have started taking Personal Finance and investment matters…
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Building an Emergency Fund along your financial journey (Way Forward)
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Buy and sell stocks with KYC [fundamentals]
The importance of Fundamental Analysis cannot be understated while picking a stock for investment. Investors like Warren Buffet, Peter Lynch, George Soros who have made it big in the market by investing have always emphasized the Fundamental Analysis as the first step for picking the stocks. Today know about those dimensions of Fundamental Analysis whose scope falls outside of the Financial ratios and Financial statements. What is KYC of a stock? Though the company performance can be analyzed using fundamentals data like Financial Ratios, Financial Statements, there are few aspects that are not present in these. I have grouped them under the term KYC i.e., Know Your Company. Knowing Your…
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Building an Emergency Fund along your financial journey (Way Forward)
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7 Financial ratios that help you pick great stocks (Analysis)
Fundamental Analysis plays a major role while picking a stock for investment. Typically the present financial decisions are taken keeping in view of the past performance of the company, to decide the future value that it brings to the investors. Financial Ratios give us information about the company’s past performance and form a significant part of the fundamental analysis. Financial Ratios List Here are some of the financial ratios that can be looked at while picking up great stocks for investing. 1. Price to Earnings (PE): It is a comparison between share price to the earnings per each share. It gives an idea of whether the share of a company is…
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Building an Emergency Fund along your financial journey (Way Forward)
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Top 5 ways to earn money [A guide]
Money is something that plays a major role in our lives, is an undeniable truth. I see hundreds of questions daily on various social media platforms such as Youtube, Quora, Facebook, Reddit, Twitter, etc. So I’ve decided to write a few ways (not in any particular order) that I found are really worth exploring in order to make money. These are not, get rich quick ways, and neither I am promising that you’ll become a millionaire or a billionaire by using these inputs. At the same time, if one is prudent enough to use these ways effectively, we cannot rule out the possibility of one making good money. So given…
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Building an Emergency Fund along your financial journey (Way Forward)
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How to pick the right stock? (Analysis)
Stephen Covey, the author of The 7 Habits of Highly Effective People says, “You are a product of your decisions, not your circumstances” emphasizing the importance of decision making in our success or failure. Our decisions become all the more important when it comes to investing in stocks. Everybody aims for a 2-bagger, 3-bagger, or a multi-bagger but fundamentally it is our decision to pick a stock that is earning us money. So let’s come to the real question, how do we arrive at a decision to pick a particular stock? There are different ways but primarily categorized as – Fundamental Analysis and Technical Analysis. Fundamental Analysis is important to…
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Building an Emergency Fund along your financial journey (Way Forward)
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Top 5 books: financial intelligence all in one (Must read)
“A good book is a good friend” is a well-known proverb. This is an absolute truth when it comes to the financial realm. Although we have many books that deal with personal finance, investing strategies, and wealth, some books have the potential to create a larger and stronger impact on our minds. Below are some such books, that can expand your thought process and make you think in a much broader perspective. Here we go, starting with the book written by the famous investor of the 20th century, Benjamin Graham. He is also called the “father of value investing” and also well known as “the guru” of Warren Buffet. The Intelligent…
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Building an Emergency Fund along your financial journey (Way Forward)
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Is Stock Market really a scary place? (to invest)
Ever wondered why many people think of the stock market as a scary place? This is the question that I’ve tried to peruse many a time. During my graduation days and early career phase, many of my relatives, friends aren’t aware of the stock market as an investment option at all. Whoever knew about it, had shown aversion towards. And that list also includes me. Even today there are many who come under such categories and who knows, they too might’ve got the same question within their minds. The general perception – Stock Market There are varied reasons for this, and some of them are also valid. When it comes…
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Building an Emergency Fund along your financial journey (Way Forward)
