Your guide to Financial wealth
As an effect that has been talked a lot about but not necessarily understood what it actually is or how/if it affects your personal finances, inflation feels relevant. To put it simply, inflation is the rate at which the price of goods and services rises over time. With rising prices,…
Time is your greatest asset in the accumulation of wealth. The earlier, the better, in the sense that you will be better off with the magic of compounding, the less likely you are to take a risk and the sooner you will be able to realize your financial dreams. Even…
The Rule of 72 is a very useful rule to state the amount of years required to double an investment in an annual period constant rate of interest. It is also a pragmatic instrument for investors, savers or anyone who wants to understand the mystery of compound interest, though no…
Compounding is a very common financial term, which means that an investment becomes worth more and more through the compounding effect of earning in the previous period’s contribution to higher (return) earnings in subsequent periods. This consists of, reinvestment of interest/income, for growth of the investment. Compounding is valid for…
Government Debt and Deficit are focal parts of any economy, affecting its monetary wellbeing, development direction, and money value. In India, understanding the association between these elements and their implication for the Indian Rupee is fundamental for upgrading monetary proficiency. let’s investigate these connections to give a clearer image of…
Currency and Exchange Rates assume a basic part in worldwide exchange, finance, and financial security. They decide the amount one currency is worth as far as another currency is concerned, and their fluctuations can affect the cost of labour and products, the productivity of organizations, and the wealth of people….