Victor Tandy

In the vast landscape of personal finance, the choices we make with our money are often influenced by more than just numbers and logic. Our emotions, biases, and psychological tendencies can play a significant role in shaping our financial decisions. This intersection of psychology and finance is known as behavioral finance, and it’s a fascinating […]

I often come across people (most of whom are my clients), who say that they want good returns on their investment in insurance plans. The reasoning is, if they are paying for insurance, they not only get their investment back but also must get good returns. I’m sure, many of you think that way. There is noting wrong

Recently there were incidents where the scamsters withdrew money from bank accounts of victims bypassing all forms of authentication without triggering any alertness of the victim or banking system. They simply used the UID (Aadhaar) of the victim. How did they do it? You may think, Aadhaar is such a powerful tool and very much protected and

According to Knight Frank’s 2022 Wealth Report, the net wealth required to be in the top 1% in India is $175,000 (Rs 1.45 crore). This means that if you have a net worth of more than $175,000, you are wealthier than 99% of the people in India.   So, if you are not in that

Investing alone is not enough because it is just one aspect of overall financial management. Other factors such as budgeting, savings, debt management, and financial planning are equally important for effective money management.   To improve money management, here are some tips: Budgeting: Create and stick to a budget to track your income and expenses.

Financial freedom and financial independence are two concepts that are often used interchangeably, but they actually have different meanings. Let’s find out.   Financial Freedom: You have enough passive income to cover your living expenses You may still choose to work or run a business You have the freedom to choose your lifestyle and how

There are several myths in personal finance that can be harmful if they are believed and acted upon. Here are a few examples:   1. Myth: You need a lot of money to start investing.       Reality: You can start investing with small amounts of money, such as a few hundred rupees. There are

The eight stages to financial freedom are a set of milestones that can guide individuals towards achieving financial independence and security. Each stage represents a specific level of financial health and stability that builds upon the previous one. Here are the eight stages to financial freedom:   Financial Dependence: At this stage, an individual is

Personal finance refers to the process of managing one’s financial resources, such as income, expenses, assets, and liabilities. It involves making informed decisions about spending, saving, investing, and managing debt to achieve financial stability and meet personal financial goals.   The key areas of personal finance include: Budgeting: Creating a plan for managing income and

Good Debts: • Good debt is usually taken on to build wealth, such as a mortgage or a loan to start a business. • Good debt usually has a lower interest rate and longer repayment terms. • The return on investment of good debt can be worth the cost.   Examples of good debt include: