Not many of you may be aware that now you can only partially withdraw the accumulated provident fund corpus before retirement. According to a new rule notified by Ministry of Labour and Employment on February 10, if a person after being unemployed for two months or more, wishes to withdraw money from the EPF account,…
I regularly receive requests to help share with you what I do to save money. It’s natural for me to save because I’ve actually worked too hard to reach where I am today. But I’ve realized that it’s okay to spend money in order to create memories (for example, all the traveling we do). I…
We all have a plan ‘A’ for life, and maybe even a plan ‘B’. But knowing what your “Plan Z”, or last resort option, can help motivate you to go after what you really want from life. Visualizing the negatives gives you a stronger appreciation for what you already have, such as loved ones, good…
Significant Future Income Increases is Unlikely. Get the most for your money. Accumulate few small savings over an extended period of time. Implementing this approach does not require you to sacrifice a particular activity or your quality of life, but it can maximize the cost-benefit of each. More importantly, it gives you greater piece…
Retirement planning is one of the most important goals in the life of an individual. Typically, individuals prepare during their 30 years of working age acquiring knowledge, skill and sufficient income in order to live a good life post-retirement. The post-retirement life is expected to be as long, with increase in life expectancy and hence…
