Glimpse Of The Workshop
Women's current investment patterns, why don't women discuss money matters?, Importance of investing money for her, Women's characteristics that make them better investors, as well as how to get started or take the initial step.
Because learning starts with questions
Is Insurance an investment?
No, insurance is not an investment. When you invest your money, you expect your money to grow and give your returns. Insurance is a protection, it protects you and your family in emergencies. But both are equally important in terms of financial planning.
If I save, then do I need to invest?
Savings is the difference between your monthly income and expenses. Whereas, investing is when you put that money in various asset classes which gives you a return and you end up creating wealth. So yes, it is important to invest your savings.
How can I start planning for Retirement 15 years from now?
Understand your income and expenses, decide on how much amount you will need in the future considering inflation, this will bring you to the fixed amount which will be required at the time of retirement. Then start investing your money as per it.
How do you proportionate between short-term and long-term goals?
There is no right proportion, it depends up-on your financial goals. Each financial goal has specific tenure and the required corpus.