My maiden book's pre-launch..patience pays big time.

Robert H. Schuller once said, 

Never cut a tree down in the wintertime. Never make a negative decision in the low time. Never make your most important decisions when you are in your worst moods. Wait. Be patient. The storm will pass. The spring will come.

How true. There were times when it was the easiest thing to lose patience with persistent delays in the launch of my book (From the Rat Race to Financial Freedom), when most of my friend circle inquired about another "new date" that i wish to propose for the launch of my maiden book attempt. There was a stage when i started appreciating even my friends, for having the patience to keep coming back to me and asking for a new date for book launch. 

Ah !! things have changed since then !!

Comprehensive or Third Party Insurance for your vehicle

Background
Third party insurance and Comprehensive insurance are two options available for owners who want to insure their automobiles. Owning a new car is a delightful experience and a car is a thing of pride for the owners. Getting it insured is a necessity. There are people who consider their car as an asset and hence go for a comprehensive insurance, while others take it as a utility to cover distances and are satisfied with a third party insurance only.
Whatever the type of car insurance you opt for, it is a fact that getting insurance is a must for your car. Understanding the differences between a third party insurance and a comprehensive insurance can give you the required knowledge to take an informed decision and be prudent about optimizing your vehicle insurance expenses.

What is Systematic Withdrawal Plan (SWP)

Background

Most mutual fund investors know how systematic investment plans (SIPs) help tide over market volatility by averaging out costs during good and bad times. It’s not only a hedge against ups and downs, but also a convenient mode of investment because you don’t have to write out a cheque, fill up a slip and submit it to the mutual fund every month. What about systematic withdrawal plans (SWPs)?

Term Insurance Vs Whole Life Insurance

Background

When it comes to buying life insurance, neither there is any dearth of plans nor are the insurance companies and their well meaning agents shying of bombarding you up with options. Two of the most fundamental life insurance plans are Term insurance and Whole life insurance. Knowledge about the right insurance plan to buy for yourself can not only save you lot of money but also give you the appropriate risk coverage.

8 Thumb Rules and Ratios you need for your personal budgeting

Making your personal finance work is important, and there are some rudimentary ratios and multipliers that give you a fair idea of where you stand with respect to your budgeting decisions at your home. Let us have a look at those.

What is Wealth Tax in India

Background
Most people believe that paying their taxes diligently and timely will help them to get a good night's sleep and so, they discharge their tax liability year after year by paying income tax on time. However, many taxpayers remain ignorant about paying another form of tax -- which is charged on the assets gathered by them over time. Known as the wealth tax, it is the less famous sibling of income tax, which is payable on the wealth accumulated by individuals over the years. As it is an additional tax, it is levied over and above the income tax.

Reduce your tax burden by owning a second house

Background
As your wealth goes up, you need to get innovative about the options that are available to multiply it further and faster. One of the lesser known options is to own a second home and get "unlimited" tax benefit on the interest portion of the home loan. Yes, theoretically, the tax benefit is unlimited since there is no cap to the interest amount eligible for tax benefit (the way you have a cap of rupees 1.5 Lacs on the interest part of the first home loan)