Take Loans, Fulfill Dreams.

Hello Guys,

Today we are here to discuss about "Loans". How it can help you fulfill your dream. In this new age of

modernization and luxuries, there are certain dreams , fulfilling of which ,may take lot of time. Loans certainly can help you fulfill it all your dreams. Let us know how loans from banks and nbfcs can help you fulfill your dream.

Now Lets take case :1. You are in the age of early 30's. You have worked for around 5-7 years. And you are now at a successful position in the company. You have been posted far away from your hometown. You along with your family are living in rented house. You pay rent for house. You can pay same amount as emi and own the house. Instead of paying rent for house you don't own. It's better to pay emi for the house and own it. 

Now lets take case 2. You belong to lower middle class family. You have studied well and earned good degree like CA, Doctor etc. You got good job. You earn handsome amount and are able to save too.. But you use Ola/Uber to travel. Your daily travel  cost you around rs 500/-. You work 26 days a month excluding Sundays. You spend Rs 13000 pm for travel. Instead you can pay emi of around rs 13493 and own premium car costing Rs 6 Lakhs to 7 lakhs. Thus instead of paying to car rental company and rely on them, you can pay emi's and have your own Car. m

After going through above two cases we come to conclusion, its not always wise decision to delay the dreams. If you have the dream, fulfill it through loans in short span of  time. "Take Loans, Avoid Burden, and Enjoy Life. "

Develop the Saving Habit...!!!

Savings...!!! As soon as you hear the word "Savings" you start thinking about how

to save, how much to save, and lot of more questions. Let’s today have a look on this. 

Whenever it comes to savings, people generally have the big excuse that their expenses are so much that they are unable to save any amount of their income. So first major step in new age is to spare the money to be saved first and then to adjust the monthly expenses out of the remaining amount. 

Second common excuse among people is that they are not rich enough to do savings. To be very honest, it’s not necessary to be a rich person to do savings. Whatever you might be earning low or high, it doesn’t make difference, it’s possible to save some amount of your income. Which then you can utilize for various purpose in life or keep it in various schemes & earn returns. 

Okay, so you now decided to do save some amount of your income. But then comes next question to anyone's mind is that how much amount one shall save from their income. In general it’s said that one shall save 30% of his net pay. To be more precise one shall save 30% of his income. This could be good amount of money that can help you to develop savings habit. 

Further then the question comes, where to invest this 30% of Income i.e. savings. There are 4 best options where you can invest this savings. A part of 30% you shall invest in RD (Recurring Deposits) which are available in all banks. Another part of Savings you can invest in SIPs (Mutual Funds). Another part of income you can invest in gold. And remaining part of income you shall invest in stocks which in long term will give fair returns.