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How to learn personal finance?

 How to learn personal finance? Personal finance in India is a vast and dynamic field, with its own unique set of challenges and opportunities. Here's a breakdown to get you started: Challenges: Low financial literacy: Many people lack basic knowledge about managing money, making them susceptible to scams and poor financial decisions. Income inequality: The gap between the rich and the poor is significant, making it harder for many to achieve financial security. Inflation: Rising prices can erode savings and make it difficult to plan for the future. Formal vs. informal sector: A large part of the workforce is employed in the informal sector, which often lacks access to financial products and services. Opportunities: Growing middle class : The Indian middle class is expanding rapidly, creating a larger market for financial products and services. Government initiatives: The government is taking steps to improve financial literacy and access to financial service
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What is Risk Profiling? How can you understand your Risk Profile?

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How To Build Your Emergency Funds And Short-Term Savings - Cash Is King

How To Build Your Emergency Funds And Short-Term Savings - Cash Is King "Cash is king" is a wise saying, especially when it comes to financial preparedness. Building a strong emergency fund and short-term savings can bring peace of mind and protect you from unforeseen bumps in the road.  Building both an emergency fund and short-term savings can be crucial for financial stability and peace of mind. Here's a guide to help you achieve both: Emergency Fund: Identify your goal: Aim for 3-6 months of living expenses. Adjust based on your dependents, job security, and potential emergencies. Track your expenses: Create a budget to understand your income and spending habits. Identify areas where you can cut back and allocate more towards savings. Start small, set milestones: Don't overwhelm yourself. Begin with achievable contributions, like $25 per week, and gradually increase them as your comfort level grows. Automate savings: Set up automatic transfers f

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