Mindblown: a blog about philosophy.
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Good Debt vs. Bad Debt: How They Differ
“Although many see debt as a bad thing, it’s not always that straightforward. When you handle debt responsibly, it can actually be beneficial. Some types of debt can even help you build wealth. Knowing the difference between good and bad debt, and how to manage each, can make a big difference in your financial well-being.”Continue…
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Money lies
We will refer to these excuses as lies. They are not lies that you tell others; these are lies that you tell yourself as an investor. The sad part is, some of them don’t even appear to you as lies. You have started believing that’s the way things are, but I want you to confrontContinue…
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Factors that affect your credit report and score
Your credit report and score are influenced by various factors.Understanding these factors can help you manage and improve your credit. Here’s an in-depth look at them: 1. Late payment / missed payments 2. Higher percentage of unsecured credit 3. Too many inquiries in short span of time 4. Settlement of your loan or running awayContinue…
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5 Tips for pre-paying off the debt faster.
Paying off debt faster can be a challenging but rewarding financial goal. Here are five tips to help you accelerate the process of pre-paying your debt 1.Reduction of 10% expenses You cannot reduce your expenses by 30%, I know that. But you can reduce it by 10%, you know that. One of the things aContinue…
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How Wealth is Created?
How is wealth created? simply I say it is created out of making investments. You earn, make expenses, save money and invest for the long term that is how wealth is created Wealth is created with the help of strong wealth creating assets; every game has rules to follow and wealth creation is no different.Continue…
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9 Financial Resolutions for 2024
As the New year approaches, we get busy making resolutions related to health, lifestyle, etc. but do we ever make financial resolutions? But what kind of resolutions can I take? List of the financial resolutions for make your 2024 financial fruitful! I’ll assess my debts Assessing your debts involves taking stock of all your financialContinue…
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Effective Money Handling: A Guide to Efficient Money Management
Money management is all about financial discipline. It’s not acquired or inherited but developed over time with experience. Having good money management skills can help you sail through difficult situations without much difficulty. Effective management can help you live a financially stress-free life Why is Money Management Important? Here are some of the reasons whyContinue…
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Why Are Fixed Deposits a Popular Choice Among Indians?
Fixed deposits are a favored choice among Indians due to their promise of steady and guaranteed returns. With fixed and assured outcomes, it provides a clear picture of what you’ll receive at the end of your investment period. This reliability makes it a trustworthy option, aiding in efficient investment planning. Whether you’re saving for specificContinue…
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Lifestyle Inflation: Understanding the Impact and Strategies to Avoid It.
When one’s income goes up, their expenditure rises with it. This is known as lifestyle inflation Lifestyle inflation happens when we start splurging on non-essential things like dining out, travel, or luxury items because we believe we can afford it. This isn’t exclusive to the wealthy; it can affect anyone, irrespective of income levels. TheContinue…
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Plan for a Bright Retirement with SIP.
Retirement planning is critical, and it’s especially important to get started early and correctly Sujat Congratulations on your first job! It’s a great time to kickstart your retirement savings journey. Swarup Why begin now? Retirement is still more than 30 years down the road Swarup Let me savor life for now. I’ll consider investing moreContinue…
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