Money

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What is the 50:30:20 rule, and why is it crucial for middle-class savings?

The 50:30:20 rule offers a clear and pragmatic approach to managing personal finances, promoting a balanced and sustainable way to handle money.

2024-09-11T07:05:46Z

Bihar woman lands Rs 60 lakh job offer from Google. She isn't from IIT, IIM

Alankrita Sakshi, a BTech graduate from Jharkhand, secured a Rs 60 LPA job at Google as a security analyst, proving that success doesn't always come from prestigious institutions like IITs or IIMs.

2024-09-16T15:18:22Z

Gold near record highs: How far can prices rise?

Gold prices are trading near all-time highs. This is due to a weaker dollar and expectations of US interest rate cuts. On Monday, September 16, spot gold rose 0.2% to $2,580.81 per ounce.It follows Friday’s record high of $2,585.99 per ounce.In India, 24-carat gold was priced at ₹73,690 per 10 grams.The rate increased by 2.52% over the past week. In the last 10 days, it rose by 2.87%.What’s driving gold’s rise?Weaker dollarThe dollar weakened by...

2024-09-16T04:31:21Z

Rent vs buy: What's the smarter financial move for you?

Renting offers the freedom to move, explore career opportunities, and invest in other ventures. Buying a home, on the other hand, offers long-term security, a sense of ownership, and equity building.

2024-09-15T06:22:11Z

View: Where do baby deposits come from?

The Reserve Bank of India's Governor has sparked debate by questioning whether deposits or advances come first in banking. The discussion centers on the impact of personal savings flowing into the stock market, affecting bank deposit growth. Experts argue that loans create deposits but not liquidity, emphasizing the need for stable deposits for credit growth.

2024-09-16T06:19:11Z

BSE shares surge 19% to hit a record high; Is a potential NSE IPO the trigger?

Shares of the Bombay Stock Exchange (BSE) Ltd. jumped a little over 19% to hit a record high of 3,459 on Monday (September 16). The stock was also the top gainer in the Nifty 200 index.Last month, the National Stock Exchange (NSE) had officially sought approval for its initial public offering (IPO) by filing an application for a no objection certificate (NOC) with capital markets regulator SEBI.The exchange, in the past, had made an application...

2024-09-16T10:46:27Z

LG India has selected banks for its Indian IPO, plans to present offer soon as it eyes $1.5 bn valuation

South Korea’s LG Electronics Inc. is preparing for a potential initial public offering (IPO) of its Indian business, which could raise up to $1.5 billion. According to sources familiar with the matter, the company has selected several major banks, including Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley, to manage the offering.The IPO could take place as early as next year and aims to raise between $1 billion and $1.5 billion,...

2024-09-16T07:28:49Z

India’s buzzing IPO market is gearing up for bigger debuts

Indian companies are exploring larger IPOs, with Swiggy, LG Electronics, and Hyundai Motor's Indian units planning significant offerings. This trend follows India's economic growth and increased investor interest. Notable IPOs this year include Bajaj Housing Finance and Ola Electric Mobility, with most of the 240 offerings raising under $100 million.

2024-09-16T09:51:29Z

UK Spikes Financial Savings Requirements For International Students Starting January 2025

The UK government under Keir Starmer has raised the financial savings requirements for international students for the first time since 2020.Under the new guidelines, which will apply from January a, 2025, students will need to show that they have sufficient funds to support themselves for up to nine months. For those studying in London, the required amount will increase to £1,483 per month, up from the current £1,334.What’s NewAccording to UK...

2024-09-16T14:48:38Z

2024-09-05T12:37:34Z

Retirement Planning: How traditional life insurance products supercharge your pension plan strategy

Retirement planning has evolved, necessitating a steady income stream to manage rising costs. In India, where social safety nets are limited, traditional life insurance is vital for achieving financial independence and ensuring a secure retirement, regardless of when one chooses to retire.

2024-09-04T09:15:39Z

​8 reliable income sources for achieving financial stability​

​Explore eight distinct paths to generate income, each offering unique opportunities to enhance your financial stability. Whether you seek passive revenue or active engagement, there's an option tailored for you.​

2024-09-11T00:32:29Z

Do You Have Multiple PAN Cards? Here Is A Step-By-Step Guide To Surrender Duplicate PAN And Avoid Penalty

Under Section 139A of the Income Tax Act, of 1961, an individual is allowed only one PAN. Violating this provision can attract penalties as per Section 272B.

2024-04-17T06:27:08Z

Cryptocurrency Price Today (September 16): Bitcoin Stable At $58,000, Nervos Network Becomes Top Gainer

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable around the $58,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the reds across the board as the overall Market Fear & Greed Index stood at 36 (Fear) out of 100, as per CoinMarketCap data. The Nervos Network (CKB) token emerged to...

2024-09-16T06:11:49Z

UPI transaction limit increased to ₹5 lakh for three types of payments: Date and details

The National Payments Corporation of India (NPCI) has increased the transaction limit for three types of payments using UPI to ₹5 lakh for convenience

2024-09-15T11:44:20Z

Elon Musk to Become World’s First Trillionaire by 2027

The world’s wealthiest are competing to hit a milestone we never thought possible. It's the race to a trillion dollars. Leading the charge is the world's richest man - Elon Musk. By 2027, the Tesla CEO could be the world's first trillionaire. Who else is on the list? Why are some big names missing? Palki Sharma tells you.

2024-09-14T16:58:27Z

Pros and Cons of Buy Now, Pay Later; Is It Helping or Hurting Your Wallet?

In the fast-paced world of consumer finance, Buy Now, Pay Later (BNPL) has emerged as a game-changer. Offering the promise of instant gratification without immediate financial strain, BNPL has quickly gained traction among shoppers. But while this convenient payment option opens doors for many, it also carries potential risks. Understanding the pros and cons of BNPL is crucial for making informed financial decisions in a market where access to...

2024-09-16T10:30:25Z

RE-INVEST 2024: Adani Group pledges ₹4.05 lakh crore for renewable energy projects

Adani Group on Monday said it has pledged ₹4.05 lakh crore investment in renewable energy projects like solar, wind and Green Hydrogen at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024.According to the Shapat Patras (pledges) submitted at RE-INVEST to the Ministry of New & Renewable Energy, the group firms — Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL), have made investment commitments in renewable...

2024-09-16T09:40:33Z

SBI SCSS Account: 8.2% interest rate by post office savings scheme - Tax benefits, eligibility

SBI SCSS Account: Backed by the Government of India, Senior Citizens Savings Scheme (SCSS) offers lucrative interest rates, and one can invest up to Rs 30 lakhs in this SCSS. As of now., the interest rate is fixed at 8.20% per annum for Senior Citizens Savings Scheme with the State Bank of India.

2024-09-16T12:45:01Z

Essential steps and considerations for individuals looking to embark on a career path in finance

For several reasons, the number of people showing intent toward job change in the financial sector has increased tremendously.E

2024-09-13T08:28:20Z

Gold, silver price today, September 16, 2024: Precious metals record hike on MCX

Gold Price Today September 16, 2024: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Monday. Check the latest city-wise prices here.

2024-09-16T04:22:31Z

Arvind Sanger on why India may not benefit even if Fed cut rates by 100 bps between now & December

Arvind Sanger, Founder of Geosphere Capital Management, discusses the impact of the potential US rate cuts on emerging markets. He notes that while India has a strong growth story, its stretched valuations may limit its benefit compared to other undervalued markets. The Fed's upcoming decisions are crucial for market dynamics.

2024-09-16T04:36:22Z

Gold Price Today: Yellow metal gains Rs 2,000/10 gm in 1 week, while silver gains Rs 6,400/kg

Gold October futures at MCX opened higher at Rs 73,645 per 10 gram, while silver December futures surged nearly 1% to Rs 90,008/kg. Internationally, gold prices approached record highs due to a weaker dollar and anticipated aggressive rate cuts by the U.S. Federal Reserve.

2024-09-16T04:06:22Z

Karnataka online trading frauds: Losses skyrocket from Rs 23 crore in 2022 to Rs 903 crore by mid-2024

In April this year, Saurav Kumar*, a resident of Bengaluru’s Electronics City, came across an advertisement for stock market investments while browsing Facebook. Intrigued, Kumar joined the WhatsApp group that the Facebook post recommended, where stock market tips were regularly shared. Many of the group members were sharing the gains made on their investments and their success in getting shares allocated during initial public offerings (IPOs)....

2024-09-16T09:44:01Z

UPI Payment Limit Hiked To Rs 5 Lakh For These Transactions Starting Today

UPI Payment Limit: Taxpayers in India will be able to pay up to Rs 5 lakh per transaction through the Unified Payments Interface (UPI) from today (September 16), following a new directive from the National Payments Corporation of India (NPCI). This marks a significant increase from the previous limit of Rs 1 lakh and comes in response to the growing use of UPI for high-value transactions. The NPCI issued a circular on August 24, 2024, announcing...

2024-09-16T07:29:50Z

ECB cut benchmark rates, Fed set to cut rates soon, How will India react – Is a rate action in the offing?

While the ECB delivered a quarter-point interest rate cut, and the US Federal Reserve expected to announce its first interest rate cut, DBS Bank said that India is forecasted to keep a watch on inflation.

2024-09-16T06:56:09Z

2024-09-04T12:10:28Z

Got lucky in Bajaj Housing IPO? Analysts suggest to hold it for long-term

Bajaj Housing Finance's IPO, which saw massive investor interest, is expected to list at a significant premium. Analysts recommend holding the stock for long-term gains despite high valuations. The IPO's success may also lead to a re-rating of other private NBFCs in the housing finance sector.

2024-09-16T02:21:21Z

NPS Calculator: At 30, how much should you invest to secure Rs 1 lakh monthly pension after retirement?

Starting NPS investment at age 30 with a monthly contribution can help you accumulate a substantial retirement corpus, and investing a portion in an annuity can bring you close to a monthly pension of Rs 1 lakh.

2024-09-14T15:42:06Z

4 Smart Strategies To Save Money While Managing Your Spendings

Tips To Save Money: One of the most crucial habits you can form is saving a portion of your income, as it acts as a safety net to help you navigate difficult times and unforeseen challenges. Having a financial cushion ensures that you won't have to rely on credit cards or loans, which can lead to debt and worsen an already challenging situation. By systematically saving even a small portion of your monthly salary, you can eventually build a fund...

2024-09-10T11:03:11Z

Petrol, Diesel Price Cut On Cards? | Investors Are Eyeing 'Faith Tech' | 5 Top Stories In 4 Minutes

New Delhi, Sept. 16 -- Petrol, Diesel Price Cut On Cards? | Investors Are Eyeing 'Faith Tech' | 5 Top Stories In 4 Minutes | Top Of The Morning | Top headlines for 16 September | English podcast | Crude oil prices have been crashing, and currently cost around 70 to 75 US dollars. Naturally, expectations of a cut in the price of petrol and diesel have risen. These rates were last revised prior to the general election. Here's how likely a price cut is. Also on the show - In India, where tradition meets tech, there's a rising star sector: faith-tech. It's catching the eye of big-time investors like PeakXV Partners, Blume Ventures, and Matrix Partners. Just recently, AppsForBharat bagged $18 million in a round led by Fundamentum, highlighting the surge in interest. This year alone, the faith-tech sector saw its funding leap to more than $50 million from just $4.3 million last year. What exactly does this booming sector offer?

2024-09-16T13:14:39Z

UK housing market gains steam from BoE rate cut, but uncertainties linger

BoE rate cut: Britain's housing market gained fresh strength in September on the back of the Bank of England's first interest rate cut in more than three years and growing political stability following the July 4 election, according to property website Rightmove. According to Rightmove, there was a 0.8 percent rise in average asking prices on homes...

2024-09-16T01:17:04Z

RBI intensifies scrutiny on NBFC loan growth amid credit bubble risks: Report

The Reserve Bank of India (RBI) has sought detailed data from select non-banking financial companies (NBFCs) regarding their loan book growth, raising questions about systemic hygiene and the potential for a credit bubble, according to a report by Business Standard. The central bank has requested information on the outstanding loan portfolios, broken down by product type, as well as the annualized interest rates charged on these loans. The...

2024-09-16T02:43:44Z

Adani Power, Adani Green Energy shares surge

New Delhi, Sep 16 (PTI) Shares of Adani Power jumped over 5 per cent on Monday after the Adani group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4

2024-09-16T12:03:14Z

7 people in your life who should not know about your savings and income

Maintaining privacy about your financial status helps protect you from exploitation and ensures that your financial decisions are based on your own priorities and values, free from external pressures or expectations...

2024-09-03T13:43:56Z

US Fed rate cut meeting date and time: How much interest cut is likely?

The Federal Reserve is poised to announce its first interest rate cut in over four years following the FOMC meeting on September 17-18. Economists anticipate a 25 basis point reduction, with more cuts expected in subsequent meetings. This action aims to steer inflation towards the Fed's long-term goal of two percent.

2024-09-16T17:37:27Z

2024-09-16T13:44:19Z

Woori Bank adds two new branches, to expand presence in India

Mumbai: Woori Bank has expanded its operations in India by opening two new branches in Pune and Ahmedabad. These branches add to the bank's existing presence in Chennai, Gurgaon, and Mumbai. The expansion is part of the bank’s plan to increase its services to corporate and retail clients across key cities in India.A bank spokesperson said that the ...

2024-09-16T08:22:12Z

10 Degree Subjects Most Likely to Make You a Billionaire

Becoming a billionaire isn't certain, but certain college degrees can set you up for careers where you could make loads of money. Here are 10 degrees that are often connected to billionaires:

2024-05-02T11:12:26Z

Crypto Price Today: Bitcoin, BNB, Solana, and others fall up to 5% ahead of Fed rate decision on Wednesday

Bitcoin's 3% drop to $58,271 comes amid investor uncertainty following the Trump assassination attempt, leading to over $116M in liquidations. All eyes now turn to the Fed’s interest rate decision, with markets split between a 25 and 50 bps rate cut, Avinash Shekhar, Co-Founder & CEO at Pi42 said.

2024-09-16T09:21:32Z

Be A Millionaire Index Fund Investor (Index Funds vs. ETFs vs. Mutual Funds)

✅ Get M1* and buy stocks & ETFs automatically: https://theminoritymindset.com/m1 *This is an advertisement. Minority Mindset is a paid partner with M1. Subscribe to Market Briefs for FREE and get my daily financial newsletter: https://briefs.co/market/jaspreet ✅ Check out my products: 1. Market Briefs - Get my free financial newsletter for investors: https://briefs.co/market/jaspreet 2. Free eBook - How To Build Wealth As An Investor here: https://briefs.co/yt/build-wealth 3. Business Accounting - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: https://theminoritymindset.com/yt/accounting Recommended: How To Become A MILLIONAIRE: Index Fund Investing For BEGINNERS https://youtu.be/d1whZ7oBikU?si=_gCWLkVG9o8YSSB9 What Is The Minority Mindset? "The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh My recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube. ---------- ➤ Invest In Stocks Passively 1) 📈 M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) 🛡 Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) 🏠 Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ---------- ➤ Buy Gold Passively 4) 👑 Vaulted - Buy physical gold on autopilot: https://theminoritymindset.com/yt/vaulted ---------- Follow me: Instagram: https://www.Instagram.com/MinorityMindset Website: https://www.TheMinorityMindset.com Want More 🥑🥑? Minority Mindset Clips: https://www.youtube.com/minoritymindsetclips Minority Mindset En Español: https://www.youtube.com/minoritymindsetenespanol Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

4/7/2024 11:30:08 AM

Top 10 high-paying careers in India for 2050 and projected salaries – Insights from AI

Insights on the top 10 high-paying jobs in India by 2050 are based on AI chatbot responses and should be considered as preliminary guidance rather than expert analysis.

2024-09-01T19:06:22Z

Rupee rises 5 paise to 83.87 against US dollar in early trade

The rupee appreciated by 5 paise to 83.87 against the US dollar, supported by a weakening American currency and significant foreign fund inflows. Market participants await cues from the US Fed policy on Wednesday. The Reserve Bank of India's intervention has kept the rupee steady, with forex reserves reaching an all-time high of around USD 690 billion.

2024-09-16T05:06:24Z

Public Provident Fund: How much corpus can Rs 12,500 monthly investment in PPF make over 15 years?

PPF investors can avail tax deduction benefits of up to Rs 1.5 lakh. PPF investment falls under the EEE (Exempt-Exempt-Exempt) category, which means you can enjoy tax benefits on deposits, interest earned and maturity amount.

2024-09-12T04:26:21Z

Marks for money: Over 200 answer scripts seized from RG Kar ex-principal's kin, here are 7 nexus-driven exam scams that rocked the country

The Enforcement Directorate seized more than 200 answer scripts from Arpita Bera's home, linked to former RG Kar Medical College principal Sandip Ghosh. This is part of a probe into financial misconduct at the college. Authorities also confiscated property-related documents belonging to Ghosh.

2024-09-15T10:55:28Z

World Street | Oil prices tick up, Asian markets struggle, China retail sales disappoint, and more

In the September 16 edition of World Street, all eyes remain on the Federal Reserve's upcoming meeting, as market expectations for interest rate cuts intensify. The anticipation has also contributed to some upmove in crude oil prices, reflecting the broader economic outlook. Dive into this edition for a closer look at these developments and their potential impact on global markets. Asian markets mixed; majority markets closedAsian markets opened...

2024-09-16T02:58:44Z

Roblox to allow developers to sell games for real money, announces creator reward program

Roblox game developers will be able to sell their games for real-world money after a new feature rolls out later this year. The Roblox feature will come to PC first and then to other supported platforms, Roblox co-founder and CEO David Baszucki said in an official news post. Presently, Roblox game developers charge Roblox users a one-time Robux fee to play paid games. But from later this year, game developers can charge real money for access to...

2024-09-12T02:07:37Z

How can I plan for Rs 2 lakh monthly income after 15 years with 4 years of aggressive investing?

Building a corpus that provides a steady monthly income requires careful planning and realistic financial assumptions

2024-09-13T03:48:25Z

Indian hotel with Rs 6 tariff in 1903 is now Rs 1 lakh crore hospitality company

Tata Group's Taj Hotels has become the first Indian hospitality company to reach a market cap of Rs 1 lakh crore. The post-Covid travel boom is driving growth in the sector, with IndiGo also seeing significant gains. IHCL's CEO highlights the potential for further growth in Indian tourism due to infrastructure development.

2024-09-16T07:06:44Z

Planning to retire in 10 years? Know how a Rs 23000 monthly investment can help you in your retirement

Retiring early within next 10 years is a challenging yet achievable goal. We tell you how to calculate the required retirement corpus based on current expenses, expected post-retirement life, and inflation. We also outline investment strategies, including SIPs and mutual funds, to accumulate the necessary funds for a secure early retirement.

2024-09-14T00:41:21Z