Manoj Arora's Blog, page 30

Open your mind : Increasing your income is not the only way to get wealthy.

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Meet another freedom seeker : Mrs. Annapurna Sharma from Gurgaon

Last time, we met a beautiful and dynamic couple who are also managers in a global IT firm in California, USA : Amit and Prerna Raiwho are already on the journey towardsfinancial freedomnow.The response to such posts has been overwhelming. You can read more about their journey and experience till now byclicking here.



In continuation with our effort to interlock you with some common

Do you need a written plan to build wealth?

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How important it is to formally track your monthly expenses?

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How powerful can compound interest be?

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Does NPS investments fall under Section 80C? (QandA : 011)

Question : 011
Does NPS investments fall under Section 80C?
National Pension Scheme (NPS) has been the buzzword of discussions off late. Lot of our readers wrote to us wanting to understand if there are any additional tax benefits of NPS over and above what Section 80C has to offer?

Answer : 011

There are a number of options that people use today to save for their
pension needs, for example

Is switching of funds taxable (QandA : 010)

Question : 010
Is switching of funds taxable?
Let us say you want to switch from one mutual fund to another (of the same or another company) fund in less than 12 months. Will the switching attract short term capital gains tax?

Answer : 010

Yes, Switch in and
switch out would be treated as transfer for the purpose of deciding
whether a transaction is liable to capital gains tax.

In case

Are child insurance plans worth buying? (QandA : 009)

Question : 009
Are child insurance plans worth buying?
New parents are often overdrawn towards life insurance towards their angel who has probably just arrived on this planet. But is their any merit in buying an insurance plan for a child?

Answer : 009
The purpose of buying life insurance should never be forgotten before taking a decision to buy the same. The main purpose of any life

5 Financial Fallacies We Follow - Article in CWB magazine - by yours truly..

Complete Well Being is the world's leading magazine on living with awareness. You can visit them here. They published this article on most common financial fallacies in their most recent July 2014 edition, and it did attract some rave reviews.



This article had a dedicated 4 page section in the magazine.

You can read the complete article by clicking here.



And one of the first reviews