Wealth Crafts

Don't fall for these traps. Understand how No Cost EMIs work before you opt for one.

There are too many posts on how to buy a house. But if I were a freelancer, here’s how I’d actually do it. (After talking to 40+ different freelancers) 1. Use the 40-30-20-10 budgeting rule - Spend 40% on essentials and 30% on lifestyle - Keep 20% saved in a bank account - 10% could be kept aside for miscellaneous expenses Helps you maintain discipline with your spending habits. 2. Use tax deductions - Claim deductions on home loan interest and principal repayment - Reduce the effective cost of your home loan Many freelancers overlook the tax benefits of a home loan. 3. Buy vs rent   - Forget what people say about this issue - Choose what makes you happy - Even Nikhil Kamath bought a house eventually 4. Make a long-term decision - If you’re going to live at a place for 10+ years, go for buying a house. - Still exploring? Better rent it. 5. Don’t ignore “hidden costs” - Consider other expenses like interiors, stamp duty, and maintenance - They all add up as your total cost Freelancers often overthink these decisions. But successful freelancers follow these tips from Day 1. Don’t overcomplicate anything.  Just follow these simple steps to make that “big” life decision. Repost ♻️ if you liked this video PS: Do you like to live in a flat or an independent villa?

What is your investor personality? Comment Below! #FinancialAdvisor #PersonalFinance #WealthManagement #FinancialPlanning #InvestmentAdvisor #FinanceTips

Don’t let these common money mistakes hold you back! A few smart moves now can set you up for a lifetime of financial peace. Swipe through to find out what to avoid and start building wealth the right way! #MoneyMistakes #FinancialFreedom #FinancialPlanning #WealthManagement #PersonalFinance #Money #Wealth #Investment #Finance #Savings

Annual Bonus – Home Loan Prepayment or Investment for Goals? Home loan prepayment or investment of bonus for goals can be tricky. This decision involves not only financial considerations but also emotional factors that can significantly impact your overall well-being. Let’s explore two different scenarios to help you make an informed choice. Check out our new blog to understand, whether you should prepay your home loan or invest for your financial goals. https://zurl.co/MihA #Homeloan #Prepayment #Goals #Financialplan

Happy Diwali ! May this festive season bring you and your family the colours of joy, lights of prosperity & sparkles of love.

Comprehensive Guide to Estate Planning! Estate planning is an important process that helps you organize how your belongings and finances will be handled when you pass away. It’s not just about what happens to your money or property; it’s also about ensuring your wishes are followed, making things easier for your loved ones, and avoiding unnecessary legal troubles. Check out our new blog to understand more about estate planning. https://zurl.co/MwsN #estateplanning #legacy #financialplan

Teaching kids about money concepts is really important for their future. By helping them learn money management skills from a young age, you can prepare them to handle their finances confidently as they grow. Here’s a simple look at five key money concepts every child should understand. Check out our new blog to understand, 5 Money Concepts to Teach Your Kids! https://zurl.co/Kq07 #Moneyconcepts #Financialplan #Wealthcrafts

3 reasons Why DIY Investors should work with Fixed Fee Financial Planners Expert Guidance & Validation: A planner can review your investment strategy, asset allocation, and overall financial plan, providing valuable feedback and ensuring you're on the right track. Just knowing that you are on the right track is a confidence booster. Behavioural Coaching: We are emotional beings first. Emotions can cloud our decision making. A fixed fee financial planner can coach you through periods of market volatility and prevent you from making impulsive decisions that could derail your long-term goals. Complex Financial Planning: Picking mutual funds may be relatively easy. A financial planner can fill the knowledge gap and address specific questions or concerns you have about taxes, retirement planning, estate planning, or complex life transitions. They will help you gain clarity on your current financial situation and come up with a mechanism to prioritize goals and action points. #financialplanner #validation #behaviourcoach

" The Emotional Spenders: Retail Therapy " Have you ever felt the urge to splurge after a tough day? It happens to most of us right! We've all been there, Let's face it, after a brutal day, that "add to cart" button can be like a big, friendly hug. It's a Retail therapy - the act of shopping to improve your mood or emotional state. Retail therapy can be a temporary mood booster, similar to comfort food. You might buy something you don't necessarily need, but it gives you a short-term positive feeling. While a little retail therapy can be harmless, it can become problematic if it leads to overspending, debt, or neglecting your financial goals. #smartspending #savings #debttrap