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Why Should You Insure?

To insure is to protect or secure oneself from a possible contingency. The future is very unpredictable and unless you have a time machine or you can foretell future events like Nostradamus you cannot know what will happen tomorrow. The upcoming event may either be beneficial or it may unfavourable. While the favourable circumstances are always welcome, we cannot skip or escape the unfavourable event as there is no way to prognosticate its occurrence. The best thing we can do is be prepared for such loss bearing circumstances – Insure yourself. Insuring is the second step in the achievement financial self-sufficiency after saving – We save for a possible contingency. The money saved is used when the contingency arises. The concept of using one’s own money that was saved to cover a possible...

3 Tips To Grow Your Money In A Short Span Of Time

Tip 1: Spend less than what you earn – Always prefer setting up a limited budget. That is the secret to all successful businesses. The limitation on your budget forces you to work and sell harder for a larger cash inflow. The only point which will stop you is lack of money, so your primary initial effort would be on bringing cash rather than spending more. Tip 2: Never plan too much – Unless you enter the market, you wont realize mistakes you might come across and from those mistakes will you learn how to manage money better.goSpending too much time on over planning will lead to loss of time and a loss of managing skills which you may learn otherwise. Tip 3: Get workable as soon as possible – Never waste much time in having experts, focus groups, and long and expensive business plans. You ...

Save & Invest

Big Idea: “Save Regularly and Start Saving Early” Saving puts you in control > To have choices in life Investing gives opportunities > To make your money grow 1.Why save? The reasons to save are many. You…

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