Showing posts with label Financial education. Show all posts
Showing posts with label Financial education. Show all posts

June 09, 2020

Getting Through The COVID-19 Crisis: Tips From One Young Entrepreneur To Another - Dhruv panjrolia

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Getting Through The COVID-19 Crisis: Tips From One Young Entrepreneur To Another - Dhruv panjrolia

Young Entrepreneur - Home | Facebook
As we wake up to everyday advancements, a proceeded with lock-down, and financial vulnerability in the midst of the corona virus pandemic, numerous youthful business people and business pioneers are feeling anxiety, and lost bearing.

These extraordinary occasions are making preliminaries for some, yet anyway testing they may appear, with those difficulties, come openings. As a business visionary myself, I've encountered numerous circumstances like these, and I've generally wound up burrowing profound and push through.

Here are a few hints that can direct you through this time we end up in, and help put you in the correct mentality also:

1. Buckle down, AND PLAN TO Bounce back Paying little heed to what your present days under COVID-19 appear as though, you have to continue driving forward with your pioneering soul. Despite the fact that you may have encountered a transitory decrease in business, you have to keep on buckling down and think savvy. We don't have the foggiest idea when we will return to ordinary, or even what the new type will resemble, yet what we can be sure of is that this will pass-anyway, would you say you are readied? Investigate every situation now, and plan your bounce back system to guarantee you're all set.

2. Guarantee Viable Correspondence WITH Partners Ensure that you are keeping your staff, customers, and other key partners refreshed with the advancements of your business. It's essential to be straightforward as the circumstance advances and changes. A positive, flexible voice should be heard to move certainty, so ensure that originates from you through all channels, regardless of whether that be a call, email, or online life. Individuals should be ameliorated by others, so lead from the front, and show quality.

3. Continue Developing This is a perfect chance to handle those things you've not possessed energy for. It could be returning to frameworks and procedures, or gaining some new useful knowledge. Set up internet instructional courses for your group, either as a boost, or to learn and grow new abilities. Audit how your image is being introduced in your organization security; maybe reexamine your site, and update it, or plan some captivating online life content. Whatever you do, don't deteriorate transform a portion of this negative into a positive.

4. FUEL YOUR Enthusiasm Numerous business visionaries have begun a business dependent on something they truly care about and have the energy for. This is a central component to progress. Besides my organizations, I have different interests. This gives me genuine love forever, and on occasions such as this, it gives me some different options from work to decidedly concentrate on. One of my principal missions is to move individuals to discover their energy, so on the off chance that you feel you've not discovered yours, this is the ideal opportunity to consider what it is, or put time into it, and I guarantee you it will support your mentality. Utilize this opportunity to back off, sit back, reflect and re-center, get our needs straight, and acknowledge what is imperative to you and how you truly need to carry on with your life. Once in a while do we get this sort of chance, and this measure of time, which is our most valuable item.

5. Try not to Stop Whatever you do, don't stop. Indeed, it's troublesome, and truly, you may feel like it is highly unlikely through, yet this will pass. You should burrow profound and do things another way. Settle on intense choices to endure, at the end of the day put stock in yourself despite seemingly insurmountable opposition. Buckle down, adapt consistently, never quit!

May 23, 2020

CHANGE IN POLICY BY RBI and it's meaning.

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CHANGE IN POLICY BY RBI and it's meaning. 


1. RBI extends moratorium on term loans for 3 more months till August 31st

What does it mean?

The time during the loan term
when the borrower is not required
to make any repayment has been
increased by 3 more months.

2. RBI reduces repo rate from 4.4% to 4% 

What does it mean?

The rate at which the Reserve
Bank of India lends money to
commercial banks in the event
of any shortfall of funds has
been reduced to 4%.

3. RBI  reduces reverse repo rate to 3.35% 

What does it mean?

The reverse repo rate is the
rate at which RBI borrows money
from commercial banks within
the country.

4. RBI increases the export credit period from 1 year to 15 months.

What does it mean?

With India's exports and imports getting
impacted by the pandemic, the Reserve
Bank of India (RBI) has decided to increase the maximum permissible
period of pre-shipment and post-shipment export credit sanctioned by banks from the existing 12 months to 15 months.

May 17, 2020

HOW CAN EMPLOYEE INVEST FOR BRIGHTER FUTURE - Kalindi Chokshi

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HOW CAN A EMPLOYEE INVEST FOR BRIGHTER FUTURE? 

We all know that when a company invests in employees it’s the smartest move. They provide them all essential facilities and services. 
But, how can a employee invest for his secure future? 
It’s very important for a employee to invest for future (I.e. the life after retirement). 
Before investment one should know the principle: ” Higher the risk higher is the return.”
For investment for safer future there are many ways :
FIXED DEPOSIT:  Fixed deposit is a safer and common option. It’s investment that has ‘ low risk, low return'. In this person becomes the investor of the bank from which he has taken FD. A person will get fixed return which I’ll be higher than the saving account. Different banks have different tenure. Longer the tenure higher the return.  

REAL ESTATE: Buying a land / house /flat is all 
Real Estate investment.
 It’s based on principle : ‘Higher risk higher return.’ It’s a long term investment. For example if u have bought a flat for 50 lakh today..after 10 years it's price will get increased by 15% approx if odds are in your favour!!

GOVERNMENT BONDS: It’s one of the safest investment option. It has low risk medium returns . Your money invested is used by government and is returned after a period of time.

SHARE MARKET: Investment in share market has higher risk and higher returns. Here u invest in a company. The money is been used by the company for the growth which causes rise in share value. The percentage of company success will cause percentage of higher returns on your investments

BUYING GOLD: It’s one of the common way to invest. As gold's value increases you can also get good amount of returns. 

MUTUAL FUNDS : Mutual funds are bunch of stocks . Asset management companies collect money from u in small amounts and invest it in stocks. If you have no experience of share market this investment is best option for you.


PUBLIC PROVIDENT FUND (PPF)- It is a government approved scheme. There is no tax calculated on the interset. You can invest for 15 years and than can extend the period for 5 years. The interest depends on the government polices.

NEVER RELY ON SINGLE INCOME . HAVE SOME PASSIVE INCOME SOURCES

Kalindi Chokshi

May 16, 2020

Basics of Share market - by kalindi chokshi and Drashti Panjrolia

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WANT TO OWN A COMPANY WITHOUT ACTUALLY BEING A ENTREPRENEUR??


You might have heard of share market but you think its not safe to invest in share market. But remember "risk comes from not knowing what you are doing" First learn about share market investments and analyse a business completely and NEVER TRADE ON TIPS

WHY BUY SHARES AND WHAT IS A SHARE?

How would you feel if u buy a tata's product and you are the owner????? Seems impossible?? Well definitely not. If you buy shares of tata company you can become the owner of the company!!! A company can raise money through debt capital and owner /equity capital. It issues a share in ownership known as share.

 PAISE MILEGE KYA?? 

Well. You can earn through share market by 

1. CAPITAL APPRECIATION
Ever wondered what CNBC shows whole day? Those red and green numbers? What are they? Well they are the capital appreciation. That is performance of top companies in india and fluctuations in share value can earn you profits! Buy at low and sell at high!!! 
2. DIVIDENDS ( Paisa hi paisa hoga😁)
You are the owner..dont you think you deserve respect and profits? That part of profits is nothing but dividends.

Well some people confuse share market with gambling but let me tell you it a legal regulated body by SEBI (securities exchange board of india) and it is not gambling or anything illegal at all!!

WHAT IS SHARE MARKET?

To understand what is share market we first of all have to know what is a share? Share represents a unit of ownership of a company from where you have bought it. 
Share market is a platform for investment (i.e. plateform where u can buy and sell shares of different companies). 

HOW TO INVEST IN SHARE MARKET?

Hence, the procedure to invest in Indian Share Market for a beginner is bit complicated. 
 A beginner has to follow this steps to invest in the market :
1 Obtain a pan card
2 Hire a stockbroker
3 Open a Demat and a Trading account
4 Bank account
5 UIN(Unique Identification Number ) 
6 Buying and selling shares

ALL YOU NEED TO KNOW ABOUT SHARE MARKET INVESTMENTS! 

BOMBAY STOCK EXCHANGE (BSE) 
 
It was founded by Premchand Roychand an influential businessman. 
The BSE is the oldest stock exchange in Asia. 
The BSE became the first stock exchange to be recognized by the Indian Government on August 31,1957 under the Securities Contracts Regulation Act.
India INX is the first international exchange of India established by BSE on 30 December, 2016.
 NATIONAL STOCK EXCHANGE OF INDIA LIMITED 
                        (NSE)
 
It was established in 1992.

It was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country. 
The exchange was incorporated in 1992 as a tax-paying company and was recognized as a stock exchange in 1993 under the Securities Contracts (Regulation) Act, 1956.

NSE offers investing and trading in the following segment:
1.Equity                                  4. Debts
2 Equity Derivatives             5. Debt Market
3 DerivativesDerivatives    

NEXT TIME DONT GIFT YOUR FRIEND A PHOTOFRAME OR MUG!! GIFT HIM A COMPANY'S OWNERSHIP.


Please note: NEVER invent all your money in share market ( REMEMBER THE UNDER RATED RAPPER- mutual fund investments are subject to market risk please read all scheme related documents carefully 😂)

HOW TO START INVESTING ? - Drashti Panjrolia

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Mutual funds are best way to start investing because you dont need any previous knowledge to start it. Mutual fund investments are done and managed by asset management companies. Direct investment in share market requires a lot of knowledge. share market investment related blog will come soon. 
- Personally made for you all so you can start investing.

May 15, 2020

Why financial education important?- Drashti Panjrolia

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India's education was designed by Macaulay who wanted indians to be only mill worker and not rich. Thats why our schools generally dont teach us financially. The ultimate three things that can make u rich according to me are.

1. Saving and investing hand in hand
 - you must invest 10% of your investment in share market. As it will help to overcome inflation. Lets assume you invested rs. 100 in Savings account then after 1 year that 100 will remain 100 even after interest of 3% because the general inflation rate in india is 5% . But shares give u return as good as 15% . But it is not recommended to invest all your money in share market. 

2. Know what is asset and what is liability
- assets put money in pocket while liability put money out of pocket
 - in accounting car is an asset  but in real life car is a liability if bought on loan . 
- it takes money out of pocket and depreciates over time
 - remember if u cannot buy anything twice 
You cannot afford it. 

3 It is very important to know about power of compounding.Compound Interest is used in all investment methods: Stocks,Mutual Funds,etc, The longer you invest! The LARGER the returns .CI for 5 years < CI for 10 years < CI for 20 years < CI for 40 years
- Compounding effects will be discussed in detail in upcoming blogs .


- Drashti Panjrolia