Systematic Investment Plan (SIP) is growing in popularity every month. A good percentage of mutual fund inflows is through SIPs. The public discussion on SIP is so much that some new investors are led to believe that SIP is a product, rather a mechanism. Along with this, there are strong arguments about why SIP is
An Engineering Approach To Build Wealth
In this long write-up, I discuss an engineering (methodical) approach to personal finance. I introduce the concept as growing wealthy using an engineering approach. I then describe the parts of the approach in some detail. A full presentation that follows this approach can be found below. This article previously appeared as: https://freefincal.com/growing-wealth-engineering-approach/ Introduction I use the title
Why does one need a Financial Plan
You are often besieged by a variety of people who offer ‘financial plans’. Most visitors to banks, particularly the private banks, encounter ‘financial planners’. While there could be different views on the usefulness of these planners, there is no doubt about the importance of a Financial Plan as such. Let us look at the reasons