Are you planning to buy a new house or get married this year then it is high time to set financial goals from very beginning.

Are you worried about how to achieve these financial goals?

Don’t worry! Here are 7 steps to meet your Financial goals for a beginner.

These 7 steps will help you in doing your Financial Planning and Wealth Management better and also help you in taking control of your finances in this New Year.

To read more visit : https://www.elearnmarkets.com/blog/set-financial-goals-for-this-new-year/

“Mutual funds investments are subject to market risks” – this is the line you hear hurriedly uttered by the voice over artist during advertisements urging you to become an investor. However, just being aware of market risks will not shield you from the mistakes you could be making when you invest.

Firstly, if you haven’t started investing in mutual funds yet, begin now.

To read more visit : https://www.elearnmarkets.com/blog/investing-in-mutual-funds/

Planning for milestones like education and retirement is a significant part of financial planning.

Unfortunately, many of us forget to plan for one more milestone – a job loss.

Why is a job loss a milestone?

Losing our job completely changes our lives and priorities. As a result, it makes wealth management a stricter task as well.

In simple words, we will need to plan to live a financially stable life without having to take a loan to handle our day-to-day expenses.

To read more visit : https://www.elearnmarkets.com/blog/how-to-financially-plan-for-a-job-loss/

Key Takeaways:

We can look at debt management as a three-phase, detailed plan.

There are many strategies we can use to pay off debt, like the debt snowballing method.

The best way to prevent debt is to spend less and pay more towards our debt obligations.

Various methods like making payments in cash can help us prevent our debt.

Like every element of personal finance, managing your debt is a task that requires extensive planning.

To read more visit : https://www.elearnmarkets.com/blog/how-to-get-out-of-debt/

Mothers are the backbone of a family. The more we try to appreciate them, the more do we fall short of words.

They are the ones who take up the family’s money management decisions.

Whether working or non-working, they are so swift with managing almost everything with a smile.

But this pandemic would have surely brought a lot on the plate of a mother.

Be it managing household chores to family responsibilities to attending office calls to financial planning for women, this pandemic could be affecting her directly or indirectly.

To read more Visit : https://www.elearnmarkets.com/blog/5-ways-for-financial-planning-for-women/

Hindi: आप इस लेख को हिंदी में भी पढ़ सकते है|

Bengali: এই ব্লগটি এখানে বাংলায় পড়ুন।

Planning is the best path to achieving success in any endeavor, and the same goes for managing finance.

Financial planning for beginners involves a plan-of-action to help you achieve financial security.

To read more visit : https://www.elearnmarkets.com/blog/financial-planning-for-beginners/

Key takeaways:

A credit score helps lenders decide your trustworthiness as a borrower.

It has multiple benefits, like easy loans.

Building it requires some credit history as well.

With some simple steps, you can maintain the best possible score for yourself.

Maintaining a good credit score is an important element of financial planning.

It indicates your financial health and discipline to lenders whenever you look for loans.

So, how do we ensure that our score is enough for the best loans at the lowest rates, if the need arises?

To read more visit : https://www.elearnmarkets.com/blog/how-to-build-a-good-credit-score/

There was a time when trading in the stock market was considered something only experts could do.

However, this is not the case today.

With the rise in popularity of the stock market and e-learning, anyone with passion, patience, and the will to learn, can become a successful trader in the market.

What’s more, many people are leaving their conventional 9-5 jobs behind to become full-time traders.

To read more visit : https://www.elearnmarkets.com/blog/a-9-5-job-versus-a-full-time-trader/

The growth of the stock market over the years has led to the creation of various types of investment instruments. These instruments are created with the sole purpose of catering to various combinations of risk appetite and financial goals.

While shares are the most traditional way of investing in the capital market, mutual funds are a newer style of investment.

Investing in shares or mutual funds means getting ownership in that company. But you are restricted to that particular asset class only, which means Equity. So you are subject to high return but high-risk scenarios.

To read more visit : https://www.elearnmarkets.com/blog/invest-in-shares-or-mutual-funds/

Financial planning can seem like a frightening task, because there are so many things to be done to make sure we are moving in the right direction towards our goals. But, if we take one month at a time and spread this important task throughout the year, we will be able to make a financial planning calendar with ease.

To read more visit : https://www.elearnmarkets.com/blog/create-a-financial-planning-calendar/