Knogrow is a knowledge-sharing platform for budding Investors and Risk Management professionals, who wanted to achieve financial freedom and lead successful lifestyles.
Premchand Roychand was a 19th-century Indian businessman known as the "Cotton King" and "Bullion King".
Every culture has their own views on investing and earning interest. You might have a different perspective than other cultures, which can be challenging for others to understand. But, it's important to you as you start your investing journey.
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People with a fixed mindset could be reluctant to start investing because they feel they don't know enough or that they would never be able to recover from an investment error. However, adopting a growth mindset could benefit you in the following ways: Consider investing as a new obstacle to overcome.
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Do you know health insurance costs have increased 4 times in the last 15 years and it is going to be 7 times+ in the next 20 years? If you are 40 now and paying Rs. 50000 per annum for your insurance coverage, you need to pay more than Rs. 5lacs in the future as it is going to be specific insurance for specific diseases and some add-on expenses will increase. If you include your spouse, it would be simply double. Had you considered these while planning for your retirement?
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Financial security in retirement doesn’t just happen. It takes planning and commitment. In this podcast, you will learn how to plan for your retirement through systematic financial planning.