In the December 2019 edition of Spring we discussed the idea of achieving financial wellness within a year. ithoughtwealth curated its 12 Step program to enable you to get your financials in order in a year. By following this you can tackle financial challenges and master your personal finances. Through 2020, ithoughtwealth will take you through each step, break myths, and simplify jargon.
To get an overview of the 12 Step Program to Financial Wellness, watch this video. This breaks down what’s in store this year, why the sequence matters, and how you could get started.
(click on the title to view the video, other video links inline)
Partner with a caring and competent person to get started on your wealth creation journey.
The fastest way to double your money is to not spend it!
Click here to access a step by step guide to reviewing your expenses
Get a professional review of your investments! Engage with a SEBI Registered Investment Advisor to analyse your investments. ithought Financial Consulting LLP runs investment review engagements. To know more about their offering, watch this video!
Budgeting can be hard. Here’s a quick excel sheet to get you started.
Or you could try the Kakeibo method to managing your finances!
Here is a simple Kakeibo template for you to use.
Here’s an overview of everything you need to know about emergency funds. This video covers:
What is an emergency fund?
When does it come handy?
Why do you need an emergency fund?
How much emergency funds do salaried people need?
How much emergency funds do self-employed people need?
Where can you invest emergency funds?
How to start if you don’t have an emergency fund?
Do's and Don’ts of emergency funds
Being insured is non-negotiable in the post-COVID world. If there’s one thing we’ve learnt, it’s that we can’t take financial security for granted. Every family needs its breadwinners' lives to be adequately insured. Each of us needs a comprehensive health insurance policy. Through the lock-down, we’ve spent more time at home than anywhere else. We know the value of home comforts. A flood, a fire, or an electrical default could quickly upset the balance. It’s only sensible to insure what matters.