6What care to take while creating your budget?
62Overdiversification in case of mutual fund schemes
7When you should create your budget?
63Investing in direct equity/ derivatives without adequate knowledge/ professional advice and also inclination Investing out of line with one’s risk taking ability
8Who should create their own budget?
64Not tracking the portfolio performance on a periodic basis & sticking with poor performing schemes
9Principle-3Financial Vision and Goals Articulation
65Investing in instruments which give a negative real return (i.e. return after adjusting for inflation) like Fixed Deposits
10Principle-4Effective Debt Management
66Investing without an eye on tax efficiency of investment (for e.g. a person in a 30% tax bracket is better off investing in debt mutual funds than fixed deposit, in view of taxability)
115 Ways to Pay Off Your Loan Early
67Investing when markets are high & redeeming when markets are low
121. Get a side income.
68Locking all money in long term products
132. Refinance your loan.
69#13 Run a Pest Control on your Personal Finance
143. Round up your loan payments.
70#14 Get Disciplined. Start a SIP in Mutual Fund
154. Slowly increase the amount you pay.
711. Analyze your financial goals
165. Apply unanticipated income toward the Loan.
722. Research the different types of mutual funds
17Principle-5Understanding Real Returns.
733. Compare fees and performance
18Procrastination vs. wealth:how it can affect your financial success
744. Develop a diversified portfolio
19Poor time management
755. Consult with a financial advisor
20Negative habits
76#15 Get Comfortable with Equity & Stock Markets
21Low productivity
77#16 Make sure your Investments beat the Inflation
22Lack of organization
78#17 Leverage on Power of Compounding in Investments
23Deferring payments
79#18 Try to Take the Loan Burden off your head
24Not an investor
80#19 Avoid taking Loans or creating Liabilities
25Where does procrastination come from?
81Good Loans (Recommended)
26How to Overcome Procrastination:
82Bad Loans (Avoidable)
27Disastrous role of Social Proof - Herd’s Mentality in investing
83#20 Don't get trapped by Credit Card Companies
28Examples of Social Proof Bias
84#21 Check Your Credit Score and maintain a healthy score
29Overcoming Social proof bias
85#22 Utilize Tax Benefits available & File taxes on time
30Investing Risk - It’s never a choice between risk or no-risk, but risk now or later.
86#23 Ensure you have Nominated Your Loved Ones
31Don’t Lose Patience with your investments
87#24 Prepare a Will, Just in Case...
32Why Patience Is So Important?
88#25 Prepare your Money Emergency Kit
33Why Is it so Hard to Be Patient?
89#26 Invest in your Career
34Key Benefits of Being Patient:
90#27 Take care of your Physical Health
35Throwing Good Money after bad money–The Sunk Cost Fallacy
91#28 Teach your Children about Money
36Examples of Sunk Cost Fallacy
92How to teach your Kids Personal Finance
37How to Recognise Whether You are a victim of Sun cost Fallacy;
931. Showing the importance of money
38How to overcome Sunk Cost Fallacy
942. Setting a budget and showing them how to stick to it
39Endowment Effect - Holding on to what you have
953. Teaching the differences between needs and wants
40Examples of Endowment Effect
964. Introducing the concept of saving
41How to Recognize Whether You are a Victim of Endowment Effect
975. Teaching them the basics of investing
42You find it very difficult to save money.
986. Showing them how to use a credit card responsibly
43You do not believe in retirement planning.
997. Explaining how to balance a checkbook
44You believe investments are too risky.
1008. Understanding taxes and how to file them
45Steps to Rectify this Mistake
101#29 Do Charity & if Possible Get Involved
46#1 Create a Family Vision statement, Get Clarity on Life: Family Vision Statement
102#30 Get a Personalized Financial Plan Done for Your Family
47#2 Make an Inventory of Your Existing Assets and Liabilities
103Are You Making Mistake of Relying on Investments made in Insurance Policies for Children Education and Retirement?
48#3 Understand your Taxes, Salary Structure & Benefits
104Are you Property/Asset Rich – Cash Poor ?
49#4 Create a Monthly & Annual Budget, Control your Expenses
105How Investments Habits/Experience inherited from Previous Generation are hurting Wealth Creation Process of New Generation?
50#5 Automate your Payments & Investments: How to go about it?
106How I helped Client having Portfolio Lacking Diversification ;
51#6 Build and Park your Emergency Fund
107How I Helped my Client :THE IMPORATANCE OF STARTING EARLY
52#8 Purchase your Own Mediclaim / Health Insurance
108Case study: WEALTH PLANNING FOR RETIREES
53#9 Buy a Personal Accident Policy. It’s Cheap!: How will you & your family survive?
109WEALTH PLLANING FOR SINGLE WOMEN
54#10 List down Your Family's Financial Goals
110WEALTH PLANNING
55#11 Assign each one of your Investments with a Life Goal
111Poor Cash Management Skills stopping retail investors from Creating Wealth
56#12 Avoid these 'N' Common Investment Mistakes
112Wealth Creation Opportunity Lost by Young Indians
