fivefold path to wealth

Summary of 100 Years of Wisdom – The Fivefold Path to Wealth

Pandemics, world wars, recessions, investing strategies have come and gone. But through the thick and thin of it, the core principles of wealth building haven’t changed. Though being proven by studies year after year, these simple rules are often ignored because they’re far too simple; too boring.

The beginners in the field of investing often expect, and even find assurance in believing that wealth building is complicated. So they try their hand at stock picking, trading, futures, timing the market, and a million other things.

Most fail to develop a clear long term strategy. In the process, they not only multiply stress, but end up faring far worse.

All teachers do generation after generation is teach still-valid established principles, so newer generations can carry the lessons forward. So with that in mind, here are those tenets, reworded and simplified for everyday use – the fivefold path to wealth.

Old Vs New Tax Slab

Old Vs New Tax slabs: A Quiz and a Calculator to help you decide

Starting 2020, you’ll need to tell your employer every year whether you plan to choose the old tax regime, or the new one.

As with everything else on the planet, both approaches have their pros and cons. The good thing though, is that it isn’t set in stone. Salaried folks can switch between the two regimes every year. But how does you choose?

This post lists four ways which will help you decide — including a quiz and a tax calculator.

——

Mutual fund commissions - Financial Literacy

Mutual fund commissions in India; and the wealth lost to them

TL;DR: This post lists mutual fund commissions paid to various financial advisors and distributors in India, in an easily sortable and searchable table. To see how much your advisor, bank, or mutual fund investing platform has made in commissions, simply enter their name. Jump to the table by clicking here.