financial security Archives - Rupakumar Pradhan, CFPCM, CWM®

May 30, 2024
By Rupakumar Pradhan
Basics, CFP, Financial Planning, Investing, Money Mantras, Wealth
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Your Path to Financial Security

Your Path to Financial Security Developing healthy saving habits is crucial for long-term financial security and stability. By prioritising saving, you can build a financial cushion to weather unexpected expenses, plan for the future, and achieve your financial goals. Saving money provides a sense of financial control and peace of mind. It allows you to […]

May 27, 2024
By Rupakumar Pradhan
Basics, CFP, Financial Planning, Investing, Money Mantras, Real Estate, Retirement, Stock Market, Warren Buffett, Wealth
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Build Multiple Streams of Income

Build Multiple Streams of Income Achieving proper financial security means not relying on a single source of income. The power of income diversification lies in building a portfolio of earnings that protects you from the volatility of any one stream drying up. By cultivating multiple income streams, you insulate yourself from the risk of job […]

March 8, 2024
By Rupakumar Pradhan
Financial Planning, Insurance, Latest in Personal Finance, Money Mantras
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Why Are People Ignoring Buying Life Insurance?

Why Are People Ignoring Buying Life Insurance? Life insurance is not just a financial tool but a source of emotional relief. It acts as a safety net, ensuring that individuals and their loved ones are protected financially in the event of the policyholder’s death. The significance of life insurance is profound, offering a sense of […]

October 9, 2023
By Rupakumar Pradhan
Financial Planning, Insurance, Money Mantras, Real Experiences
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Why is it important to check the claim settlement ratio when purchasing life insurance?

Why is it important to check the claim settlement ratio when purchasing life insurance? As usual, I was reading the Odiya Daily Newspaper after my morning walk today. Recently, a life insurance company branch faced legal action in Odisha for failing to provide claim settlement money to a family. Due to a court order, the […]

October 3, 2023
By Rupakumar Pradhan
Basics, Financial Planning, Fixed Income (FD, RD, PPF), Latest in Personal Finance, Money Mantras
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Latest Post Office Small Saving Schemes Interest Rates for Oct-Dec 2023 | Q3 of FY 2023-24

Latest Post Office Small Saving Schemes Interest Rates for Oct-Dec 2023 | Q3 of FY 2023-24 The National Savings Schemes are a range of government-backed savings options highly favoured by many Indians seeking secure investment opportunities. The Ministry of Finance monitors and regulates the schemes, guaranteeing investors peace of mind. NSSs are an excellent option […]

September 1, 2023
By Rupakumar Pradhan
Banking, Basics, CFP, Financial Planning, Money Mantras, Mutual Funds, Retirement, Uncategorized, Wealth
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3 Common Money Mistakes You Should Avoid

3 Common Money Mistakes You Should Avoid Are you making any money mistakes in life? If not, then congratulations! You’re already on the right track to financial success. However, it’s time to reflect and make changes if you’ve ever questioned your past financial decisions. In this blog, I will explore the three most crucial money mistakes […]

August 29, 2023
By Rupakumar Pradhan
Banking, Basics, Financial Planning, Money Mantras, Mutual Funds, Wealth
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Why Investing Is So Important?

Why investing is so important? Investing is a crucial step towards securing a solid financial future. Whether planning for retirement, saving for a big purchase, saving for children’s higher education, your daughter’s marriage funding, or simply looking to grow your wealth, investing provides the opportunity to make your money work harder for you. By putting […]

August 20, 2023
By Rupakumar Pradhan
Basics, Financial Planning, Money Mantras, Mutual Funds, Retirement, Tax Planning, Wealth
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NPS Account: The Millennial Money Dilemma

NPS Account: The Millennial Money Dilemma Investing in the National Pension Scheme (NPS) is essential for effective financial management. It can guarantee a secure and stable retirement future. The National Pension System (NPS) is a viable long-term investment avenue that offers a dependable source of income during retirement and a host of associated benefits. Its […]

August 18, 2023
By Rupakumar Pradhan
Banking, Basics, Financial Planning, Money Mantras, Mutual Funds, Stock Market, Wealth
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The Compounding Magic

The Compounding Magic Understanding the Power of Compound Interest! Compound interest is a concept that holds immense power when it comes to building wealth and achieving financial goals. It is a fundamental principle in finance, yet many people need help to grasp its potential fully. So, what exactly is compound interest? In simple terms, it […]

April 18, 2021
By Rupakumar Pradhan
CFP, Financial Planning, Money Mantras, Wealth
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The Importance of Financial Planning in Your Life: Securing a Stable Future

The Importance of Financial Planning in Your Life: Securing a Stable Future A client of ours recently shared, “I am solely focused on the Comprehensive Financial Plan you have prepared and advised me on. I feel at ease and now understand the significance of financial planning in my life. I am free of anxiety and […]

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