The current financial year is about to end and now from April 1, we will step into the new financial year. In such a situation, every person must do financial planning in a new way and set new financial goals for himself. It gives you financial stability and strength. But, some people find it complicated to do financial planning. However, financial planning is essential.
Now the question is what should be the financial planning for the new financial year. Keeping this in mind, in this episode of Jagran Dialogue, Manish Mishra, Deputy Editor, Jagran New Media talks in detail with Pankaj Mathpal, CEO, Optima Money Managers. During the conversation, Pankaj Mathpal told many such things, which can be of great use to any person.
Pankaj Mathpal said that because of the experience of the Corona epidemic, people should make their emergency fund equal to the expenses of 12 months and keep a part of it in a savings account, the remaining amount can be kept in liquid funds and ultra short term funds which are savings accounts. will earn more returns than Also, it will be available immediately at the time of need.
Mathpal said that the pandemic has given him the experience to walk away with enough life insurance cover to keep his family financially secure. He said that the life insurance cover should be at least 10 times the annual expenditure of any person including the liabilities.
He said that you should have money for 9 months to 1 year as an emergency fund, but it does not mean that you should keep all this money in your savings account. Keep only one to two months' money in the savings account. Invest the rest of the money where the risk is low and the money can be easily withdrawn at any time.
Mathpal has also given very important suggestions regarding goal-based investing, portfolio review, and tax saving.
Tamil Nadu: Politics heats up due to ED's action against Minister Senthil Balaji, Congress said - we will not be afraid
ED's action against Tamil Nadu Government's Electricity Minister Senthil Balaji has heated the politics. Opposition parties have criticized the detention of Senthil by the ED, terming it as an abuse
Pakistan: If India can do it then why can't we…, Pakistani leader said – population control is necessary for progress
Pakistan is facing a serious economic crisis these days. Because of this, a debate has started in Pakistan that where did they go wrong that today India has gone so far and has come to the brink of
Emmanuel Macron On PM Modi: 'PM Modi was right', why did French President Emmanuel Macron say this in the UN? Know the whole matter
UN General Assembly: French President Emmanuel Macron praised the Prime Minister of India, Narendra Modi (PM Modi) in a session of the United Nations General Assembly. Emmanuel Macron said that Indian
Corona should give compensation to the families of the dead without wasting time, the Supreme Court bluntly told the states
The Supreme Court has directed all the states and union territories to pay compensation to the kin of the corona dead without wasting any time. If any claimant has a complaint about non-payment of the
BRO: After the Tawang skirmish, BRO is speeding up the infrastructural development on the China border, and the strength of the army will increase
Amidst the ongoing border dispute with China, the Border Roads Organization (BRO) is rapidly engaged in infrastructural development works in the border areas. These constructions will give more
For the first time, the chief guest of Republic Day will come from Egypt: an exercise to help Muslim countries; Guest is selected in 6 months
In 2023, the country will celebrate its 74th Republic Day. This time the chief guest will be the President of Egypt, Abdel Fateh al-Sisi. Due to Kovid-19, after two years a chief guest will grace the
Trade Data: India's trade deficit increased to $ 26.91 billion; Imports increased, exports decreased
Trade Data: India's trade deficit continues to increase and the figure for its increase has come to the fore in October. The country's trade deficit widened to $26.91 billion in October. It stood at $
25 states of the country are suffering from rain: 7 people died in the last 24 hours in Gujarat, red alert in 6 districts; Rain alert in MP-Maharashtra too
After the onset of monsoon in the country, 25 states are receiving continuous rain. The worst affected is Gujarat. 7 people died in the last 24 hours due to rain and floods here. So far more than 65
SCO RATS Meet: Important meeting of SCO today on the issue of terrorism, apart from India, Pakistan, China and Russia are also participating
An important meeting of the Shanghai Cooperation Organization is being held in New Delhi on Monday. This meeting is being held regarding the Regional Anti-Terrorist Structure (RATS). The special thing
Modi Govt 8 Year: Preparations for the big celebration on completion of 8 years of Modi government, know what is the plan
8th Year Modi Government Preparation for Celebration: The Narendra Modi government at the Center is going to complete 8 years next month. On the completion of 8 years of the Modi government, grand
