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daftpatience · 2 months

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one thing I have learned about being poor is that you cannot for a moment stop thinking about it

#theres no peace #every little thing reminds me we are poor #seeing friends having electricity wifi heat food gas. it all costs money. and bills and fees and charges happen all the damn time #im constantly worried that i am measing up somehow or im not keeping track of my finances properly #the person handling our disability assistance application keeps coming back with question after question about my job #and i have so much doubt and fear that ive made some mistake in my answers that will disqualify us from support #and theres this sick backwards stupid thing where applying for and being on disability support is discouraging me from trying to make money #because the more i make the less likely we'll get support but i need to make money to live #its just fucked. and once we're on support i have to make monthly reports of my income so ill feel like im explaining myself all the fuckin #time #cus the system isnt built in a way that makes sense for self employed ppl who have business expenses to account for #sorry for the ranting i cant sleep #truly truly i think poverty is making me a worse persin #more anxious more resentful more jealous more miserable more spiteful #i have so little and there is so little i can do to help it #i want things in a more desparate and even childish way than i used to eant things #spend a lot more time fantasizing about magically having expendable income #not to mention the constant exponential guilt that comes from asking for help or recieving help. its guilt i need to unlearn but i feel it

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sanskriti-2751 · 9 months

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What is Mutual Fund?

A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities such as stocks, bonds, and other assets. Investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is reduced.

It is managed by a professional fund manager or an asset management company (AMC) who makes investment decisions on behalf of the investors.

Mutual funds offer good investment opportunities to the investors. Like all investments, they also carry certain risks

SEBI formulates policies and regulates the mutual funds to protect the interest of the investors.

OVERVIEW OF MUTUAL FUNDS INDUSTRY IN INDIA

The mutual fund industry in India was set up through a combination of regulatory changes, legislative reforms and the entry of various market players.

Unit Trust of India- UTI was founded in 1964, which is when the mutual fund sector in India first started to take off. To mobilize public funds and invest them in the capital markets, UTI was established as a statutory body under the UTI Act, 1963. The idea of mutual funds was greatly popularized in India because to UTI.

Regulatory Framework-In India, the mutual fund industry's regulatory structure began to take shape in the 1990s. The Securities and Exchange Board of India (SEBI) Act, which established SEBI as the governing body for the Indian securities markets, was passed in 1993. Among other market intermediaries, SEBI was responsible with regulating and supervising mutual funds.

The SEBI (Mutual Funds) Regulations,1996- This regulation established the legal foundation for the establishment, administration, and operation of mutual funds in India. These regulations outlined the standards for investor protection, investment restrictions, disclosure requirements, and eligibility requirements for asset management companies (AMCs).

Introduction of Private Sector Mutual Funds: UTI was the only active mutual fund provider in India prior to 1993. Private sector mutual funds were nevertheless permitted to enter the market as a result of the liberalization of the financial sector and the opening up of the Indian economy. Many domestic and foreign financial organizations launched their own AMCs and entered the mutual fund industry.

Product Line Evolution: The mutual fund sector in India has grown and increased its product selection throughout the years. Mutual funds initially mainly offered income and growth opportunities. To address various investor needs and risk profiles, the industry did, however, offer a wider range of products, such as equity funds, debt funds, balanced funds, and specialist sector funds.

Investor Education and Awareness: Serious efforts have been made to educate and raise investor awareness in order to encourage investor involvement in mutual funds. Industry groups, AMCs, and SEBI have run investor awareness campaigns, distributed instructional materials, and supported systems for resolving investor complaints. Systematic Investment Plans (SIPs) were introduced, and this was a significant factor in luring individual investors

Technological Advancements-The mutual fund sector in India has embraced technological development, making it possible for investors to access and invest in mutual funds through online platforms and mobile applications. Investors can now transact, track their investments, and get mutual fund information more easily thanks to digital platforms.

The mutual fund industry in India has developed into a strong and regulated sector through regulatory changes, market competition, and investor-centric initiatives. The sector keeps expanding, drawing in more investors and providing them with a wide variety of investment possibilities around the nation.

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quickjournals · 2 years

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How to Achieve Financial Freedom in Less Than 5 Years?

Financial freedom is a lifetime dream for many people, but it can only be achieved correctly. You have to know what you are doing and how you are doing it. I am going to tell you 7 Proven Methods to Achieve Financial Freedom. Take your time and read it carefully.

What Is Financial Literacy?

Financial literacy is the knowledge and application of various financial skills. These may include creating a budget, understanding how credit works, and saving for retirement. It is a life skill that one must grasp for good financial well-being. Financial literacy includes budgeting, investing, insurance, and loans and interest.

Making major financial decisions is often taught through financial freedom. Moreover, it increases financial discipline and financial capability. Also, it will lead to major lifestyle changes, such as saving and investing regularly, managing liabilities effectively, and achieving life goals efficiently. Additionally, financial Freedom will protect one from financial fraud and ensure financial security.

Steps to Financial Literacy

These are the 7 Proven methods to Achieve Financial Freedom –

1. Prepare a budget

To understand your financial situation, you need a budget plan. It will give you an idea of how much you should spend on your needs and how you can save money for emergencies and invest that money. Without a budget, you will not be able to control your finances and stop overspending. This will be your first step towards financial freedom. The steps are: Step 1: Calculate your net income. Your net income is the basis of an effective budget. Step 2: Track your spending. Step 3: Set realistic goals. Step 4: Make a plan. Step 5: Adjust your spending to stay on budget. Step 6: Review your budget regularly.

2. Understanding Your Credit Score

a) What is a credit score?

An individual’s credit score indicates their creditworthiness, or their ability to repay debt. Usually expressed as a number based on the person’s repayment history and credit files across different loan types and credit institutions. The credit score is also known as a credit rating.

b) Something important to know-

A credit score indicates whether or not a person is trustworthy. Every time you take a loan or pay a loan, everything is noted and represented in your credit score. If there is an issue in your regard, your credit score is decreased and this is a really big issue. When your credit score is low, you won’t be able to obtain a loan easily, and if you do, you will have to pay a lot of interest to the bank.

c) Steps to raise your credit score-

Check your credit report.

Pay your bills on time.

Pay off any collections.

Get caught up on past-due bills.

Keep balances low on your credit cards.

Pay off debt rather than continually transferring it.

3. Open a Savings Account

For saving and investing money, you should have separate savings accounts. As a result, you can manage your money easily and obtain interest from the bank as well. This means that your money is safe and secure, and the bank can even offer you insurance and security.

4. Understand your loans

You must understand your loans systematically. Improve your credit score and avoid paying high-interest rates. Pay your interest first, then the principal. By doing so, you will improve your credit score and save money.

5. Get ready for Risk

You should always be ready to face any problem which requires money to solve. Like, think about the covid-19 situation, when it occurred due to low finance or people have even not brought any health insurance and due to lack of money to go into a great depression. So always after doing the above steps save money for this and if you cannot then have insurance. Currently, companies provide insurance with low interest also.

6. Secure your Future

You should plan for your future needs so that you can have enough to enjoy for the rest of your life in peace with your loved ones. You should then determine your retirement spending needs, such as monthly bills, grocery bills, and medical expenses. Decide if the retirement fund will be able to generate the required income after taxes by calculating the investment rate of return. Save money and invest in appropriate assets for retirement.

7. Spend Wisely

To achieve financial freedom faster, you must control your money wastage. It is important to understand where to spend money and where not to. You can wear shoes for $500 if you are not interested in having shoes for $2000. If you do this, you will save almost 1/4 of your salary. This will help you achieve financial freedom.

Conclusion

In conclusion, I will say only this: to achieve financial freedom, you must be disciplined. You will only find a path to success by following steps, but it will be only your wish to follow that path and succeed in your goals. In all these steps, if you have any problems, you can ask in the Forum. We will help you to achieve your life goals by converting savings into investments and providing you with guidance to achieve financial freedom by visiting more blogs on our site.

So please leave us a comment below about your experience with our site.

Thank you!

Visit the website Quick Journals

#finance #business #income #moneymindset #how to earn money #cash #investments #make money for free #financial freedom #personal finance #retirement planning #personal loans #personal income #personal saving #financeblogger #finance advisor #financetips

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luckypersonalfinance · 2 years

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MONEY IS ESSENCIAL.

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brimarc-noel-llc · 2 months

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Our team of experienced consultants specializes in helping small businesses like yours identify funding opportunities that align with your unique goals and aspirations. Whether you are looking to invest in new technologies, expand your facilities, or hire additional talent, we have the expertise to guide you towards sustainable growth.

Reach out to us today to learn more at (800) 452-8485

#business consultant #small business loans #business owners #sba #entrepreneur #loans #business funding #small business owner #finance #personal loans

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ardentpoop · 7 days

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saw a post on linkedin by someone going “fuck marketing I’m burning my career to the ground and starting from scratch” and I was like oh yeah. I wanted to do that too

#unemployment will have u forgetting your convictions and wanting to do anything for a paycheck 🥴#they were like ‘we’re in the business of making rich men richer and the more senior you get the more clearly you see that’#I know. it’s agonizing. can I really do that for like 10 more years #I desperately want a career transition but it feels too financially risky to do that - an entry-level salary won’t cut it when #I’m the only person financing my entire life - I can’t rely on a single other person to help me w/ money #can only hope I find a job that doesn’t squeeze the life out of me too bad meaning I can pay for courses/bootcamps on the side #that’ll get me out of here #at my current stage of unemployment I feel like a worthless loser whom nobody wants to hire LMAO so.

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actualbird · 1 year

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whenn will i return home (posting fics in the tot ao3 tag again) from the war (immense constant exhaustion due to job) ;-;

#dootdootdoot #ive been busy w work and doing a personal finance system overhaul cuz ive got more things to pay for now (mostly cat vet bills ;-;) and #//constantly dead tired. im fine but just. very tired. all th time. i miss writing my blorbies. i miss having the time and drive for it #sorry i havent opened up the ask again for a while. kinda cuz of this. im tryna minimize stuff that is Input #bc theres a lot going on. theres So Much Input #2023 sucks balls so far. i thought rabbit-born bbys were sposed to have a good year it is OUR YEAR!!#WHAT GIVES!!!! ;^;

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unnonexistence · 3 months

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writing will have you googling stuff like "how to retire as a small business owner"

#personal #i dont own a small business i just need to understand the state of a character's family's finances

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notfinancialadvice · 9 months

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Updated ramble: academic vs. practical financial advice

The other day I rambled about academic vs. practical financial advice.

I thought of a better way to word it and it's 4 AM so let's go.

Academic advice is good for long term solutions. If you have 3 debts, and extra cash, paying the one with the highest interest rate is significantly beneficial long term because you'll end up paying less over time.

Practical advice is good for short term solutions. If you have 3 debts, and extra cash, paying the one that can be paid off the quickest first will be significantly beneficial in freeing up monthly expense loads. This helps offset risk of being short on cash in an emergency situation. In such a state, you're more likely to incur fees and probably reset your interest rate -- both of which increase your debt, and both of which will likely happen when you're short on cash even if it is a very short timeline (such as a few months or a year)

Academic advice is typically better when your situation is stable and is highly probable of remaining stable.

If you have a stable job with reliable income that you can predict month-to-month, year-to-year and/or

You have a sufficiently thick emergency fund and/or

You have access to resources with very little notice --

Following economists will help you figure out how to structure your future.

But.

If that is not your situation -- and I want to stress, no judgement, that is not a profitable emotion, I recommend it be let go as much as possible as often as possible -- then following practical advice will help you navigate your finances.

You've heard money folks talk about "risk tolerance"? This is risk tolerance.

It is both "I am willing to risk..." and "I am able to risk..."

None of this is set in stone.

You're -- probably -- (none of this is financial advice, see blog name) going to do both in various situations at the same time as you structure your resources.

And again when you update your budgets, savings, etc.

Part of this not being set in stone is it all has to be reviewed regularly (sorry, I know, it sucks)

I stick hard with "never buy a book on basic financial advice -- get it from the library"

The content largely doesn't change year-to-year so if it's old it's fine" because that is saving you money regardless of your situation.

Okay good night and/or time for coffee!

#finances #aging tumblr population #aging tumblr userbase #money #money management #how money works #small business #personal finance

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bestbookbooster · 2 months

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The Genetic Make-Up of Rebuilding Your Credit

Book Link:-

https://www.amazon.com/dp/1648733042/

The Genetic Make-Up of Rebuilding Your Credit focuses on the basics of establishing a solid credit resume. Chayo discusses the details on how to rebuild your credit with proven suggestions that will work overtime by using consistent good credit practices. The reasons people fall into credit problems are endless, but it's not a complete loss. Anyone can establish a good credit report if you know the necessary steps. Some topics discussed in the book are listed below: What is Credit?

#Genetic_MakeUp #Rebuilding #Credit_Focuses #Money #Books #Personal #Finance #Business #AmazonBook #AmazonKindle

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mortgagebrokersaustralia · 2 months

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Your Mortgage Experts Australia | Mortgage Brokers Victoria

Your Mortgage Experts is a trusted mortgage broking company in Truganina Victoria Australia dedicated to helping our clients find the right mortgage solution for their needs. With our access to a wide range of lenders and loan products, our expert advice and personalized service, we make the mortgage process simple and stress-free. Our goal is to help our clients achieve their homeownership dreams while saving them time and money in the process.

We offer a comprehensive range of mortgage solutions tailored to meet the unique needs of our clients. Our services include access to a wide range of lenders and loan products, expert advice and personalized service, as well as ongoing support throughout the mortgage process. We strive to provide a seamless and hassle-free experience for our clients, helping them achieve their homeownership goals while saving them time and money in the process.

Your Mortgage Experts Truganina Victoria Australia

Our mission is to simplify the mortgage process and empower our clients to make informed decisions by providing expert advice, access to a wide range of lenders and loan products, and personalized service that exceeds their expectations. We are dedicated to helping our clients achieve their financial goals and building long-term relationships based on trust, integrity, and transparency.

Get in touch with one of our experts who can answer all your home loan related questions.

Your Mortgage Experts Australia

205/2 Infinity Drive, Truganina VIC 3029, Australia

Call: 1300 208 963 | Email: [email protected] Website: www.yme.com.au

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ramashmarketing · 3 months

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youtube

#business #finance news #youtube #follow4follow #frugal #investing #trending #money #finance management #follow #personal #business growth #trendingnow #news #finance #Youtube

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chrissfg99 · 4 months

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#money online make makemoneyonline makemoney #personal finance #success #business #marketing #passiveincome

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capitablegroup · 4 months

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A Comprehensive Overview of Multiple SBA Loan Programs: What’s Best for Your Business?

Understanding the Importance of SBA Loans for Small Businesses

SBA loans are essential for fostering and advancing the expansion of small businesses. The Small Business Administration provides a range of loan programs tailored to offer financial support to entrepreneurs and small business owners. These small business loans are particularly important for startups and small businesses that may face challenges in obtaining traditional bank loans due to limited collateral or credit history. Small-term loans provide access to capital at favorable terms, including lower interest rates and longer repayment periods. An important advantage of small business loans is the inclusion of a guarantee for lenders, which mitigates their risk and encourages them to provide loans to startups. This guarantee enables lenders to offer financing alternatives that may have been otherwise inaccessible. Small business owners must comprehend the various SBA lending programs that are accessible, including but not limited to 7(a) loans, CDC/504 loans, microloans, and disaster assistance loans. Every program has unique prerequisites and qualifying requirements.

Exploring the Most Popular SBA Loan Programs and Their Eligibility Criteria

In this section, we will explore some of the most popular Small Business Administration loan programs and discuss their eligibility criteria.

1. 7(a) Loan Program:

The 7a loans stand out as the most versatile and widely used loan initiative. It provides funding of up to $5 million, catering to a myriad of business needs, from working capital to equipment purchases.

Key Features of 7a Loans:

Loan Amount: Up to $5 million.

Usage: Diverse business needs, from day-to-day operations to expansion.

Term Length: Varies based on usage.

Eligibility Criteria: Read More

#finance #business loan #loan #personal loans #same day loans online #Cash advance #line of credit #equipment financing

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guns-n-robins · 2 years

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Jason Todd sat in a dark room at 4am bingeing Atomic Shrimp's "Wham! Bam! That's a scam!" video series to educate himself so the advance-fee e-mail scammers don't get him again.

he barely knows how to work this stupid fucking phone, it's a miracle he even made it to the right side of YT.

there are silent, furious tears in his eyes. wasn't dying enough? he mutters under his breath. the world wide web is so unfair and he's so mad

he taps another video. an unskippable 20 second ad plays, and he weeps

(subscribe to Atomic Shrimp, he's funny as hell and his content is very informative)

#Jason Todd being so technologically inept is just a rlly funny idea to me #thank you so much Pandaredd #you can be the smartest person in the room but still know NOTHING about this new tech shit everyone's just expecting you to pick up #wait...................would Tim be his IT guy #........Tim Drake joining the anti-hero side handling Jason's finances while HE'S out playing Red Hood and nat-20ing intimidation checks #because jason is awesome at his business.... so long as you don't expect him to actually RUN it #Okay this is hilarious actually #Tim is pretty ambivalent about the no-kill rule I believe so he'd see Jason trying and failing to set up a halfway believable shell company #and fucking join his operation under the Bat's radar.#Jason babygirl you're such a mess #Jason Todd #Jason Todd is technologically inept #Tim Drake

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divineinspirationstyles · 6 months

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