Financial Literacy Awareness

  Whenever there is an economic crisis, it brings more need to be financially literate. Do you know why? What drives you to be financially literate? After globalization, the risk is enhanced in the finance industry as financial markets require adequately skilled to be able to make cognizant financial decisions. Research conducted across the world indicates that financial illiteracy is prevalent even in well-developed financial markets like Germany, the Netherlands, Sweden, Japan, Italy, New Zealand, and the United States. It is found that a significant percentage of young adults are “Financially precarious” because they had poor financial literacy and lacked money management skills and income stability. As the finance industry becomes digital, this declines the role of governments and employers in managing investments, it increased your role to manage your own finance using digital tools promoting Fintech industry. In India, the increasing trend of borrowing amongst the young p...

  Many of you find finance subject boring and uninteresting, but what happens when you reach in your adult age you find it essential to study this subject. And that is the reason why millennial has a low understanding of financial education. What makes finance so boring? The technical jargon, financial concepts, multiple uses of financial terms according to varied contexts. Now just look Into the mirror and ask yourself, many of you are spending your time right now for the purpose to earn a good amount of money, desire to live a sumptuous life, making efforts to reach your goals. It’s true you are also following your passion but you also seek newer ways to convert your passion into a business so that it becomes interesting to earn money whole-heartedly. I truly believe that knowledge is power and education is key. Parents send you school and college for the education so that you can take your responsibilities for your own, it is upon you how you transform acquired education i...

   What fears you to invest in multiple financial products? You learned how important it is to be financially literate, how it impacts your daily financial decisions, how can you be financially independent but it all precedes financial knowledge. You get confused when it comes to the point that how can you smartly solve your financial issues and how you should apply principles in your lives to be financially smart. How the acquisition of financial knowledge really helps you to be financially independent? What should you consider in the process of learning financial knowledge? Most of you might have a good understanding of finance, But Have you secured your future financially? Are you not struggling financially? Don’t you fear investing in different financial products? Financial education is considered as an important intervention to improve financial well-being.  Proper knowledge of how financial markets operate enables you to make more effective borrowing decisions. Inco...

As India has the highest young population among the other nations in the world, it ranks low when we talk about financial literacy in the world. How financial matters impact your attitude and behavior? As financial literacy gained importance with the emerging variety of financial products, drastic changes in other economic factors,   amplified complications of the markets, information overload etc. As our country aims to achieve making India a cashless and digital economy which cannot be fulfilled without making people financially educated. Low level of financial literacy thwarts individuals from creating veracious choices of financial decisions as it affects the awareness regarding financial products as well as investment preferences towards financial products and it becomes so necessary to take an effective action to improve overall well-being and avoid distress in financial matters to improve your financial status, for you to adopt the path of financial literacy is a way by whic...

What makes people rich? What do you think so? Do you think about money? Money doesn’t make a person rich. Just think over again and ask yourself what makes people rich. What you find common in all riches? Can money really solve all your problems? Suppose if you are in a problem, you have various alternatives to solve your problem, but sometimes you don’t have. How will you choose among those alternatives? What will solve your problem? Do you seek money to getting solved your problem? Now, I would like to get you to know what can be the most powerful weapon which you can use in every situation/circumstance, for every person at any time without any cost. So, it is knowledge. Yes, knowledge is the most powerful weapon you can use in any type of problem and it can be acquired from anywhere. This information age, in which you are surrounded by so much information and can be easily accessed by you. The bulk of information from various sources you acquired makes you confu...

If you ever wondered why people financially struggle despite they diligently work in their entire life either in a job or  in business, why our community is divided into classes of ‘High, Middle and Low’ when we talk from the financial point of view . From being our childhood we never think about our parent's money that how our parents earning money to fulfill our wishes, to give us life like what we want, they do not involve us in financial matters, Do you know why ? Parents always think that their child must have a quality education with a life full of fun in their life, they make us shop for ourselves, for our friends, for our pets. And always ask you at every moment if you want anything more, to ensure that you get everything whatever you want to keep you happy. The rising need for status, standard and recognition made you spend more and from more popular place to rise in sumptuous living, these all demand a lavish amount of money. Have you ever think of why parent need loa...

Stock market Volatility is one of the most important factors concerned by investors before investing in the stock market. Volatility refers to the degree of price variation during a particular period, the expected return from an investment is determined by the risk associated with the same. Investors interpret an increase in stock market volatility as an increase in the risk of equity investment and consequently they shift their funds to less risky assets. It puts a downward pressure on the stock prices making room for higher expected future returns to compensate for the excess risk. The volatility is one of the crucial inputs in all the investment decisions including portfolio construction, pricing of assets and their derivatives, designing hedging strategies, determining capital adequacy and margin requirements besides other tools of risk management. The flow of information is the main determinant of volatility; more the amount of unexpected information (news) reaching the market, th...