Money and Honey

Personal Finance, Stock Market, Mutual Funds, Bonds and Investment Strategies.

Monday, 30 December 2024

Setting SMART Goals for 2025: A Path to Success and Growth

Setting SMART Goals for 2025: A Path to Success and Growth Starting the new year with clear, meaningful goals is a great way to set yourself up for a year of personal growth and achievement. But how do you begin? The secret lies in setting SMART goals. Here’s how to use the SMART framework and make your goals truly yours in 2025. Start with Your Core Values Before diving into goal-setting, take a moment to understand what truly matters to you....

Sunday, 21 May 2023

Are you suffering from overthinking?

Are you suffering from overthinking?You overthink because you are not able to control your mind. If you can control your mind, you can control your life, too. Work on your mental models to become highly successful & happy individual.1. Identify the indicators:Begin by familiarizing when you're coming under patterns of overthinking. Keep in mind of repeated or uncontrollable ideas coupled with attempt to comprehend their hidden reasons.2. Challenge...

Monday, 15 May 2023

9 Habits Help You in Achieving Your Goals

Here are nine habits that can help you become unstoppable in achieving your goals and fulfilling your potential:1) Set clear goals: Have a clear vision of what you want to achieve and set specific, measurable goals that will help you get there.2) Create a plan: Break down your goals into smaller, achievable tasks and create a plan of action to accomplish them.3) Stay focused: Stay focused on your goals and avoid distractions that can derail your progress.4) Take action: Take consistent action towards your goals, even when faced...

Sunday, 31 January 2021

Intelligent Investment Learnings in Stock Market by Madhusudan Kela

About Madhusudan Kela:Madhusudan Kela is an Indian businessman and investor from Kurud, Chhattisgarh. He was chief investment strategist at Reliance Capital until 2017. He is currently the promoter of MK Ventures and a member on Board of various companies. Madhusudan Kela frequently comments on Capital MarketsHe graduated in 1991 from K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai with a Masters in Management Studies. Thereafter he did equity research at CIFCO and Sharekhan. In 1994, he joined Motilal Oswal to start...

Saturday, 30 January 2021

“Rome cant be built in a day”

“Rome cant be built in a day”Same thing applies to your wealth too. In this fast changing world, everyone expects everything to happen quickly and reacts quickly.One thing which cannot change is “Slow and steady wins the race”.In  your childhood, you would have heard the race between Tortoise and Rabbit.Rabbit will move ahead and sleep as it covered large distance. Tortoise will slowly and steadily marches ahead and wins the race.SIP in mutual fund is like Tortoise winning the race. You can start a SIP and just forget it. In the sense, don’t...

Saturday, 2 May 2020

7 Tips to Improve your Financial Health during this Corona Lockdown

The world is reeling under the Corona Virus Pandemic. Many people are experiencing job losses as companies across globe shut production. Markets have also shown huge fluctuation wiping our crores of investor's wealth. Needless to say, people are concerned about their finances due to COVID-19 pandemic. With so much uncertainty around, it’s important now more than ever to focus on saving and reduce spending. During this Corona lockdown, follow some...

Tuesday, 18 December 2018

10 Golden Rules of Investing

Investing does not have to be complicated and it should not be exciting either. Putting your hard-earned money to work in the financial markets is all about helping you get what you want from life while making sure you can sleep easily at night. It is not about riding roller-coasters. To invest, you need to draw up a clear plan, do your own research, build in a margin of safety by always thinking about the valuation and, ultimately, be...

Monday, 25 June 2018

What should be your investment strategy when you are in debt?

While managing your personal finance, you may face a dilemma of giving appropriate weightage to either investment or debt since both are important aspects of your personal finance. If you ignore debt repayment, then compounding interest will quickly spiral out and you may easily get into financial distress. If you ignore investment, then you may fail to accomplish many of your financial objectives. So, it is important to maintain the right balance...

Monday, 4 June 2018

20 Important Lessons from Rich Dad, Poor Dad

Many people work very hard in their life, few work 10+ hours a day but eventually do not save much and never get rich. Robert Kiyosaki, author of the book explains smart ways to escape this “Rat Race”. Important Lessons from the Book (Summary): 1.    For most people, their profession is their income and they live through their work to survive. For rich people, assets they maintain, invest is their income. 2.    If,...

Sunday, 23 April 2017

10 Small Money Moves That Can Have a Big Impact

When it comes to money, small changes may work better than big ones. It's because smaller bite-size changes are more likely to grow into new habits that stick. These changes may seem minor, but they can have a major impact.  Try these 10 small money moves to build habits that can have a major impact on your financial success. 1. Save a Little Sure, saving a lot would be great. But saving what you can is even better. Maybe that’s Rs....