Money and Honey

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

Friday, 6 January 2017

10 Essentials to Stay Wealthy in 2017

Come New Year and its celebration time. It’s generally a happy time spent with near and dear ones. In the same spirit, it’s good to take stock of one’s financial well-being as well and chart a set of resolutions that could help you stay wealthy in the year 2017. Here’s a list of ten resolutions which could help you with this: Resolution 1: Go digital. With online banking, wallets and UPI seeing a significant penetration and surge, a large...

Thursday, 5 January 2017

The Magic of Compounding

Napoleon Hill author of best seller ‘Think and Grow Rich’ is often credited as saying that ‘Make your money work so hard for you; so that you do not have to work for it.’ Various books have been written on the art and science of making money based on more or less the same principle. Mathematically speaking ‘Make money work for you’ is called as compounding or simply compound interest. Albert Einstein was amazed by the power of compounding and...