What is a Ponzi Scheme?
A Ponzi Scheme is a fraudulent investment operation where the operator, an individual or an organisation, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Typically, extraordinary returns are promised on the original investment. The fraudster will vanish with investors’ money, […]
Millennials Money making Habits
Millennials are apparently the most privileged generation ever in terms of access to avenues for managing and making money. Millennials are apparently the most privileged generation ever in terms of access to avenues for managing and making money. 3 ways COVID is changing Millennials Money Habits Millennials are cutting back on spending Over half (54%) […]
5 Tax Saving Hacks
If you invest in stocks and equity funds, you must have earned healthy returns in the past few years. But while the going has been good on the investment front, there is bad news flowing from the tax department. In the past few years, the tax monster has spread its tentacles and started moving into […]
15 Ways for Teenagers to make Money in India
Being a student, one really has the zeal and passion to grow up, work a job, and earn money online in India. They are extremely excited to map their futures and experience work-life. But, they are left wondering, “How to make money online in India for students”. If you are one of these, who are looking for […]
What to do if you suffer loss in Business or Investment?
In the past couple of years, the pandemic has seen various small- and medium- sized businesses close down or suffer huge financial losses. Whether it is a business or investment, and be it due to external factors or a wrong strategy on your part, the resulting losses can be devastating and can throw your personal […]
What happens if Bitcoin crashes to zero?
Bitcoin has mostly gone “up and to the right” for much of its existence, with its price climbing from essentially zero to as high as $60,000 in under a decade. The original cryptocurrency is now one of the largest currencies in the world, and in its short lifespan has become one of the most profitable assets of all time. Quick check: Check […]
FIRE – Financially Independent and Retire Early
The Financial Independence, Retire Early movement, or FIRE, is a group of people trying to gain financial independence by amassing enough wealth and cutting their expenses so that they can retire extremely early. Many FIRE proponents are looking to retire in their 30s or 40s. Shockingly, 67% retirees work to earn bread and butter and […]
What if Bitcoin crashes to zero?
Bitcoin has mostly gone “up and to the right” for much of its existence, with its price climbing from essentially zero to as high as $60,000 in under a decade. The original cryptocurrency is now one of the largest currencies in the world, and in its short lifespan has become one of the most profitable assets of all time. Quick check: Check […]
Risk in Bitcoin and Cryptocurrency
A Cryptocurrency is a form of digital money. Cryptocurrencies run on a decentralized network, which allows them to exist outside the control of central authorities. Transactions can be cleared with no trusted third party standing between payer and payee, and are designed to ensure that the payor has the funds and that each transaction is […]
Guide for Millennials Investments on Real Estate Sector
Real Estate Investment should be a reality for many millennials. Most millennials was happy living in a ‘rented space’ in the pre-pandemic era. But things took a turn, post COVID. Now millennials are on a lookout to buy a home to fulfill their needs. Real estate investment and Millennial has been a topic of discussion for […]