ME Survey 2020 found that 66% of unmarried women claim they don’t make financial decisions independently, and 28% rely on their dads. The percentage increased to 69% for married women.More
Category Archives: Basics
Do you Focus more on the recent past? It can be Recency Bias
Giving importance to recent events and overlooking events that happened a while back is a type of cognitive bias called Recency Bias. More
Are you a Victim of Confirmation Bias?
The selection of opinions and information that strengthens our pre-existing notions and refusal to acknowledge and accept other views is known as ‘Confirmation Bias’. More
But First, Find Out The Why
Currently, I am reading this new book by Robert Kiyosaki ‘Retire Young, Retire Rich’ and in this book, he gives a lot of importance to the ‘Why’. One of the questions involves finding out why do we want to be financially free. He says that ‘how’ is less important than the ‘why’. The ‘why’ is…More
7 Reasons Why You Must Have an Emergency Fund in Your 20s
Before investing in mutual funds or setting up a Recurring Deposit (RD), it is essential to build an emergency fund. Think of emergency fund as your seat belt. It protects you from different vagaries of life. At least, financially. You don’t need to do a lot of research before building an emergency fund. You can…More