Finance and Career MagazineFinance Tips and Career Guidance Magazine

Thursday, August 24, 2017

Term Insurance Accidental Coverage and Cashless Services

The security and happiness of your family members would be your highest priority. However, life is unpredictable and you need to ensure their financial stability in case of your premature demise. This financial security may be achieved through life insurance coverage.

Traditional endowment and money back policies are expensive due to a higher premium. An excellent way to avail of higher coverage at an affordable premium is availing of a term insurance policy.

Sunday, July 23, 2017

GST Rumors around Credit Card Usage

There have been rumors being circulated that payments made using credit cards or other electronic modes of payment would result in double taxation under the newly-launched Goods and Services Tax. However, this is not correct since this tax is not based on the transaction, it is applied on the fees, or the merchant discount rate (MDR) that the merchant is charged by the bank. Since merchants are not allowed to pass on the MDR to the customer, any credit card transaction is not charged to the cardholder. 

For the customer there is no change as the merchant discount rate is not allowed to be passed on. For banks the difference is that they will now get input tax credit under GST. In the financial sector the only real impact of the imposition of GST is the three percentage point increase in tax. 

Saturday, July 22, 2017

Are Investors Being Misled by False Impressions About NAVs

The recent drive to clear some of the common myths about investing in mutual funds notwithstanding, some of the basic terminology of mutual funds is actually quite confusing for a new investor and even some savvy investors will also agree that they don’t fully understand some of the jargon when it comes to how mutual funds work. Some of the performance metrics typically used to sell mutual funds to customers can sometimes be misleading. 

Terms like NAV or Net Asset Value and dividend do not always mean what a new investor would assume they do. A high or low fund NAV is not something that is likely to affect the returns you get on your invested corpus. 

Thursday, June 29, 2017

3 Things You Should Do Immediately When You Get Your First Salary

Many people will agree that their first job really changed the shape of their career. A good first job can be the ideal platform that will launch you to new heights in your professional career. However, just like your first job is critical to the progress of your career, your first salary account is critical to a lifetime of financial transactions. 
first job

Your first salary account is often your first step into the world of money management. It is an opportunity to become completely financially independent. Getting your first job is a huge milestone, but this is just the beginning of what you can achieve. Most employers will open a bank account with a particular bank where the employer will deposit your salary.

Wednesday, June 21, 2017

Market Your Gym with These Productive Steps

Fitness is in. Health is in. Gyms are in. And, people are cashing in. Savvy entrepreneurs are investing in gyms to make money off the latest workout craze. But, there are plenty of fitness gurus realizing their long-term goal of owning a gym. No matter what side of the spectrum you’re on, knowing how to market your gym is essential. The competition is thick and getting thicker.

These steps teach you how to market your gym. By following these tips, you’ll attract more memberships from people looking to get healthy and in shape. You’ll also keep members for longer.
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