Investment and personal finance is important in wealth creation. The simple rule of investment is that it should beat inflation. Today one liter milk is 50 rupees and it would be 100 rupees in 2030. Your 50 rupees investment should provide 100 rupees as return after paying tax. That is called investment. Insurance, fixed deposit and post office return will ...
What is inflation to us and how it impacts your salary hike. Let us take an simple milk price example. In 2009, you kept 20 rupees in the small pouch of your shopping bag to buy one liter milk. You did not buy a milk and forgot to take out the 20 rupees in that small pouch. In 2019, you ...