कृपया एक विकल्प चुनिए, आपका क्या मानना है किसी व्यक्ति के दिमाग में सबसे पहले क्या विचार आएगा जब उसे पता चलेगा  कि उसकी कमाई का जरिया  बंद हो गया है ।

1. हे भगवान ! अब मैं अपने घर से कैसे हुई मेरे हर महीने के बिल  और लोन की इंस्टॉलमेंट कैसे  भर पाऊंगा।
2. मैं  अपनी कमाई का  दूसरा जरिया कैसे बनाऊं? 

हम दुआ करते हैं कि दुनिया में किसी को भी ऐसे  हालातों का सामना ना करना पड़े। पर जिंदगी हमारी  इच्छाओं के अनुसार नहीं चलती और हर किसी को अपने हिस्से की मुश्किलों का सामना करना ही पड़ता है ।

पर ऊपर दिए गए दो विकल्पों में से  मैं पहले विकल्प जैसा इंसान नहीं बनना चाहता। जैसा कि आप महसूस कर सकते हैं कि दोनों विकल्पों में समस्या तो एक ही है पर दूसरे विकल्प में  इंसान की मानसिक स्थिति बहुत बेहतर है।

अब एक आखिरी सवाल

कृपया यह चुनिए, कि अगर  किसी इंसान के घर में आग लग जाए तो उसे तुरंत क्या करना चाहिए?

1. पानी से आग बुझानी चाहिए ।
2. उस वक्त कुआं का होना चाहिए ताकि कुएं के पानी से आग बुझा सकें ।

 जाहिर है यहां कोई भी आम आदमी पहला विकल्प ही चुनेगा।

अब यहां आपको अनुमान लग गया होगा कि मैं आपातकालीन स्थिति में तैयार रहने की तरफ इशारा कर रहा हूं।और इस ब्लॉग में मैं आशिक आर्थिक तैयारी यानी इमरजेंसी फंड के विषय पर कुछ प्रकाश डालने की चेष्टा करूंगा।

चलिए आगे बढ़ने से पहले हम देखते हैं कि हमें इस ब्लॉग में किन सवालों सवालों के जवाब प्राप्त होंगे।

1.  इमरजेंसी फंड क्या होता है? 
2.  इमरजेंसी फंड क्यों बनाना चाहिए?  इमरजेंसी फंड की जरूरत क्या है? 
3.  इमरजेंसी फंड कैसे बनाएं? 
4.  इमरजेंसी फंड कितना बड़ा होना चाहिए? 
5.  इमरजेंसी फंड  का आकार तय करते समय किन बातों का ध्यान रखना चाहिए? 
6.  इमरजेंसी फंड कहां  रखना चाहिए?  
7. इमरजेंसी फंड का इस्तेमाल कब नहीं करना चाहिए? 
8. इमरजेंसी फंड का इस्तेमाल कब करना चाहिए? 
9. इमरजेंसी फंड से जुड़ी कुछ अन्य मुख्य बातें।  

1. इमरजेंसी फंड क्या होता है?

आसान शब्दों में कहें तो इमरजेंसी फंड वह पैसा है जो आपने केवल आपातकालीन स्थिति से निपटने के लिए ही जमा किया हो जो आपको आसानी से और तुरंत उपलब्ध हो जाए। इमरजेंसी फंड किसी भी व्यक्ति के मजबूत  पर्सनल फाइनेंसियल प्लानिंग( व्यक्तिगत वित्तीय योजना) की रीढ़ होती है।

2. इमरजेंसी फंड क्यों बनाना चाहिए?  इमरजेंसी फंड की जरूरत क्या है? 

• हमने पिछले 12 सालों में दो बहुत बड़ी वैश्विक आर्थिक संकटों का सामना किया है,  पहला है सन 2008 की मंदी और दूसरा है सन 2020 की COVID-19  महामारी। हमने इन  मुश्किलों से कम से कम एक चीज सीखी है कि हमारे नियंत्रण से  बाहर ऐसे बहुत से कारण हैं जो रातोंरात आपकी आर्थिक स्थिति को काफी बदल सकते हैं। इमरजेंसी फंड  बनाकर, हम आपात स्थितियों से निपटने के लिए तैयार हो सकते हैं।
• किसी आपात स्थिति के दौरान, हमें क्रेडिट कार्ड  लोन,  पर्सनल लोन या कोई और उच्च ब्याज दरों वाले उधार विकल्पों  को चुनना नहीं पड़ता है जो अनावश्यक आर्थिक तनाव पैदा करते हैं  और कभी कभी उधार और ब्याज के चक्रव्यूह में फसने का कारण बन जाते हैं।
• एक इमरजेंसी फंड होने से आपके मन को इस तनाव से  मुक्ति मिलती है कि अगर वास्तव में कुछ भयावह हो जाता है, जैसे कि आपकी नौकरी चली जाती है, तो आप अपना जीवन यापन कैसे करेंगे। और आप इस बारे में विचार कर सकते हैं कि इस आपातकालीन स्थिति का सामना कैसे करें।
• यदि आपने अपना इमरजेंसी फंड बना लिया है, तो आपके पास जीवन के बड़े फैसले आसानी से करने की क्षमता भी होगी। आप अपना करियर बदलने  बदलना चाहते  हो या अपने सपने को पूरा  चाहते हो तो उसकी भीयोजना भी बना सकते हैं।

3. इमरजेंसी फंड कैसे बनाएं? 

यहां आप 2 तरीकों का इस्तेमाल कर सकते हैं

1. मासिक योगदान
• सबसे पहले यह निर्धारित कीजिए की आपके इमरजेंसी फंड में कितने पैसे होने चाहिए।
• अब यह निर्धारित कीजिए कि आप हर महीने आपको अपनेे इमरजेंसी फंड में कितना योगदान  करने की जरूरत है।
• अब बस हर महीने पैसे बचाकर अपने इमरजेंसी फंड में जमा करने हैं।  हर महीने आसानी से पैसे बचाने का 1 तरीका  सीखने के लिए यहाँ क्लिक करें ।
2. वार्षिक / अनिश्चित योगदान

हर महीने की आय के अलावा और किसी भी आय का उपयोग हम इमरजेंसी फंड में योगदान के लिए सकते हैं।

• बोनस
• टैक्स रिफंड
• अनावश्यक वस्तुओं की बिक्री

 4. इमरजेंसी फंड कितना बड़ा होना चाहिए? 

Here I slightly agree & slightly disagree with the experts

most financial experts say:

A person’s emergency fund will vary from situation to situation,
A fully stocked emergency fund should hold between three to six months of expenses.
The first point I totally agree that the size of an emergency fund is different for different persons. But for the second part, my experience tells a different story I believe that with the emergency fund one should be able to manage the expenses for a minimum of six months, only to have better peace of mind so that one can focus to tackle the emergency.



5) What are the factors to be considered while deciding the size of an emergency fund?
Stability of career:– If you have an unstable career with low-risk tolerance. You'd probably want to have a large emergency fund. But if you have a stable career with a high-risk tolerance, then you might only need for a few months' worths of expenses on hand.
Difficulty in replacing your existing income:–
o   Easy: I could quickly get another job with similar pay.

o   Average: I’m well qualified but it may take time to find a new one.

o   Difficult: Jobs in my field and salary-level are limited or competitive.

o   Very difficult: I lack the right skills for the job market or am in an industry in which it takes a long time to land a new position at comparable pay



No. of income sources:– If a person has a single source of income he might require large emergency funds comparatively to a person having 2 or more sources of income.

6) Where to keep my emergency Funds?
Here I totally disagree with most of the Experts who recommend using liquid funds to keep your emergency fund. To understand the reason behind this disagreement let us first understand the basic requirements of emergency fund instrument:-

i)                    Money should be immediately available. (high liquidity)

ii)                   Capital should not be at any market risk.  (Low volatility)

Note:- we should select only those instrument which earns maximum interest while fulfilling the above 2 mandatory requirements.

Considering the above 2 mandatory requirements liquid fund is also an option but not the best option as the interest earned in it is more than saving accounts but less than FD. Actually they benchmark the saving bank interest & then say that liquid fund earns more interest so keep your emergency money in a liquid fund. Now why the experts say so? The reason is that in conventional FD doesn’t fulfill the first criteria completely.

But nowadays there are online Flexi Fixed Deposit options in many banks in India that allow you to online open a Flexi Deposit scheme & allow online premature withdrawal also. This flexibility of early withdrawal of Flexi Fixed Deposits allows you to liquidate the investment in the event of any emergency.

Hence the best place to keep your emergency funds are:-
a)      Cash at home    – 10 ~ 20-day expense.

b)      Saving Account – 1-month expense

c)       Flexi FD           – Rest of the amount.





7) What isn’t an emergency? When you shouldn’t use your emergency fund?
Sometimes we have some unexpected or big expenses so we are tempted to use the emergency fund & we try to convince ourselves with silly logic, so it is important to draw a line between emergencies and everything else for ex. emergency funds should not be used for:-

Occasional, Predictable Expenses like changing of car tires, etc.
One-time Costs like property tax, insurance policy renewal.
Planned purchases like a house, a new car, etc.


8) What is considered an emergency? When you can use your emergency fund?
A situation can be considered an emergency & justify the use of the emergency fund only if It is:-

i)        Unexpected

ii)       Necessary

iii)     Urgent

 Here are a few examples of true financial emergencies where it would make sense to use your emergency fund

Job loss
Unexpected medical expenses to maintain your health
Sudden unexpected car breakdown or accident
A sudden unexpected problem with a major system in an owned house such as an air conditioner, roof or electrical system
A family member gets hurt and you need to take time off work to provide necessary care


9) Important Points about emergency funds to keep in mind.
These funds are completely separate from the retirement savings and any investments in the stock market, mutual funds, etc.
In the very starting it does not have to a large, unattainable amount. Build a small emergency fund first.
Prefer the banks which allow partial withdrawal in Flexi FD.
In case of partial withdrawal is not available, never make a single Flexi FD of the total amount decided. with a no. of small amount Flexi FD when you will need to withdraw only a limited amount of money rest of fund will continue to generate interest.

Read More

HOW TO DEAL WITH FINANCIAL EMERGENCY?

Please select, what do you think what will be the first thing that would come in a person’s mind if he/she hears that he/she doesn’t have his/her income source anymore?

A)      Oh My God! How am I going to bear my monthly expense, bills EMI & loans repayment?

B)      How can I develop an another source of income?

We pray that no one in the world should face such a situation, but life doesn’t go as per our wishes & everyone has to face their share of challenges & emergencies.

But from the above two option, I don’t want to be the person like in option A. As you can clearly feel that although the emergency in both the option is the same, but in option B the person is clearly having a better mental condition.

OK, just one more question,

Please select, what do you think a person should do at the time when a fire broke out in his house?

A)      He should use water to extinguish fire.

B)      He should dig a well to gather water which he will use to extinguish fire.

Obviously, any sane person would say option A

Now, you can clearly understand that I am pointing to the preparedness for the emergency situation. And in this article I going to cover the financial preparedness part i.e. emergency fund.

Before proceeding further let us have a look at the topics to be covered in this article:-

1. What is an emergency fund?
2. Why should I create an emergency fund? Importance of the emergency Fund? Benefits of the emergency Fund?
3. How to create an emergency fund?
4. How big should my emergency fund be?
5. What are the factors to be considered while deciding the size of an emergency fund?
6. Where to keep my emergency Funds?
7. What is considered an emergency? When you can use your emergency fund?
8. What isn’t an emergency? When you shouldn’t use your emergency fund?
9. Important Points about emergency funds to keep in mind.

1) What is an emergency fund?

In very simple words Emergency fund is the money kept aside with the sole purpose of handling financial emergencies which is easily & immediately available. Or we can say it is a highly liquid source of money which is to be used in case of emergency only. Emergency funds are the foundation of strong personal financial plans.

2) Why should I create an Emergency Fund? Importance of the emergency Fund? Benefits of emergency Fund?

• We have learned at least one thing in the past 12 years witnessing 2 major global financial crisis, First - Great Recession of 2008 & Second – COVID 19 Pandemic, that there are factors beyond our control which can drastically change your financial situation overnight. By building up an emergency fund, we can be prepared to tackle emergencies.
• In case of an emergency, we don’t have to turn to credit card debt, family loans, or other borrowing options that create unnecessary financial stress which can lead to a vicious debt cycle.
• Having an emergency fund gives you peace of mind to know that if something truly bad happens, such as losing your job, you can think about how to deal with the emergency itself and not worry about how you’re going to bear your monthly expense.
•  If you've built your emergency funds, then you would also have the capability to make big life decisions more easily. You can even plan to change your career or follow your dream or passion.

3) How to Create your emergency Fund?

Here you can use 2 methods

1. Monthly contributions
• Calculate the amount that you want in your emergency fund.
•  Set a monthly contribution target.
• Save money every month. Just click here to Learn the no. 1 method to save money every month.
2. Annual/Surprise contributions
Any Income other than monthly salary can be used to contribute to emergency funds for ex.
• Bonus
• Tax refunds
• Selling of unnecessary items.

4) How big should my emergency fund be?

Here I slightly agree & slightly disagree with the experts

most financial experts say:

• Size of emergency fund will vary from person to person,
• A fully stocked emergency fund should hold between three to six months of expenses.

The first point I totally agree that the size of an emergency fund is different for different persons. But for the second part, my experience tells a different story I believe that with the emergency fund one should be able to manage the expenses for a minimum of six months, only to have better peace of mind so that one can focus to tackle the emergency.

5) What are the factors to be considered while deciding the size of an emergency fund?

• Stability of career:– If you have an unstable career with low-risk tolerance. You'd probably want to have a large emergency fund. But if you have a stable career with a high-risk tolerance, then you might only need for a few months' worths of expenses on hand.
• Difficulty in replacing your existing income:–

o   Easy: I could quickly get another job with similar pay.

o   Average: I’m well qualified but it may take time to find a new one.

o   Difficult: Jobs in my field and salary-level are limited or competitive.

o   Very difficult: I lack the right skills for the job market or am in an industry in which it takes a long time to land a new position at comparable pay

• No. of income sources:– If a person has a single source of income he might require large emergency funds comparatively to a person having 2 or more sources of income.

6) Where to keep my emergency Funds?

Here I totally disagree with most of the Experts who recommend using liquid funds to keep your emergency fund. To understand the reason behind this disagreement let us first understand the basic requirements of emergency fund instrument:-

i)                    Money should be immediately available. (high liquidity)

ii)                   Capital should not be at any market risk.  (Low volatility)

Note:- we should select only those instrument which earns maximum interest while fulfilling the above 2 mandatory requirements.

Considering the above 2 mandatory requirements liquid fund is also an option but not the best option as the interest earned in it is more than saving accounts but less than FD. Actually they benchmark the saving bank interest & then say that liquid fund earns more interest so keep your emergency money in a liquid fund. Now why the experts say so? The reason is that in conventional FD doesn’t fulfill the first criteria completely.

But nowadays there are online Flexi Fixed Deposit options in many banks in India that allow you to online open a Flexi Deposit scheme & allow online premature withdrawal also. This flexibility of early withdrawal of Flexi Fixed Deposits allows you to liquidate the investment in the event of any emergency.

Hence the best place to keep your emergency funds are:-

a)      Cash at home    – 10 ~ 20-day expense.

b)      Saving Account – 1-month expense

c)       Flexi FD           – Rest of the amount.

7) What isn’t an emergency? When you shouldn’t use your emergency fund?

Sometimes we have some unexpected or big expenses so we are tempted to use the emergency fund & we try to convince ourselves with silly logic, so it is important to draw a line between emergencies and everything else for ex. emergency funds should not be used for:-

• Occasional, Predictable Expenses like changing of car tires, etc.
• One-time Costs like property tax, insurance policy renewal.
• Planned purchases like a house, a new car, etc.

8) What is considered an emergency? When you can use your emergency fund?

A situation can be considered an emergency & justify the use of the emergency fund only if It is:-

i)        Unexpected

ii)       Necessary

iii)     Urgent

Following are a few examples of emergencies where it would justify to use your emergency fund

• Job loss
• Unexpected medical expenses to maintain your health
• Sudden unexpected car breakdown or accident
• A sudden unexpected problem with a major system in an owned house such as an air conditioner, roof or electrical system
• A family member gets hurt and you need to take time off work to provide the necessary care.

9) Important Points about emergency funds to keep in mind.

• These funds are completely separate from the retirement savings and any investments in the stock market, mutual funds, etc.
• In the very starting it does not have to a large, unattainable amount. Build a small emergency fund first.
• Prefer the banks which allow partial withdrawal in Flexi FD.
• In case of partial withdrawal is not available, never make a single Flexi FD of the total amount decided. with a no. of small amount Flexi FD when you will need to withdraw only a limited amount of money rest of fund will continue to generate interest.

Read More

आत्मनिर्भर भारत अभियान, 20 लाख करोड़ रुपये का विशेष आर्थिक और व्यापक पैकेज, गरीबों श्रमिकों एवं किसानों के लिए मुख्य बिंदु

प्रधानमंत्री का विजन

• आत्मनिर्भर भारत अभियान
• आत्मानिभर भारत के पांच स्तंभ - इकोनामी, इंफ्रास्ट्रक्चर, सिस्टम, वाइब्रेंट डेमोग्राफी और डिमांड (अर्थव्यवस्था, आधारभूत संरचना, प्रणाली, जीवंत जनसांख्यिकी और मांग) हैं।
• इसमें 20 लाख करोड़ रुपये का विशेष आर्थिक और व्यापक पैकेज का ऐलान किया गया जो भारत के जीडीपी के 10% के बराबर है।
• सभी क्षेत्रों में साहसिक सुधार करके देश को आत्मनिर्भरता की ओर बढ़ाना है।
• इस पैकेज में बहुत से अलग-अलग भागों को शामिल किया गया है लघु उद्योग, MSME, मध्यमवर्गीय, मजदूर कारखाने इत्यादि ।
• यह हमारे स्थानीय एवं स्वदेशी उत्पादों को बढ़ावा देना और उन्हें वैश्विक बनाने का समय है।

प्रधान मंत्री गरीब कल्याण पैकेज (गरीबों श्रमिकों एवं किसानों के लिए मुख्य बिंदु)

• गरीबों के लिए कोरोना वायरस के खिलाफ लड़ाई में मदद करने के लिए गरीबों के लिए प्रधानमंत्री गरीब कल्याण योजना के तहत 1.70 लाख करोड़ रुपये का राहत पैकेज। 
• 50 लाख रुपये प्रति स्वास्थ्य कार्यकर्ता का बीमा कवर।
• 80 करोड़ गरीब लोगों को अगले 3 महीनों के लिए प्रति व्यक्ति 5 किलो गेहूं या चावल का लाभ दिया जाएगा।
• अगले 3 महीनों के लिए हर महीने प्रत्येक घर के लिए 1 किलो दाल मुफ्त में दी जाएगी।
• 20 करोड़ महिला जन धन खाता धारकों को अगले 3 महीने के लिए 500 रुपये प्रति माह मिलेंगे।
• अगले 3 महीनों तक 8 करोड़ गरीब परिवारों को गैस सिलेंडर दिए जाएंगे।
• मनरेगा मजदूरी को 82 रुपये  प्रतिदिन से 202 रुपये प्रतिदिन बढ़ने से 13.62 करोड़ परिवारों को फायदा होगा।
• 3 करोड़ गरीब वरिष्ठ नागरिकों, गरीब विधवाओं और गरीब दिव्यांग को 1,000 रुपए की अनुग्रह राशि दी जाएगी
• 8.7 करोड़ किसानों को लाभ पहुंचाने के लिए मौजूदा PM-KISAN YOJNA के तहत किसानों को भुगतान किए गए 2,000 रुपए दिए जाएंगे।
• भवन और निर्माण श्रमिक कल्याण कोष का उपयोग श्रमिकों को राहत देने के लिए किया जाएगा।
• 100 से कम श्रमिकों वाले व्यवसायों में 15,000 रुपये से कम वेतन वाले वेतनभोगियों के लिए अगले तीन महीनों के लिए उनके पीएफ खातों में मासिक वेतन का 24%  जमा किया जाएगा।
• कर्मचारी भविष्य निधि ईपीएफ के तहत पंजीकृत पांच करोड़ श्रमिकों को 75% राशि या तीन महीने का वेतन, इनमें से जो भी कम हो, उनके खातों से गैर-वापसी आधार पर अग्रिम प्राप्त कर सकते हैं ।
• डिस्ट्रिक्ट मिनरल फंड (DMF) का उपयोग चिकित्सा परीक्षण, स्क्रीनिंग आदि की सुविधाओं को और बढ़ाने के लिए किया जाएगा।

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No.1 reason why you can't save money, How I started saving?

Hello dosto...(Hello Friends)

Hopefully, you are having a good day!
But just in case you are having some tension then after reading this article that tension will also fade away.

How??

The most common reason for the tension is finance in other words money, and the first step to get free from financial tension is saving, which is the topic of this article.

Let's try to understand the concept with a small story...

Once there were two friends who used to play together, study together, went to the same school, the same college and even joined the same company where the salary package of both was also the same.

Now comes the twist in story...

Soon after the first friend gets his salary all is money gets spent in the expenses like bills, Rashan, EMI, dining out, movies, etc. and at the end of the month, the first friend is left with an empty wallet. On the other hand, the second friend also has the same salary and have a similar expense but somehow he was always able to save some money at the end of the month.

The second most difficult that first friend faces is that wherever he has some unexpected expense or have any emergency he doesn't have sufficient money so he always has to go to his second friend and ask for money with a promise to return on a specific date.

Although he always returned the money on the promised date. but when the first friend had to repeatedly ask for money. His self-esteem started to fall and he was always feeling anxious and powerless, but the second friend was always happy, confident, and tension free. And both friends have observed this but,

Money is such a topic in our society that you cannot share your problems with everyone.

But since these two friends were chaddi buddy, one day when they were having drinks the first friend asked second friend buddy we are having the same salary but I always have to you come to you asking for money but you never need to ask for money, so how do you manage this.

Then the second friend replied "it's not very difficult first you have to understand the most common reason for not being able to save money"

No. 1 reason for not being able to save money

Then the second friend continued, let me remind you formula that we have studied in childhood:-

Income - Expense = Savings

Means after receiving our income when we have done all our expenses then whatever is left is our savings. And this concept has established its root deep within our subconscious brain.

And this is the real reason for not being able to save money in most of the people all over the world.

Then what should we do to save money? 

What the second friend doing differently?

He follows a different formula.

The simplest formula for saving money

This formula has just a minor modification in the previous one but with a major impact. So the formula is:-

Income - Savings = Expense

It simply means that whenever you get your income first of all you transfer a portion of your income to your savings/investments then manage your expense from the balance.

Now you might be thinking that

"What are you saying bro! We have our monthly expenses that we must do like house rent, utility bills, credit card bills, etc. that we must do at any cost"

Then my friend if you analyze this a little bit more closely then you will find that these fixed expenses are limited because the living standard of a person is based on his income. In short, a person earning 10Lac can save and a person earning 10k can also save money.

And if someone is having trouble meeting his normal daily life then it simply means that he/she has increased their living standard beyond their capacity. And to get out such situations soon I will also write an article to share my experience and learning with a budget.

Let's try to understand more deeply from the point of view of a person who has never done savings.

How to start saving money?

Let's assume your income is 50,000, Now make a list of all your fixed expenses & calculate the total money required. Then subtract that money from your income & divide the balance amount 20,000 into two parts first is saving & another is lifestyle expenses like movies, party, etc. in this case lets assume it to be 10,000 in both the categories.

Now what you have to do is simply put these 10,000 in your savings which are not easily accessible to you so that you can use this amount only in case of emergency.

This formula is very simple but that does not mean that it would be easy to implement also. Infact when I started to use this formula for the starting 5-6 months I was having a very hard time managing everything but slowly as my savings started to grow my motivation also skyrocketed & saving become my habit.

Now one more very important thing for you to consider is:-

My savings are sufficient or not?

To get the answer of this question, we will calculate our saving percentage with the following formula:-

SAVINGS x 100 

INCOME

If the value of the saving percentage in your case is less than 10% then it is bad, & you seriously need to reduce your expenses you might even have to cut your fixed expense.

if the value is between 10~20% then it's OK

if the value is between 20~30% then it's Good

if the value is greater than 30% then it's best.

Our aim should be to shift our savings in the next category either by increasing our income or by controlling our expense, although it is always preferred to increase saving by increasing income.

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How I started my Personal Financial Planning,

Hello Dosto! (hello friends)

Money is such a topic in our society that discussing about it is a taboo. People who talk about it are either considered arrogant or needy. Even in our own family, we do not get much information about it, due to which most people do not know how to manage their money well (personal financial management), & even some of them remain stuck in financial problems for their whole life. In short, due to a lack of information, many people get drowned in financial problems & debts.

Before proceeding further let me give you a disclaimer that If you are hoping that an expert will give you many tips to improve your financial situation on this blog, then I am sorry, I am not an expert, I am a common man like you and even a few years back I was also in big debt, but gradually I have got out of that problem, and will share my learning and experience with you through this blog.

What's My Objective??

My main objective is that I can explain to the common people even the complicated financial words in the simple language of the common man and can give some information related to handling and improving his financial condition, which I have learned from my experience so that I can make this difficult task a little easier for the common people. 

According to my experience, for the understanding of ordinary people like us, who do not already have any concrete financial knowledge background. The main stages of personal financial management are: -

1. Financial literacy
2. Personal financial planning
3. And good financial habits

1. Financial literacy  

On this first step, we should gather basic information about finance and the terms related to it, for example, what is cash flow, what is an emergency fund, What does asset & liability mean. With the help of this information, we get a clear idea of ​​our current economic situation and we are able to find out which economic activities that we currently doing are the root cause of our economic problem.

2 . Personal financial planning

At this stage we use our financial knowledge gathered in the previous step to set our short term and long term financial goals and device a financial plan which acts as a guide for all our future financial activities so that all our actions work in the direction to achieve our financial goals.

3. Good financial habits

In this stage, there are basically some good habits related to the money that you develop by working according to your financial plan.  For example, saving some percentage of your income monthly, where do you invest and in what proportion, and how do you control your expenses.

Video/blog series to explain the first stage : -

1) How to save

2) Emergency Fund

3) cash flow

4) How to calculate your net worth

5) Concept of assets and liabilities

6) What is the meaning of financial goals

7) How to decide where I want to keep my savings.

Stay connected for all this information, I will also upload all this information soon.

https://amzn.to/3dwVbZ1

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मैंने अपने पैसे संभलना कैसे शुरु किया? (Personal Financial Management), आर्थिक स्थिति बेहतर बनाने के पड़ाव

हेलो दोस्तों  (Hello Dosto)

अगर आप  सोच रहे हैं क्यों इस ब्लॉग पर कोई विशेषज्ञआपको अपनी आर्थिक स्थिति बेहतर करने के लिए बहुत सारी युक्तियां देगा तो मैं माफी चाहता हूं मैं कोई विशेषज्ञ नहीं हूं मैं आपकी तरह एक आम आदमी हूं और कुछ वक्त पहले तक मैं खुद भी एक बड़े कर्ज में था पर धीरे-धीरे अब मैं उस समस्या से बाहर निकल चुका हूं, और इस ब्लॉग के जरिए अपनी सीख और अनुभव आपके साथ शेयर करूंगा ।

पैसा ऐसा विषय है हमारे समाज में जिसके बारे में बात करने वाले को या तो लोग घमंडी समझते हैं या जरूरतमंद समझते हैं। यहां तक कि हमें अपने खुद के परिवार में भी इसके बारे में ज्यादा जानकारी नहीं मिलती जिसकी वजह से ज्यादातर लोगों को अपने पैसे को अच्छे से संभलना ( personal financial management) नहीं आता जिसकी वजह से बहुत से लोग अपनी पूरी जिंदगी आर्थिक समस्या (Financial problems) में फसें रह जाते हैं । संक्षिप्त में कहूं तो जानकारी की कमी की वजह से बहुत से लोग वित्तीय समस्या (Financial problems) यानी कर्ज में डूब जाते हैं ।

मेरा मुख्य उद्देश्य है कि मैं आम लोगों को मुश्किल तकनीकी शब्दों को भी आम आदमी की भाषा में ही समझा कर अपनी आर्थिक स्थिति बेहतर को अच्छे से संभालने और बेहतर बनाने से जुड़ी कुछ ऐसी जानकारियां दे सकूं जो मैंने अपने अनुभव से सीखी हैं ताकि आम लोगों का यह मुश्किल काम थोड़ा आसान हो सके । 

मेरे अनुभव के अनुसार हम जैसे सामान्य लोगों के समझने के लिए जिनके पास पहले से इस विषय की पहले से कोई ठोस जानकारी नहीं होती है। अपने पैसे सँभालने ( personal financial management) के मुख्य चरण हैं  : -

1. वित्तीय साक्षरता (Financial literacy)
2. व्यक्तिगत वित्तीय नियोजन (Personal financial planning)
3. और अच्छी वित्तीय आदतें (and good financial habits

1 . वित्तीय साक्षरता (Financial literacy)

इस पहले पडाव पे हमे अपने फाइनेंस के बारे में और उस से संबंधित शब्दों के बारे में बुनियादी जानकारी जमा करनी चाहिए उदाहरण के तौर पर नकदी प्रवाह (cashflow) क्या होता है, आपातकालीन निधि(Emergency fund ) किसे कहते हैं, संपत्ति (asset) किसे कहते हैं, देनदारी (Liability) क्या होती है। इन जानकारियों की सहायता से हमें अपनी वर्तमान आर्थिक स्थिति का स्पष्ट अंदाजा लगता है और हम यह पता लगा पाते हैं कि वर्तमान में हमारी वह कौन सी आर्थिक गतिविधियां है जो कि हमारी आर्थिक समस्या का मूल कारण है ।

2 . व्यक्तिगत वित्तीय नियोजन (Personal financial planning)

इस पड़ाव में आपने जो आर्थिक ज्ञान पहले पड़ाव में हासिल किया है उसके इस्तेमाल से अपने आर्थिक लक्ष्यों को निर्धारित करके एक आर्थिक योजना बनाते हैं जो कि भविष्य में आपकी सारी आर्थिक गतिविधियों के लिए मार्गदर्शन करती है, ताकि आपकी सारी गतिविधियां आपके आर्थिक लक्ष्यों को प्राप्त करने की दिशा में ही कार्य करें।

3 . अच्छी वित्तीय आदतें (Good financial habits)

इस पड़ाव में मूल रूप से आपके पैसों से जुड़ी कुछ अच्छी आदतें हैं जो कि आपअपनी आर्थिक योजना के अनुसार कार्य करते हुए बनाते हैं । उदाहरण के तौर पर प्रतिमाह अपनी आय का कितने प्रतिशत बचत करते हैं, अपना निवेश आप कहां और किस अनुपात में करते हैं और आपके और आपके खर्चों को आप किस प्रकार नियंत्रित करते हैं ।

पहले पड़ाव को समझाने के लिए बनाई जाने वाली वीडियो/ ब्लॉग श्रृंखला: -

1) बचत कैसे करें

2) आपातकालीन फंड

3) नकदी प्रवाह

4) अपने निवल मूल्य की गणना कैसे करें

5) संपत्तियों और देनदारियों की अवधारणा

6) वित्तीय लक्ष्यों का अर्थ क्या है

7) कैसे तय करें कि मुझे अपनी बचत कहां रखनी है।

इन सब जानकारियों के लिए जुड़े रहें मैं जल्द ही यह सारी जानकारियां भी अपलोड करूंगा ।

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