Category: Safe ‘Investments’
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Back in our time…
According to our parent’s generation, investments generally seem to mean Gold, Fixed Deposit, Post office related deposits, Provident Funds and for some crazy reason Life insurance policies. Now I don’t really care for Life insurance policies as an ‘investment’, they are and should always be a safety net that you’re essentially buying. The remaining things…
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What on God’s green earth is a deposit?
Okay. Here we go. Think of it as a piggy bank but on a small dosage of steroids. Like a bulky little piglet walking around a farm. That’s your deposit. The reason it’s just a small dosage of steroids is because the interest rate the banks are providing for deposits are quite low these days.…
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The DREADED PROVIDENT FUNDS
Done! I’ve set up my Emergency fund! Fantastic. You will now be able to afford your life if you get laid off for the next three months at least. I’m guessing if you’re reading this, you’re employed on a salary. Let me ask you this, when was the last time you looked at your payslip?…
