Understand your health insurance deductible. If your medical bill is ₹10,000 and your deductible is ₹5,000, you pay the first ₹5,000. Your insurer covers the rest. Avoid surprises.
Don't ignore tax benefits on your home loan. A ₹40,000 EMI for 20 years on a ₹50 lakh home means ₹96 lakh paid. But you get tax benefits on principal (80C) and interest (24b). Maximize these savings. We teach this at tryfinlo.co
A ₹5,000/month SIP from age 25 to 60 (35 years) at 12% p.a. gives ₹3.16 crore. Starting at 26? ₹2.81 crore. That's a ₹35 lakh loss for one year's delay. Start now.
Myth: I'm too young/old to start investing. Reality: The best time to start is yesterday, the next best is today. Compounding works wonders, whether you have 50 years or 5 years. Start with what you have. Finlo helps you begin.
Myth: Financial planning is only for retirement. Reality: Financial planning impacts every life stage: saving for college, buying a home, starting a family. It's a continuous process for all your goals. Finlo covers all stages.
Myth: All debt is bad. Reality: Good debt, like a home loan or education loan, can build assets or increase earning potential. Bad debt, like high-interest credit card debt, is for consumption. Learn to tell the difference.
Myth: You must time the market perfectly to succeed. Reality: Studies show time in the market beats timing the market. Consistent investing, like SIPs, smooths out volatility and builds wealth over the long term. More on this every week → tryfinlo.co
Myth: Investing in the stock market is like gambling. Reality: Gambling relies on chance. Investing in stocks, with research and a long-term view, is about owning a piece of a growing business. Finlo helps you learn the difference.
Money is the most expensive class you never took. The bill just shows up years later, as a bad loan, a mis-sold policy, a decade of lost compounding.
Finlo is the make-up lesson. 60 seconds a day.
Myth: You need a financial advisor only if you're rich. Reality: Smart planning benefits everyone. An advisor helps set goals and choose investments from day one. It's about smart planning, not net worth. We teach this at tryfinlo.co
Crypto futures are gaining traction in India. They differ from spot trading and carry significant risks due to leverage and volatility. Understand these before you trade. Finlo teaches risk management.