Finmission's Class

     In the millennial economy of buy now & pay later, to be debt-free is quite a task. While everyone likes the idea of being debt-free, most of us don't even know what it truly means. Being debt-free doesn't mean you should have absolutely zero or nil debt, it's more like maintaining a minimal amount of good debt and eliminating all the bad debts that might impact your financial well-being. Being debt-free is considered a mark of being wealthy in countries like India. However, having good debt is also a sign of balanced financial health, but there is always a fine line. When you start considering taking debt or credit for every little thing and your definition of affordability changes, it's a sign of concern. We all know that availing of credit is pretty convenient these days. You can get a new credit card faster than your Amazon delivery. These easy debt repayment schemes of credit cards, fast-track loans, and many other facilities have created an illusion of aff

BEWARE!!! "For Financial Protection towards Life  just purchase a Simple Pure Term Plan"- Do NOT purchase anything else  !!!       Apart from normal Term Insurance there is something else clubbed with pure term plan which are marketed to get the attention of informed folks seeking term insurance. These are called as TROPs  (T erm insurance with return of premium) - Continue reading to know more about TROPs and its implications. -->Why term insurance with return of premium option isn't the best risk cover for you.      The 1 st  reason is that the premiums of TROPS are twice or thrice those of a regular term plan.   ·             So, to get the basics first - What is Pure Term Insurance ( or simply Term Insurance)- Term Insurance is the best way to secure your family’s financial well-being over the long term. They’re cost-effective and simple. Every person with “financial dependents” must consider buying a term plan before thinking about any other invest