There are numerous options for investing and growing your money. The stock market, fixed deposits, and insurance policies are big favourites in India.

There are four primary asset classes that most individuals can invest their money in: 1. Equity - This also refers to stocks traded in the stock market. 2. Debt refers to products like Fixed Deposits, Government bonds, the Public Provident Fund (PPF), and National Savings Certificates (NSCs). 3. Real Estate - Residential and commercial property or land. 4. Commodities - Stuff like Gold, Silver, etc.

One of the most critical steps in the financial planning process is to know your money, that is, your financial position, well, and then be able to manage it wisely.

There is a big difference between saving and investing. Saving  is the process of putting cold, hard cash aside, usually in a savings...

Now that you have determined your income levels and have an idea of how much you are saving, it’s time to determine what you are saving...