The need of financial freedom

The need of financial freedom

Today, India is celebrating 58th Independence Day. During these years we have achieved many milestones in many areas. We have made progress in each field like science, medicine, defense, infrastructure and many other sectors. But India still has a large population of the poor. A large section of India’s population are struggling for food and basic amenities.

We have still large section of people who have still not life insurance cover which is very essential for every citizen. Around half of the population have no bank account. Financial inclusion is the need of the hour for development and growth. It is very good sign that today during independence day speech our prime minister have shown commitment to open a bank account for each citizen with Rs 1 lakh insurance.

We are great saver but not good investor. Our domestic saving rate is very impressive and one of the top in the all over world. We need financial freedom for every individual. Financial freedom means every citizen should be capable to their future financial goal and leading towards peaceful and joyful life. To achieve financial freedom we will have to change the investment pattern. At present, majority of people invest in debt instrument like fix deposit which is not able to generate return to beat inflation. Before any investment, your target should be generate return which can beat inflation after paying taxes.

Equity investment is the best option for beat the inflation in long run and the long term capital gain is also nil. You can easily fulfill your future goal by investing in equity. We have discussed about this earlier in the past blogs and will discuss more in the next. Lets make a resolution for financial freedom for everyone.

If you want more information regarding investment or you have any other query about investment feel free to ask us.

Warm regards,

Arvind Trivedi

Certified Financial Planner

arvind.trivedi79@gmail.com

www.artofinvest.com