money

How to spot a pyramid scheme. 

A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of “investors.”  The initial promoters recruit investors, who in turn recruit more investors, and so on. The scheme is called a “pyramid” because at each level, the number of investors increases. The small group […]

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WHY DIAMONDS ARE SO EXPENSIVE ?

Diamonds are allotropes of carbon like graphite. But, the difference between them is tremendous. What makes diamonds so costly ? Well some might say that the extraordinariness, challenges in mining, toughness, cut, clearness, shading, and carat of diamonds make them costly and popular. Gold and silver are likewise uncommon, mining […]

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MANAGING MONEY AND INCREASING SAVING

“Before Money becomes Wealth, it’s just Money. And for making Wealth from Money, we need to MANAGE it.” Money Management is the broad concept which incorporates the key principles required for developing wealth and for preserving and protecting that wealth. It teaches about investing, budgeting, banking, tracking your expenses and […]

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The History of Money

According to various individuals: Money is said to be the root of all evil. Yet it is money which controls the world. But what exactly is money? Money is a term that refers to two concepts: the abstract unit of account in terms of which the value of goods, services, […]

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Investing lesson of Peter Lynch

Peter Lynch is one of the most successful and top value investor of all time. He was a legendary fund manager who gave 29% returns to their investors for 13 years in a row. He wrote books on value investing , where he shared his investment lessons which he learned […]

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WHAT IF 1RUPPEE IS EQUAL TO 1 DOLLAR ?

Before we get to that point we need to know the contrast between the two currencies. Dollar is considered as the strongest currency in the World. Each country in this World needs to have their cash as solid as Dollar since it is accepted that Stronger money = Stronger Economy. […]

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FUND TRANSFER: RTGS AND NEFT

RTGS RTGS stands for Real Time Gross Settlement, which can be defined as the continuous (Real Time) settlement of funds individually or by order. Real Time means the processing of instructions at the time they are received rather than at some later time. “Gross Settlement” means the settlement of fund […]

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COST

Cost refers to the expenditure incurred by a producer on factor as well as non-factor inputs for given output of a commodity. It can be categorized into explicit ( Opportunity cost of hiring inputs from the market, measured in cash payments that firm make to others.) and implicit costs. ( […]

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ACCOUNTING

Accounting is used to keep a record of all transactions in the business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. It helps to handle all the documentation at a particular place. Accounting is a necessary function for decision making, […]

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Cashless Economy – Boon and Bane ?

What is a Cashless Economy ? In a cashless economy most of the transaction will be done by digital means like e banking, debit and credit cards, PoS (point of sales) machines, digital wallets etc. In simpler words no liquid money or paper currency will be used by the people […]

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