5 Myths About Personal Finance And Their Reality
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Table of Contents
Myth #1: Owning a home is better than renting
Myth #2: Gold is a safe investment option
Myth #3: You need a sizable income to start saving and investing
Myth #4: You don't need to think about retirement planning before your 40s
Myth #5: Credit cards serve as an emergency fund
Conclusion
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Disclaimer
ABSLI Nishchit Aayush Plan. This is a non-linked non-participating individual savings life insurance plan. UIN No 109N137V06
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
~ Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹45,900 (45,900*40=18,36,000) + Maturity Benefit (₹16,80,000)= ₹35,16,000
ADV/4/22-23/147
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