Financial Services: Do You Need Exclusive Training to Work in it

Often finance investment companies in Delhi, India are wrongly imagined with Wall Street stereotypes. Smart-talking, slick suits, number crunching and more. However, that’s not the format in a Non-Banking Financial Company. In a reputed NBFC, the core mission remains steadfast commitments to the customers to help them manage their savings and investment with a transparent, value-added approach so that they can gain valuable benefit from their money.

Working in a Non-Banking Financial Company is more exciting than you’ve ever imagined. It’s fast paced, mission-driven, innovative and the services offered by it are never out of demand. But, this industry definitely suffers a talent crisis because of several myths and misconceptions that prevent outstanding people from applying for a job in this industry. 

Myth #1: No Qualification in Finance:

Having a degree in finance is no longer a hard and fast rule for getting job in a financial firm. Nowadays, qualities like communication skills, problem solving abilities and ambition give an individual the entire spark that is required to become a manager in a financial company. For some customer-facing roles employees are required to be trained, but most of the time the above mentioned character traits are all that help an employee to achieve maximum acquisition.

 

Myth #2: What Matters is only Sales

Today’s investor doesn’t want an employee to just meet them and acquire their money for a certain brand. They want good customer relationship, problem solving, and a holistic approach in the professionals that provide a tailor-made solution to their life and their needs. This is a strong indicator of the fact that it’s clearly not about sales. This trend represents a big change in what today’s investor is looking for from their financial service provider. So, what really matters these days to increase sales is great communication skills, critical thinking to hand out the perfect solution to a specific client and good relationship building abilities. And, it’s very much understandable that mastering the above mentioned qualities is more important than having a certificate in Finance.

Myth #3: Unable to Make a Difference

The finance investment companies in Delhi, India is known to make enormous difference in the lives of the investors. It’s really amazing to note the positive impact that is pushed to the lives of the clients by the finance professional. Whether it be helping them choose the right investment plan, applying for personal loan, or ensuring that they get the expected return on their money. In a nutshell, to be able to operate well in the market, Finance Investment Companies in Delhi, India strictly aligns themselves with good values to give back to the society in powerful ways. So, if you operate on common values, there can’t be a better working place than a finance company no matter if you were not educated in finance.

Here’s How You Can Get There

Having a large number of choices in your life is definitely going to help you in the face of a financial crisis. You may be wondering what exactly this means and how can having large number of choices compares with financial freedom. Well, according to finance investment companies in Delhi, India being financially free is pretty much more beneficial than being rich. Here, you have to understand the basic difference between the two - Although many of you would disagree with the fact that I’m not rich — but I am financially free, both are actually two different things. It’s important to understand that the two are not synonymous.

No matter how much money you earn, financial freedom solely depends on discipline. Even if you are rich you may not be financially free because all these years you have hardly considered thinking about it owing to all the security that you enjoy. Finance investment companies in Delhi, India is of the view that creating financial freedom calls for a little patience, and strong commitment to spend less than you earn. So, experts interpret financial freedom as a state of mind as much as it’s a state of being.

So, how to attain this state of mind or the state of being? Well, here are some important points that can help you how to make it happen -

Make it a point to live well below your means. Avoid debts and if you take it try to keep it minimum. Never buy anything unless you have the money already set aside to pay for it in full. Following these simple rules will allow you to avoid paying tens and thousands of dollar in paying interest. In this way you’ll not only be able to fulfil your wishes in baby steps, but would also create a full proof financial back up.

What is the Difference between Visa and MasterCard

When you hear about the names Visa and MasterCard they might appear to be almost same to you. But, you’ll be amazed to know that both Visa and MasterCard are large payment networks that have completely different functions. According to finance investment companies in Delhi, India even card holders are sometimes not aware of the difference of these two cards and think that they are interchangeable.

The Main Difference:

Actually Visa and MasterCard are offered by two different card issuers. And, depending on the benefits that each card issuer can offer, the payment networks offer benefits on behalf of the card issuer. Thus, perks offered by different cards in the same network can vary widely. So, one Visa card may offer extended warranty protection while another may not.

Both Visa and MasterCard have premium benefit programs advertised to consumers that offer discounts on shopping as well as savings on travel along with other perks. Visa offers its Visa Signature program, while MasterCard features its world MasterCard and world Elite Master Card Programs. For example Visa signature card holders are entitled to use the Visa signature luxury hotel collection, which features more than 900 luxury hotels where cardholders can receive benefits such as free in-room internet, room upgrades and complimentary continental breakfast. On the other hand MasterCard’s world elite program offers its luxury Hotels & Resorts program that features similar perks to travelers.

In addition to this, there are certain discounts available to the holders of Visa and MasterCard business cards. The Visa savings edge program is available to Visa business card holders and it offers savings on travel, electronics and business solutions.  Likewise, the MasterCard easy savings program offers similar savings on shipping, office supplies and travel.

Which One is better:

In real sense of the term benefits offered on credit cards are administered by the payment network and it’s up to the credit card issuer to choose which benefits to offer for a particular card. Also, the rates and rewards of each card is determined by the card issuer not the payment network. Thus, as a credit card user you would be better off by focusing on the terms, rewards and benefits offered by the credit card rather than the payment network it belongs to. However, when it comes to participation in a premium benefit program considering the type of card you are holding can definitely help you achieve the premium perks. So, the final conclusion is that although both the cards appear to be very similar, Visa and MasterCards do offer some distinctions that are sufficient enough to convince you choose one card over another.

Finances: How to rebuild it After an Emergency

No matter how much financially stable you remain, time is such an entity that spares none and can go tough on you as well. Finance Investment Companies in Delhi, India is of the view that if you have depleted you emergency fund while facing tough times, you need to know the way of rebuilding it. You can take these steps to re-establish yourself after you've lost your safety net.

Preparing an Emergency Budget:

The first thing you need to do while undergoing or after coming out of financial crisis is that re-evaluate your budget. As you are in the emergency mode so you have to design your budget accordingly. Emergency budget is slightly different from the normal budget as it is more focused on cost cutting. A regular budget might include categories for dining or shopping, but an emergency budget is a stricter one. The main financial focus lies on replenishing the lost fund, so any extravagant expenses needs to be excluded.

Look For Opportunity:

According to finance investment companies in Delhi, India there is a lot small money making opportunities around us that we tend to overlook much often. In order to rebuild your expenses after an emergency you need to notice opportunities everywhere like money earned from credit card rewards, selling old household commodities for cash to put in your fund. You may not have many of these opportunities, but you must never ignore if you have one. A little resourcefulness can go a long way in rescuing you bad finances.  

Spend Less Earn More:

A basic personal finance rule says that you build your wealth by spending less than you can earn. Doing this helps in widening the gap between the amount you spend and the amount you earn. Earning more money sounds simple, but it is not that easy. You need to put some extra effort in the form of networking on social media sites to find a better job, learning to ask for a raise etc.

By taking these small steps you will be able to build a starter portfolio and gradually improve your personal finance overall. There’s nothing scarier than losing everything you've worked toward and realizing danger of going back to debt time and again. An emergency fund is known as a savoir, and things can be worse in the absence of it. Which is why it’s important to do all that you can to rebuild it once again!

Financial Responsibilities: Just Consolidate, Prioritize & Automate

Do you find yourself in a state of despair whenever you think about your financial responsibilities? Finance Investment Companies in Delhi, India says that understanding the benefits of good financial decision making and simplifying your role can help you take control of your finances. Here are some useful tips to help you create an easier structure in your finances.

Narrow Down Your  Number of Accounts:

According to finance investment companies in India having lot of accounts with many different financial institutions only increases tracking complexity and paperwork. Hence, one method to simplify your financial life is to consolidate your bank accounts to one checking account and one saving account to cut down on the paperwork and tracking.

Prioritize:

Plan your future and choose a few financial goals to focus on at a time like growing a retirement fund or creating new source of income and more. It’s really important to be specific about the goals you want to accomplish and plan the steps you need to take to reach them. So, prioritize and stick to your goals until you achieve them.

Keep Track of Your Comprehensive Budget:

When you are ready to get control of your financial life, it’s important to make sure that you’re living within your means. It’s important that you start living on a strict budget and once you start tracking where you money is going; you can categorize your expenses and put your money to better use.

 Automate Good Habits:

If you are too feeble to execute positive financial behaviours then consider not giving yourself the option. Set up direct deposits and contributions so you can watch your financial goals being accomplished without having to be proactive about it. Once you prevent the money from sitting in your account, you will automatically stop spending extravagantly.

According to finance investment companies, the more organized your financial management is, the more likely you are to stay on top of it and be in better fiscal health. You can use the tips above and search for your own ways to make this strategy a reality and watch your assets grow!

Paycheck: Are you slowly burning through it

Getting the paycheck is always exciting, but seeing it disappear in the blank of an eye is downright heartbreaking. According to finance investment companies in Delhi, India even if you’re not blowing your money on big-ticket items like designer bags, shoes, clothes etc. you might be slowly burning through your paycheck every day without even knowing it.

To identify how you might be blowing your paycheck – and how you can save more money – you can read up on these 6 common ways people blow their paychecks.

Paying Too Much on Housing:

Since major chunk of your income goes on maintaining housing, this is the area where you can make a major change to save on your paycheck.  Finance investment companies in Delhi, India recommends that you should not spend more than 30% of your income on housing. You can even spend less and save more by getting a room mate or moving to a different neighbourhood or a city where it’s easier to save money.

Household Shopping Without a List:

Maintain a list according to your requirements so that you pick up at the grocery store to avoid making any unnecessary purchases. With the help of the list you’ll know exactly what needs to be purchased, and you can save a good amount of money not having to do unnecessary purchasing.

Carrying Credit Card Debt:

Credit card debt is one of the most deadly types of debt you can carry. The debt may appear minimum to you, but they can cost you hundreds to thousands of dollars in interest. So, if you have a credit card debt, make a debt reduction plan to avoid wasting money on paying interest.

Not Using Your Benefits Package:

Many departmental stores, automobile stores, online shopping stores offer awesome benefits, like discounts on the commodities, free tickets to events etc. So, make sure that you’re reaping all the benefits you are entitled to.

Using Out-of-Network ATMs:

When you use an ATM that is outside of your network, your bank and the ATM might charge you a fee. Either find a bank that has plenty of ATMs in the places you visit frequently or a wide network of partners so that you are not charged extra money on every withdrawal.

Driving With a Dirty Air Filter:

You need to know the fact that driving around with a dirty air filter reduces your gas mileage by 7% after 5,000 miles, which can cost you at least $100 a year. Hence, finance investment companies in Delhi, India recommends that you look at your cars manual to learn how to clean the air filter yourself and save yourself from great wastage of money.

Salary: Reasons CEOs are always offered a Good Package

Along with America, the trend has swept in now in India where CEOs get paid highly lucrative sums of money for the job. According to finance investment companies in Delhi, corporate bigwigs have always been handsomely rewarded. But, in the past generation, average pay for CEOs in the largest companies of any given country has leaped nearly six fold.

Experts all over the world have examined years of pay data to offer a new explanation. Boards have been offering CEOs bigger and bigger part of company stocks because they don’t understand how stock options – a key component of CEO pay – work.

The company model that allow corporate executives to buy shares of their employers’ stock at preferential prices, were primarily designed to constrain top executives’ pay, or at least make sure that the pay is tied closely to company performance. It has long been an understandable thing that if a company’s stock rockets ahead, a rich grant of options can lead to a bigger pay scale to a CEO.

However, according to the new system has been based on somewhat different philosophy.  Boards have been offering high packages to CEOs by offering executives the same number of options year in and year out regardless of company’s stock prices. The practice means that each New Year’s grants tend to end up being potentially more valuable than the previous year’s, just because stock prices tend to end up being

The new research shows that something different has been happening: Boards have been offering CEOs very high pay by giving executives the same number of options year in and year out, regardless of company stock prices. The practice means that each New Year’s grants tend to drift higher than the previous year’s. Option grants end up being worth more and more every year—simply because an option on a share with a high nominal value is more potentially lucrative than an option on a share with a low nominal value.

However, there is some good news. In the past several years, it has gotten a lot harder for boards to give away the store. From 2006, large companies have been required to figure out the dollar value of options – and disclose them to investors. The finance investment companies in India concluded that boards appear to have become much more thoughtful about how they make grants to CEOs, and as a result the growth rate of CEO pay has also tapered off.

But that doesn’t exactly mean boards have altogether stopped giving high salary to CEOs. You need to know that by 2014 it had climbed to more than 300 times.

Money Tips: From the Diaries of Warren Buffet

Most of the money fans would be aware of this famous personality Mr. Warren Buffet. He is known all over the world because of his exponential investing success says finance investment companies in India. Buffett’s quotes are always wrapped up with humorous insights, colourful commentary and wise advice. It’s only that part that makes him a perfect fit for one of the best financial experts.

Some of his quotes provide perfect insights into how money works and what steps should you follow to grow wealth. Here are some of his best tips.

Never Lose Money:

Never venture in a project that calls for loss. Before investing in money plans or buying an asset/property, always keep off from risky ventures where you may lose your money.

Graduate College Early:

Aspiring to attain highest of degrees to be able to fit into best of the jobs is understandable. But, if the financial condition of your parents is not good and they are drowning in debt an early graduation will not only save you some money, but would also make you ready to earn something for the family.

Start Saving at a Young Age:

Youngsters are normally seen to overlook small jobs as it doesn't suit their qualification and personality. But, did you know that Warren Buffet made $175 a month by delivering newspapers. From that job, he accumulated $ 1,200 in savings and bought a 40 – acre farm in Omaha. So, do not keep it for later. Start saving money as early as possible so that the entrepreneur in you gets the chance to bloom with all the favourable conditions around.

Decide that you’re going to be Rich:

If you aspire to be rich in life, you have to have that gut feeling from inside that no matter what comes one day you’re going to be rich. Warren Buffet says that set high expectations for yourself; make yourself a commitment that you will become financially independent. Always identify when to get aggressive about your money and when to be conservative.

Maintain Good Savings Habits:

When evaluating your cash flow, you should understand that the more debt you carry, the more you will create a problem to your savings. Hence, focus in saving more and spending less. By saving money and avoiding debt, you will be able to enjoy peace of mind and you can also take the advantage of investment opportunities to grow your money.

Be Honest:

According to finance investment companies India, Warren Buffett has always been known for his honesty. Business practices that are based on honest operations build trust between colleagues and among staff and even competitors. In addition to this, investors as well as customers are likely to remain associated with businesses that are oozes of confidence and honesty.