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How To Plan Your Finances Better, This Dussehra

With these 3 tips, you can conquer and rid yourself of financial demons holding you back this Dussehra

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Financial Plans
So, read, research, understand, and then invest to reap substantial returns.

At some point of time in life, you may have created a budget, followed or earmarked investments and tried to take control of your finances. Often, even the most stringent of financial plans, fall flat because of several reasons, such as:

  • Lack of prioritizing financial security
  • Overwhelming amounts of advice
  • Unforeseen circumstances and sudden expenses

In order to streamline your finances, it is important to delve deep and understand what financial mistakes hold you back.

This Dussehra, take a look at the financial shortfalls you need to overcome, and pledge to walk the righteous path. Here’s a brief lowdown on the same.

Bid Adieu To Procrastination
Just sitting and thinking of ways to execute a financial plan is not enough. You need to stop day dreaming in order to act when the time is ripe. Experts believe that in order to reap great returns from the market you need to keep an eye on your investments and keep rebalancing and diversifying your portfolio.

Volatile markets, for instance, are a signal that you need to increase your investments in safe options like FD, commodities, gold, and real estate. On the other hand, you can invest for short-term gains in assets like shares when the market is highly bullish. The trick is to be aware and informed so that you can take the right action at the right time.

Overcome Ignorance And Financial Fear


Ignorance or a bad experience are the main reasons why you may be afraid of doing anything other than storing your money in a savings account. Well, now is the time to conquer this fear. Financial planning starts from the moment you outline your goals and pick and choose assets for your portfolio to achieve them.

Detail out your financial goals and plans like retirement, a world tour with your family, your child’s marriage, and more. Then start putting in money in different instruments corresponding to each goal.

However, in order to decide what assets permit growth, you will have to read about them. The right research will help you gain more knowledge about the varied options, which in turn will ease the decision-making process for you. So, read, research, understand, and then invest to reap substantial returns.

finanancial plans
Choose high interest assured return investments

Lay The Bricks For Your Financial Wellbeing Today
Instead of waiting any further, start your financial journey right now. To begin with, include both short and long-term options in your portfolio. Introduce investments that guarantee earnings to boost your confidence and enjoy your gains.

Choose high interest assured return investments like recurring deposits, pension plans and fixed deposits on the one hand. On the other hand, you can pick riskier high return investments like shares.

Out of all these investments, FDs bring a lot on the table. So, you can choose to invest in varied cumulative and non-cumulative FDs from trusted issuers like Bajaj Finance. These FDs are lucrative in terms of the benefits and the interest rate they offer on your investment. Awarded ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating, Bajaj Finance FDs are credible and assure you up to 8.85% interest on your investment. As you can start investing with a mere sum of Rs.25,000, you have no excuse not to begin.

Financial plans
In order to streamline your finances, it is important to delve deep and understand what financial mistakes hold you back. pixabay

Since applying online is easy and convenient, it’s time to get started now! Choose between a cumulative FD in case you want to enjoy the benefits of compounding or a non-cumulative FD to access the interest as a regular payout.

With these 3 tips, you can conquer and rid yourself of financial demons holding you back this Dussehra and celebrate your financial triumphs for years to come.

Next Story

Filmmakers Crack A Code To Successful Business, Shooting With Budget Control

While Indian filmmakers continue to look at foreign locations depending on their need, several states within the country have developed shooting-friendly policies.

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films
"The story needs to be in place and the locations can be cheated on and passed off as real ones sometimes. Also, being outdoors ensures the film shooting goes uninterrupted, and can be wrapped up in time." Pixabay

By Radhika Bhirani

It was the search for exact replicas of the gear and guns of Special Forces Officers which pushed the makers of “Uri – The Surgical Strike” to explore Serbia as a destination that would lend the film an authenticity that would go beyond its Kashmir-like topography.

“I couldn’t have got a better Kashmir outside Kashmir than Serbia,” director Aditya Dhar had once said of the southeast Europe country, now a hub for Indian film shootings owing to easy commute — no visa regime for India for 30 days — and an attractive 25 per cent cash rebate.

But Dhar’s reason to take the crew to Serbia was more than one.

He told IANS; “The kind of gear we were looking at for the film; the clothes, the guns, the night vision goggles, the helmets… Our requirement was very specific as we wanted to be as close to what real Special Forces Officers use. That kind of gear is not available in India. You get those kind of things in Europe or the US.

“Importing that to India may take you close to a year or two. And because the film was very time-specific, I couldn’t have taken that risk. That was one of the prime reasons why we went to Serbia.

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Filmmakers have to be smart about how they pull off films within a budget and with right locations because the stars charge a lot. So, they have to rationalise the shooting budget Pixabay

“The other was that the topography of Serbia is very close to Kashmir. That actually lent itself perfectly to the film. Another reason was that it was not a very expensive territory to shoot in, and was easy to commute to.”

“Uri…” was shot in 49 days and within a budget of Rs 25 crore. And Dhar was happy to have replicas of M4 carbine, M16 rifle and AK47.

“Somewhere, I feel if the law of importing the replicas into India can be eased out so that we can use them for film shooting purposes and we don’t have to go abroad so much. Instead we can create the exact same thing in India,” said the director, whose film has crossed the Rs 200 crore mark at the box office.

This is just one of the many examples of how, with tight schedules and smart choice of locations, our filmmakers are gradually moving towards an ecosystem where they are able to control the shooting budget to create content-driven movies that reap box office returns and audience appreciation.

“AndhaDhun”, shot in Pune, was a runaway success. “Stree”, shot in Madhya Pradesh, ran successfully and crossed Rs 100 crore. “Badla”, a story that largely oscillated between two rooms, was shot in Glasgow, Scotland, and has made close to Rs 90 crore. “Luka Chuppi”, shot in Gwalior, has surpassed that mark, as per industry sources.

Sometimes special shooting requirements, like in the case of “Uri…”, take filmmakers abroad — as it happened in the case of “Race 3”, when Hollywood stunt director Tom Struthers got UAE military support with a Blackhawk helicopter, Oshkosh trucks, NIMR military vehicles, and Humvees for action scenes. But that didn’t guarantee word-of-mouth success.

Trade analyst Komal Nahta told IANS: “Filmmakers have to be smart about how they pull off films within a budget and with right locations because the stars charge a lot. So, they have to rationalise the shooting budget. Plus, the audience is so discerning about the content that filmmakers can no longer sell stories on location alone.

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Filmmakers need to have better production planning and better integration with government authorities for a smooth process. Pixabay

“The story needs to be in place and the locations can be cheated on and passed off as real ones sometimes. Also, being outdoors ensures the film shooting goes uninterrupted, and can be wrapped up in time.”

Amod Mehra, another trade expert, said managing time and budget well can also be credited to how the industry has become very “professional and well organised” over the years. “Artistes do enough workshops before beginning the shoot so that no time is lost on sets. Plus, we are no longer shooting on reels,” Mehra told IANS.

While Indian filmmakers continue to look at foreign locations depending on their need, several states within the country have developed shooting-friendly policies. That is besides the single window clearance system put in place by the Ministry of Information and Broadcasting.

Also Read: Helicopter Attack on Six Rohingyas in Myanmar’s Rakhine State

Vikramjit Roy, a seasoned film fraternity member who now heads the Film Facilitation Office (FFO), told IANS: “The process of seeking permissions is not complicated anymore. In fact, the guidelines are very specific and there is no anomaly. Filmmakers need to have better production planning and better integration with government authorities for a smooth process.

“The government mechanism is in place, and the FFO now gives the comfort of single window clearance, so filmmakers can totally leverage that.” (IANS)