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Five things to do this Diwali that could have a major impact on your money matters

Updated : November 07, 2018 01:57 PM IST

By investing for a little longer, you let compounding play in your favour. The longer time frame you keep, the better off you are. Although you do not have control on the rate of return, you can choose to remain invested for a longer period of time. This will help accumulate wealth.
Increase in income over and above inflation should translate into saving as much as possible. More important, these savings if channelized into the right investment then it can accumulate large corpus over long period of time.
Insurance is all about risk management and not investments. If you buy pure risk products such as term life insurance, personal accident insurance and health insurance you will protect your financial interests at minimal cost. It ensures that one's financial goals are achieved even if he or she is not around.
Five things to do this Diwali that could have a major impact on your money matters
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