This episode lists out the need and importance of saving besides explaining why saving is needed!

Compounding refers to the reinvestment of earnings at the same rate of return to constantly grow the principal amount, year after year. It is a technique of making your money work harder for you and is perhaps the most powerful tool that an average investor can use to plan for many of life’s financial goals, including retirement. Compounding is the magic of investing said Jim Rogers, the famous American businessman and financial commentator. It is indeed one of the most powerful weapons in...

The time value of money (TVM) is the concept that money you have now is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received. Time value of money is also sometimes referred to as present discounted value. The time value of money draws from the idea that rational investors prefer to receive money today rather than the same...

This episode explains the meaning of personal finance and its need in everybody's life!