*Nine Personal Finance Rules we all must know* 1) Rule of 72 (Double Your Money) 2) Rule of 70 (Inflation) 3) 4% Withdrawal Rule 4) 100 Minus Age Rule 5) 10, 5, 3 Rule 6) 50-30-20 Rule 7) 3X Emergency Rule 8) 40% EMI Rule 9) Life Insurance Rule 1) *Rule of 72* No. of yrs required to double your money at a given rate, U just divide 72 by interest rate Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 years. At 6% rate, it will take 12 years At 9% rate, it will take 8 years 2) *Rule of 70* Divide 70 by current inflation rate to know how fast the value of your investment will get reduced to half its present value. Inflation rate of 7% will reduce the value of your money to half in 10 years. 3) *4% Rule for Financial Freedom* Corpus Required = 25 times of your estimated Annual Expenses. Eg- if your annual expense after 50 years of age is 500,000 and you wish to take VRS then corpus with you required is 1.2...
How to Get Your Copies of Exam Answer Sheets under RTI Act for Low Cost : As you are aware of the process to obtain certified copies as per the ICAI procedure, where a student has to apply online. RTI Act is in force since 2005, every year many students from CBSE, UPSC etc are applying for certified copies under the RTI Act, 2005, at Rs.2 per page. Procedure to Obtain ICAI Certified Copies under RTI : 1). Visit rtionline.gov.in and click on 'Submit Request'. 2). In the first field select 'Ministry of Corporate Affairs', and then 'ICAI' under public authority. Then fill your personal details. 3). Now in the filed “Text for RTI Request application”, provide details and request for certified copies. Format for the same is provided at the bottom of this post. 4). On Submission, you will be redirected to payment gateway then pay the amount via..UPI or Debit card or credit card or Net banking.Then application will be treate...