8 Reasons Why People Don't Do Any Investment – Part 2

In my last blog, I have written about the difference between investment and non-investment. You can read it here.

 

Today I am going to write about the reasons why people don’t do any investment.

I have observed lot of reasons for not doing any investment. In first part I have written about 4 reasons, you can read that here.

Here I am listing remaining reasons.

8 Reasons Why People Don't Do Any Investment – Part 1

In my last blog, I have written about the difference between investment and non-investment. You can read it here.

Today I am going to write about the reasons why people don’t do any investment.

I have observed lot of reasons for not doing any investment. Here I am listing some common reasons.

What is Investment and What is Not

"Investment is putting money into an asset with the expectation of capital appreciation, usually over the long-term future"

Lets see what some people says about investment.

Case 1: I didn't think much and put all my money in saving account it gives me 4% interest.

Is this investment? No. You are earning 4% interest but inflation is 6%-8%, that means you money's value getting reduced by 2%-4% every year. Who is actually earning here? banks. Same money they are giving you as loan with interest rate 11%-17%.

How to Download Form 26AS (Tax Credit)

Verification of TDS data with Form 26AS is very important step before filing your return. For error free return filing make sure you verify TDS details in Form 16 or Form 16a with Form 26AS.

Form 26as is available in TRACES website. Please follow the below steps to download your Form 26as.

3 Mistakes of My Financial Life

Normally we do mistakes and also learn from our mistakes. But sometimes it take a lot of time to realize our mistake due to our own ignorance or ego. At times we thinks that we know everything and because of this we didn't listen to correct advise sometimes. 

Sometime we do mistakes due to laziness (i.e. purchase useless insurance  plan or ULIP without understanding them), sometime we do mistake because we trust some person and got wrong advise (mostly happens in sales).

Making mistakes is not a crime but not learning from the your own and others mistakes is definitely. I also did lot of mistakes in my financial life but here I am writing about the major ones.

Step by Step Guide for E-Filing Income Tax Return

Deadline for filing IT return is fast approaching and still many salaried people didn't filed their return's yet. Since e-filing is mandatory if your total taxable is more than 5 lacks. There are some third party sites available for filing return online but majority of them charges fee. 

Majority of salaried person opts for this saying that fee is very small but if you know the whole procedure of e-filing than you will come to know even this small fee is unnecessary and you can file your return by own self easily. 

In this blog I am going to explain how to e-file your return step by step.