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 If you are in your 20's , sure that just finished education or started earning. This is the right phase of your life to start investing, This could be useful for your future or fulfilling your needs. Steps to investing    The first and foremost is the  emergency fund  - Anyone can't we even know what's gonna happen, so it's better to build an emergency fund that is equal to your 6 month salary that you are earning now or atleast have a 2 months of your income.    P ay off debt  - If you are paying debt then it should be better to solve that in a short period of time, because it takes money and we stuck in a trap for long days.    Start putting money into retirement - If working on a 9 to 5 job or any other, start investing for your future. It will be very helpful, at that time ,you definitely need money. Financial words to know    Stock  - It is a share in a company that you can invest. For example, take a company Nestle, if you invest in that company stock thenyou wil

    Before knowing about what cryptocurrency is, nowadays we use paper currency and coins and then credit cards, etc these are all managed by banks and the government.     For example, if you want to send money to your friend through an online transaction, it is in the form of a  centralized transaction.  Sends money through a bank and the receiver receives the money through the bank in the form of an online transaction. Here the bank is a centralized authority.     There are some flaws in the centralized transaction sometimes the bank server goes down technical issues may occur the user account's maybe get hacked.      This is why the future of currency lies with cryptocurrency.      Imagine a transaction that happened between two people in the future is like one person has the  bitcoin  application, a notification arrives that whether to send the bitcoin or not if you click yes it receives to the receiver the process makes simple there is no centralized authority. This is in the

       What exactly does the bear market mean? The stock market index went down below 20% from its peak, that we called a bear market. Everyone noticed that there will be a  bull and bear  in the logo of the stock market. Anyone thinks about why there will be a bull and bear rather than any animals. There will be a backstory for these images. US found there will be some gold mines in the country at that time in the leisure periods they used to make the fight competition between the bull and bear, from these they implemented the pictures in the logo. Simply if the prices are going up then there will be a climate of optimism surrounding it, called the asset is on the bull market. On the other hand if the prices are going down and it seems most people are pessimistic, that we say an asset in the bear market.       If another question arises, how long does the bear market last? There will be different theories but broadly speaking, a bear or bull market which lasts longer for 5 years secul

     Will India become super power or not? How this question appears? . India got independence before 75 years and we are thinking on to become a super power. Now India is competing with the nations across the world. This question Can India become super power? this question arise in the year 1991, at that time government passes the act -Economic liberalisation of India. By this many people come out of poverty and over millions of people got employed. India is the 7th largest country by area and the 2nd most populous country in the world. It is almost one of the most fastest growing economies and a hub for information technology services and also have the powerful military services.      In recent years, various other countries get help from India, from supplying food and medicine to war stuck countries like Afganisthan. To helping countries like USA, Russia and Ukraine politically. Can we say this,  that India become a super power. To dive into this topic, what are the factors will d

  Before knowing about the recession let's come to the understanding of what the  business cycle  is. It means , in an economy the goods and services meet the ups and downs in some situations. The repetition of the growth and fall cycle is the business cycle. There will be 4 phases in this business cycle. 1) Expansion  - In this phase the goods and services cost is getting increased. This is the favorable phase for us. 2) Peak  - The growth in the expansion phase reaches its peak level. 3) Recession  - In this phase the production of goods getting down, so the income and job growth will decrease as well. 4) Trough  - This is the bottom of recession and in this phase the economy will start recovering. This whole cycle will repeat again and again. Now come to the explanation of recession, A significant decline in economic activity that is spread across the economy and that lasts more that a few months that is what recession is.     IMF  predict the world's growth rate in 2022 is

  Agnipath scheme    The scheme agnipath means  fire path , the people who are going to give their lives for the country . The people who are under this fire path called this agnipath and the people who are under the scheme are named as 'Agni veer'.In  June 14 2022   the three chiefs, chief of  the army staff, chief of the air staff and navy chief under the head of defence minister Mr.Rajnath Singh they make this announcement about the scheme. In this scheme there will be a cadders between the  age of 17 1/2  to 23  who will join in this scheme. For the 4 years they are getting the job in the army under the scheme. They will provide the 6 months of training and 3 1/2 years of work service.The package starts from  4.96 to 7.62 lakhs  per annum. Normally the army people have a service period of 17 years with all the facilities like pension,medical allowance etc. But here the service is only for 4 years.     From 2019 there will be no recruitment because of this pandemic. Normally