The hidden costs of family financial dependence—and how to strike a balance

The hidden costs of family financial dependence—and how to strike a balance

Source: Live Mint Understanding financial enmeshment Financial enmeshment occurs when family members are overly involved in each other’s financial matters—a situation with nonexistent boundaries. Historically, the joint family system in India fostered financial interdependence, where multiple generations lived together and shared resources. However, as modern families shift towards nuclear structures, these traditional expectations persist, creating…

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Investment word of the day: Compounded Annual Growth Rate — how to calculate CAGR and what are its limitations? | Mint

Investment word of the day: Compounded Annual Growth Rate — how to calculate CAGR and what are its limitations? | Mint

Source: Live Mint Investment word of the day: Tracking your investments is essential for understanding how your money performs over time. Skipping this practice will make it difficult to know if you’re on the right track to meet your financial goals. One effective way to measure investment growth is CAGR. What is CAGR? The Compound…

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