Latest news with #ZactorTech
News18
30-06-2025
- Business
- News18
Start With Goals, Not Just SIPs: CA's Advice To GenZ Investors
Last Updated: CA debunks the myth that starting a SIP equals smart financial planning, stressing the need for clear goals, timelines, and the right asset class. A CA has debunked the common misperception that mere starting a SIP equates to smart financial planning, saying, 'A SIP is a vehicle, not a destination,". In his post, CA Abhishek Walia, Founder of Zactor Tech, challenges a common belief among millennials and Gen Z—especially those in their 20s and 30s—that simply starting a SIP (Systematic Investment Plan) equals smart financial planning. The finance expert warns that without clarity on investment goals, timelines, and the right asset class, SIPs can become a case of 'expensive guesswork." Walia breaks down the common pitfalls of passive investing and urges young professionals to start with a goal, calculate the required corpus, and then plan monthly contributions accordingly. He suggests a structured approach: A SIP (Systematic Investment Plan) is a simple and disciplined way to invest in mutual funds. Instead of investing a large lump sum, you invest a fixed amount regularly—like Rs 500 or Rs 1,000 every month—into a mutual fund scheme. Financial goals are targets to achieve specific financial objectives within a specified timeframe. By establishing clear financial goals, one can take control of finances and work towards securing financial future. A good financial goal should be SMART i.e. Specific, Measurable, Achievable, Realistic and Time bound. First Published: June 30, 2025, 15:38 IST
India.com
22-06-2025
- Business
- India.com
CA Explains How FOMO And Undisciplined Spending Is Killing Your Savings Despite High Income
New Delhi: Managing money successfully isn't simply a matter of how much you earn. Instead, it's about how well you align your finances with your personal aspirations. This is a lesson highlighted by Abhishek Walia, Chartered Accountant and Founder of Zactor Tech, who uses real-life examples from his practice to drive home the point. Clarity of Purpose: The Game Changer Walia recalls a recent case involving a young professional earning ₹90,000 per month. 'She had no side hustles, no major investments, and no debt,' he explains. What set her apart was her clear financial vision: she maintained a six-month emergency fund and was disciplined about her Systematic Investment Plans (SIPs) to fund her MBA, planned for three years later. Her straightforward yet intentional approach kept her financially stable and stress-free as she pursued her long-term goals. High Income, Low Stability: A Cautionary Tale In contrast, Walia describes another client earning ₹2.5 lakh per month who lived paycheck to paycheck. 'Despite the higher income, she was constantly broke by month-end,' he says. 'There was no emergency fund, no investments—just lifestyle upgrades and spending driven by FOMO (fear of missing out), with no clear financial direction.' This scenario illustrates how a lack of planning can lead to financial instability, regardless of income level. Mindset Over Money Walia emphasizes that true wealth is rooted in mindset, not just income. 'People often mistake a bigger paycheck for financial success,' he notes. 'But real wealth is what you keep, not what you earn. Without a plan, even ₹2 lakh a month can vanish before the month is over.' This insight serves as a powerful reminder of the importance of financial literacy and structured planning. The Power of Clarity Walia identifies clarity as the critical factor. 'It's a clarity issue,' he says. 'The ₹90,000 earner knew her 'why.' The ₹2.5 lakh earner didn't.' Understanding your financial priorities can make all the difference in achieving long-term stability and growth. Money With Purpose Compounds 'Money without clarity will quietly disappear,' Walia observes. 'But money with purpose? That compounds.' His advice is clear: intentional financial management, driven by a defined purpose, is the foundation of sustainable wealth. Shifting the Focus He also warns against the common obsession with simply earning more. 'We live in a world obsessed with earning more. But wealth starts with more intention,' Walia advises. He urges a shift in perspective—from chasing higher income to managing existing resources more effectively. This change in approach can lead to more meaningful and lasting financial success
India Today
20-06-2025
- Business
- India Today
CA explains how Rs 80,000 per month income can beat Rs 2 lakh
A chartered accountant and financial advisor has said that managing money isn't solely about earnings, but rather about aligning finances with personal goals. Abhishek Walia, a Chartered Accountant and Founder of Zactor Tech, uses a case study from his practice to illustrate this point. "Managing money isn't about how much you earn," he writes. "It's about how well you align your money with your goals."advertisementOne example Walia shared involved a young professional earning Rs 90,000 monthly. "A few months ago, a young professional came to us," Walia recounts. "She earned Rs 90,000 a month. No side hustle. No major investments. But she had zero debt, a six-month emergency fund, and SIPs set up for her MBA dream three years down the line." Her financial strategy, though simple, was effective. This approach allowed her to focus on her long-term goals without the stress of immediate financial contrast, Walia describes another client earning 2.5 lakh per month who faced financial instability. "She was always broke at month-end. No emergency fund. No investments. Just lifestyle upgrades, FOMO spending, and no clear direction." This highlights the importance of having a financial plan, regardless of income level. The lack of a structured approach led to a cycle of financial distress, despite a higher income. advertisement The takeaway, according to Walia, is that wealth depends on mindset more than income. "People confuse a bigger paycheck with financial success. But wealth is what you keep, not what you earn," he notes. "Without a plan, even 2 lakh a month can vanish by the 25th." This serves as a cautionary tale that underscores the necessity of financial literacy and identifies the issue as one of clarity, stating, "It's a clarity issue," he says. "The 90K earner knew her 'why'. The 2.5 lakh earner didn't." The statement underscores the need for clarity in financial planning. Understanding one's financial priorities can make a significant difference in achieving long-term puts it simply. "Money without clarity will quietly disappear. But money with purpose? That compounds," he said. His insights suggest that intentional financial management is key to wealth building. A clear financial purpose can transform how resources are allocated, leading to sustainable also cautions against the obsession with merely earning more. "We live in a world obsessed with earning more. But wealth starts with more intention," Walia advises. His post urges a shift from seeking higher income to managing existing resources more effectively. This shift in perspective can lead to more meaningful financial advice is simple but powerful: Instead of asking, 'How do I earn more?', ask, 'What am I doing with what I already have?' It's a shift in mindset that urges individuals to reassess their spending, align money with purpose, and build security not from a higher income but from smarter choices.
