We saw how the balance sheet is a very important statement in personal finance. Here is an attempt to explain the Income and Expenditure statement. Only when you write down all your expenses will you be able to track your expenses. Only when you know whether you are spending on unnecessary clothes, or eating out, […]

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What are the advantages of being rich? or being financially free? Life is one big picnic and you keep going to the Bahamas for a vacation? Cruise? You can eat and drink whatever you want, whenever you want? Well that’s the myth that the media creates for you – wealth porn is a part of […]

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A friend with about Rs. 80 crores on mutual funds was approached by a ‘Wealth Manager’. No. I do not wish to name the WM or the company he represents. It is too much of a give away even as it is. His name was referred to by his brother in law who had gone […]

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The Sensex is 35260 as of yesterday (15 Nov, 2018) – the question is will the market be at 70,000 at least on 14 Nov, 2023? How confident are you that the market will be there or thereabouts in 2023? Assuming that you invest in the index you should expect to get at least 14% […]

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Nostalgia. It is the mind/brain’s ability to remember things the way you wish things had happened! Our mind has an amazing capacity to remove bad experiences and keep the good ones. In investing too if you have had good experiences in the beginning of your investing career you look at investing far more fondly. I […]

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Disclaimer: This is a Paid post.  When you enter a new business – especially a business which looks like a commodity business, you need to find out a niche. Or sometimes even create a niche. As a customer how much time will you spend on buying car insurance? Well if you are lucky and have […]

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I am happy I got many responses in the comments page and others on wassup n twitter…we surely have a lot of thought going into retirement. Let us get the basics right. He needs Rs. 40k a month. Realizing more income than that is useless – he will have to pay income tax, unnecessarily. So […]

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