The power of compounding – inflation is negative compounding!
Over a long period of time all things get expensive. Remember the first time your mom sent you alone to buy bread?
What was the price of bread? Re.1? Rs. 4? – well today it is Rs. 20. That is inflation. I remember my Dad topping up [...]
Copying is very difficult especially if you want to be the first! How can you copy from the second best and be first? So that makes copying difficult. However you could take parts of many and look original…then you need not defend your copying!
Warren Buffet made most of his money by staying and investing in [...]
How many of you have grudged your friends who say “My father had bought a flat in Santacruz for Rs. 200,000 in 1977, now it is worth Rs. 20,000,000” – surely you felt pangs of jealousy did you not?
Did you think…if I had this I could have retired instead of suffering this boss? You bet!
Did [...]
Gallup had done a poll in US to find out the attitude towards retirement. Here is what they have to report:
“A majority of non-retired Americans now doubt they will have enough money to live comfortably once they retire, representing an 18-point drop from just five years ago.
According to the Gallup’s annual Economy and Personal Finance [...]
There are many people wondering whether this is a bear rally or a bull rally. Unfortunately only with time can one say whether the recovery will be V shaped, U shaped or L shaped!
There are many fantastic signals to say that this is a bull rally. ONe is the sharpness/ shrillness of the ‘pyt’s who [...]
When it’s time for you to retire, will you be able to afford it?
Every person you see working beyond the age of 59 is worried about his or her retirement. Almost all the research conducted on the subject over the last few years shows that most individuals are unable to demonstrate financial readiness for their [...]
The average American saves/ invests much lesser than his Chinese or Indian counterpart. Why does this happen? Simply because the American is sure of his ‘Social Security’ – and that his ‘rich’ country will take care of him. Whereas the average Indian or Chinese provides for his own retirement.
A good environment, stability, growing income etc. [...]
What is an emergency fund? and Do you need an emergency fund?
My views of an emergency fund have changed a lot since the Satyam episode! For most of Satyam employees Raju’s ‘confession’ was an emergency. How would they have adapted to it? Or still adapting to it?
What would happen to you and your dependants if [...]
I have a nephew in high school and he had to say a few things about money:
1. I carry money to school, but never lend it to my friends: I am not sure whether I will get it back from them or not, so I do not lend it…..NINJA anyone?
2. I buy things only at [...]
Retirement is like old age. And it creeps on you – one day at a time! Here, we bust some common myths relating to retirement.
Myth 1 I will never retire.
Yes, you will. Everybody has to. You may want to work till you drop dead, but what if you really cannot get a job after 55? [...]