1. Scott Adams, who is the creator of Dilbert is a man of depth.

    He has said that he cannot write a personal finance book more than the 9 points mentioned above.

    Many may not be aware of his book God’s Debris which explores mystical side of life. He has made it available free in the web.

    A client gave me a book recently for reading. It is ‘Pound Foolish: Exposing the dark side of the personal finance industry’ by Helaine Olen. It’s an interesting and an eye opening book and must read for all investors.

  2. Hi Subra,
    Thanks for your nice post.. 15 days back, i stumbled upon your blog and became instant fan of your simple yet effective thoughts!! Everyday I make sure to read your blog..

    Regarding your comments on term insurance, wanted some clarification on online term policies.. Few months back, I had SBI Life term insurance for 50 laks(9k premium). But since online policies were much cheaper, i cancelled my policy after one year.. But now, I am unable to decide whether to go for online term policy, can we believe in them? Once I registered my number on some comparison website, started getting many calls..
    Appreciate your reply


  3. Very true in American context.
    Just like to throw additional light on housing sector in US and how it is different from India.
    1. In US, home loan interest rates are around 3.5 -4.0% plus you get tax breaks on your interest payments. So eventually you are doing actual investment and earning (if you actually calculate amount you are saving from taxes) from home purchase.
    2. Unfortunately in India, house prices are sky rocketed, interest rates are 10-12%, tax breaks are limited so eventually you are not earning so much.

  4. All that AS has mentioned has been written about. I keep screaming about simplicity – and i think people know. However when you offer people simple idli vs a complex convulted dish, they always choose the second dish. Same is true even in investing…

  5. Moral of the story – If you want to get rich, eat idlis.

    Just kidding!

    It will be an interesting exercise. When we go to a restaurant with a group of friends, let’s observe what everybody orders – who orders idli, poha, upma and who orders potatowada, butter masala dosa, samosa etc. and then compare what we know of their financial status and life styles.

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