I have handled this question many times, and have come out with similar answers. However here are some questions which are IRRELEVANT …. 1. How much has the house appreciated by: Many people write in to say ‘I paid Rs. 20L now it is worth Rs. 37 lakhs’…This is completely immaterial. Your house appreciating has […]
Most writers of personal finance have spent half their lives talking about the virtues of compounding, well, at least I have. So not compounding your money is bad. That is done and dusted. What can be worse? Borrowing. Borrowing is worse than not compounding your money – it is a case of NEGATIVE compounding. […]
Not that I know Mahesh Murthy personally – i guess he is just a click away, nor do I hate Arindam Ponytail Chaudhuri….but here is a nice interesting post… I had got an application of a kid who had studied in the great college – and he had spent Rs. 1 million. The best job […]
Here is a Master Class of Investment Lessons…..I did this as a lecture for a few managers who communicate with HNI customers… Not necessarily in any particular order…you choose that yourself: 1. Write down an Investment Philosophy Statement like this: http://www.subramoney.com/2008/02/secret-of-successful-investing-philosophy-statement/ 2. Be clear about your financial goals – and understand that a market fall […]
Is is possible for me to get the adulation, fame, success of a Sachin WITHOUT putting in the efforts, dedication, of Sachin? Besides of course, having the talent? The answer seems to be damn simple, right? However in the financial world people expect magic and there are some people promising that. People do not wish […]
Sometime back I decided to write about something which I have been advocating for years. How will you like it if I can postpone your tax payment from the year 2014 to 2034? You will love it right? First of all it means your money compounds for 30 more years, and you are paying with […]
I have done this post many times in the past…here is one more attempt. When you require a PERSONAL FINANCIAL ADVISOR, you are looking for a fee only personal finance advisor. Let us see who are NOT pfas: 1. Your bank relationship manager: He is a paid employee who has sales target. Remember, I have […]