Every business – rather every social science (and loosely Investments are there) has some rules. For the vast majority many of these rules are very important. However sometimes it is necessary to go beyond the rules, break some rules, etc. to make money. This is what I am trying to say in this cover story […]
I had this on my facebook page and many people liked it…as always it is not original… “In life God does not give you the people you WANT, instead He gives you the people you NEED. To teach you, hurt you, love you, guide you, desert you – and make you exactly the way you […]
Recently, a friend of mine wrote a cheque for Rs 14,45,000, the sum total of the hospital and care bill for his father. And this amount was spent in less than six months. At least, this friend works in a great company has a great salary, and a very, very high savings (and investment) rate. […]
Nothing original in this post! Just doing a cut n paste of an email that I just received…. “As you are aware that w.e.f 1st January 2011, KYC is mandatory for all investors, irrespective of amount of investment. Please find the operational guidelines as well as revised guidelines for Micro SIP. I) KYC will be […]
Most business people pay lip service to education and training. If you are a business man and know your business well you still need to learn about money. You need to be updated about HR. What about logistics? – really the works. Ask a group of business people if they’d be willing to attend a […]
Suzie Orman runs a popular program in the US of A which is simply titled “Can I afford it?” wherein people call in to ask “Can I afford a second hand Mercedes which costs me $ 45,000?”. Then Suzie sizes up the situation checking up whether the person has some money in her/his savings account, […]
Many of my posts are based on the Financial Planning / Mutual fund training class that I do. One question that normally people ask me about where to keep their emergency funds. I do give a variety of answers, but here is what I have done: A friend who is an investment adviser has a […]