If I were to define a millionaire as a dollare millionaire…that would at least make the club a little exclusive. If it is a millionaire – Rs. 1 million – i guess everybody walks into it :). Millionaire today has lost meaning. I guess the Indian equivalent should at least be ‘Crorepati’. Here are some […]
One of the ways of getting financial information – and information about financial products could be the blog. Blogs are thought to be unbiased, but given the force of PR agencies and SEOs influencing blogs and the way people search…blogs may not be such a great souce. Competence among blogs is another major issue. The […]
Only a person who has slept hungry may be able to appreciate this. While writing about the first incident I get goose pimples – and the incident is etched in my mind like it happened yesterday. It happened in 1988 or 1989, not sure about the year. I will not name the participants as most […]
For many people financial problems start with a good intention. Here is a case in point. One person I know has an uncanny ability to get herself into a financial mess. It would be difficult for many people I know to even imagine how ingenious she is in creating trouble for herself. One example here. […]
http://www.subramoney.com/book-written-by-me/ Recently many people have spoken to me about their attitude towards money. In case of people I know for the past 30-40 years, largely the impact of their childhood on their ‘money-psyche’ has been of tremendous importance. Having said that, attitude towards money is not always the same even for siblings. My sister and […]
IN the last 3 weeks many people have asked me for my view on Robert Kiyosaki’s concepts. Surely there is a lot of merit in what he says, but there are many limitations too. Let me see: 1. He underestimates risk, and dramatically underestimates risk. 2. He takes one theory of investing in real estate […]
Many people known to me have read Robert Kiyosaki – largely the concept of Mr. North and Mr. South – famously known as Rich Dad, Poor Dad concept. There are many things that Kiyosaki says – let us take 2 of them today: 1. No money is made from real estate, equities, commodities….it is made […]