Archive for the 'Children and Money' Category

The hen and the golden egg story…

No this story is not about greed. There was a farmer who had a hen that laid golden eggs. The farmer was a bit of a miser. He looked at the hen and thought – all the expense is because of the front side – and all the income is because of the back side. [...]

Young kids: Portfolios created by oldsters!

When I see today’s youngsters – I of course find them restless. Yes, young and restless you have heard…but why young and so called ‘riskless’ ? Well for those who took up a job in 2007/8 (means born in 1985 or later) markets have not been a great – at best it has been lukewarm. [...]

Children’s Day…teach them money and risk!

  This Children’s Day, I could have started saying “Pandit Nehru was born on 14 Nov. 1889 at Allahabad. He was fond of roses and children…hence this day is celebrated as Children’s day…!!” I did not do that simply because his family will over do it….even today and the bill will be paid by us… [...]

Parents duty?

Not sure how many of you are on facebook. One Ibnlive.com clip doing the rounds is an IAS topper saying how much his father sacrificed to make him an IAS. He talks of his father selling his land. He talks of not having a house to live, but still studying for his IAS. His father [...]

Studying abroad? think twice!

So many parents can afford to send their kids abroad today, it is not funny! And most people would have had aspirations to study in Harvard, Wharton,….the Ivy League. Today they can sign cheques of US $ 150,000 without batting an eyelid when their kid says ‘dad I want to study abroad’… In the 1960s, [...]

Marriage and Money

Many marital fights are because of one person trying to change the other. It takes about 20 married years to realize that it is not worth the effort. Learn to live with the other person’s style – after all he/ she is doing it. In case of Money Management, these are purely my observation, tell [...]