The greatest wealth in the world has not been created by inheritance – but by investing! It is only this generation that can make this comment. We are lucky to be living in times when we can make this statement. Let us take examples of Warren Buffet, Bill Gates, L N Mittal, Azim Premji, Ambani, [...]
Ego and pride are not really useful elements while investing. Many investors I know have made money because of luck or research done by some other person. However when they apply their minds a little on the shares that they buy, they think they are doing research! My research for example, is completely outsourced [...]
Last week in my quest to gather information of how doctors live I met a doctor and had a look at his annual cash flow. It almost scared me. Here was a doctor (for our story let us call him Dr. Pradeep married to Bhargavi a house wife). Here is his annual cash flow statement:
A [...]
How can a Doc retire early?
Docs start earning quite late in life – at least the big bucks come at a late stage. So is it really possible for a Doc to retire early?
It really looks difficult. Docs unless they are super specialized and have created some kind of aura about their capabilities do not [...]
So here is Children’s Day – a good day for parents and children to take stock financially speaking!
Most parents like to think they are helping their children by helping them financially. Especially if you are doing well – but in many cases even if you are not doing so well. Take the case of [...]
I meet a lot of doctors in my professional and social life. Luckily I met a great homeopath doctor about 30 years back – and he has kept me away from medicines SINCE then! So I do not meet doctors for seeking medicines / treatment. However, here are my observations about a doc’s business skills. [...]
Doctors normally start their practice and the money starts coming in – first in trickles and then as a flood. Over enthusiastic accountants and ignorant doctors are a dangerous combination – they keep the doctor’s income low so that lesser tax can be paid.
Suddenly if the doctor wants to set up a bigger [...]