Morning (Monday, 10th April) I was doing a ‘how to get rich’…here is the part 2. Lets see how to take care of your money. 4. Take enough, appropriate, and correct amount of insurance: People do not understand the difference between a wealth creating asset (shares, mutual funds) and a risk reduction tool (derivatives, and […]
Well I have seen people getting rich by doing a few things. Here I am not talking of doing business and taking your company public, that is for people doing their own business. This post is meant for people who are not in that area…. Earn a Lot of Money: – there is no substitute […]
I am not saying doing these steps will make you rich. However, if you do not do these things you will NOT get rich. The title should actually be “Necessary, but not sufficient things to do to get rich”. Let us call this ‘business lessons as applied to personal life” Only a PSU or a […]
If you invested Rs. 100,000 in a mutual fund when you were say 30 years of age, and left it untouched, it can become about Rs. 30L when you turn 60. Assuming that you got 12% return and you did not interrupt the compounding. Not impressive at all, right? Who wants to invest in such […]
To spend more time relaxing you need to spend less time on routine activities, right? How does one do that? Simple. Do the following things with your personal finance, and you are done. People with punishing jobs will need to automate more. If you have a job with short working hours or flexible working hours […]
RBI’s clear articulation on liquidity management is welcome and would ensure stability in markets by enforcing the sanctity of the operating rate while addressing temporary liquidity imbalances. Money market rates would be anchored in a tighter band through the narrowing of the LAF corridor. RBI’s continued focus on inflation targeting will reinforce confidence in the […]