When I meet older people aged say 45 or more ..they have amazing things to say…why they do not have money…as a younger person I may have passed value judgments…but now I am just enumerating them… Subra I earned less: a very common refrain from qualified as well as unqualified people! A qualified person who […]
One of the simplest (no, not the easiest) ways to guarantee your financial success is to put away MONEY for your savings/ investment target each month before you spend a rupee! This is known as paying yourself first. When I was younger and had a head full of foolish ideas and black hair I used […]
‘What money can do, only MONEY can do’ – is a Marwari saying. Add to that my take ‘What Time can do to your money, only TIME can do’. Let’s see how you can force yourself to save or invest MORE and EARLY for your Retirement or Financial Freedom… Understand the impact of TIME on […]
Let’s say you have a stomach ache. You go to a doctor..and he says “loosen your belt..go for a walk around the block…and comeback”. You do that. He says “Good, my fees is Rs. X”. You pay the fees and go away. Let’s now say you have a stomach ache. You go to a chemist […]
Apart from his house he has a liquid net worth or Rs. 67 lakhs. This has to pull him through 2 daughter’s education, their weddings and his old age. He has one house in the South – where his parents are staying – and his father is only 78..and hence, theoretically he can stay for […]
A friend called me with a surprising question. Let us call him M.D. He bought a house in Navi Mumbai for about Rs. 180 Lakhs, – of this about Rs. 95 lakhs was funded by a loan from the State Bank of India. Over the last 4 years he had paid a lot of interest, […]
‘Subra you may be skeptical but I am sure that equity will give 19% p.a. return over the next 25 years” ‘Why should my client invest in equities if he cannot EVEN GET 18% p.a. returns over the next 20-30 years” ‘Why are you saying that what has happened over the 40 years will NOT […]