You have completed 10 years in the armed forces and you are looking for a bride, great. Now all of us looking for a bride have known that we should look for a compatiable bride, but for army folks it is far, far more significant. Wonder why? Simply because as a defence person you are […]
‘Be Prepared’ is a scout motto and defense personnel are commonly asked to go and ‘Take Charge’. Both these phrases can be used for personal finance too. Any financial planner will ask you to ‘be prepared’. When I meet an army person with regard to his finances the first thing that I feel like telling […]
A wealthy mindset is what Kiyosaki calls Rich Dad behavior..how is it different from from a Poor dad mindset? I met rich people, very rich people and others..here is my observation: The rich earn far, far more than what they need and use As a corollary to that, their expenses are a small fraction of […]
If you are a defense person, you might stay for very long periods of time away from your home. There are times when your spouse and parents too do not know where you are. Should you give a Power of Attorney to do deals when you are away? Once you give a the power of […]
Rich people ‘realize’ less income than their ‘middle class’ counter parts, and they are happy about that. To live you need cash flow not necessarily ‘taxable’ income. So what is ‘realized’ income and what is ‘unrealized’ income? Realized income is for your salary, rent, interest, dividend, royalty, etc. or any money you have to pay […]
Everybody earns money in life. Well almost everybody. However, not all people have the same attitude towards money. Money has to be earned, respected, taxes paid, spent on oneself, saved, invested, loved, and also given for charity. Some people speak very badly about money – and these people are best avoided. You do not want […]
You will not even believe if I tell you that these are real life MISTAKES that I have seen people make. I then realized that many of us make these mistakes, but were just damned lucky! Here is a partial list: Giving bank guarantees for friend’s business loans and home loans Marrying without checking the […]