First of all let me apologize to all the bank managers and officers who I have criticized in the past. Not that they have suddenly turned saints, but I have turned wiser. It was very easy for me to get frustrated with the bank managers – PSU or otherwise – so I used to criticize […]
What was scary is a recent default by Orbit – that too for an amount of Rs. 96 crores. For a builder with operations in Mumbai…this should not have been a big amount…but well, it did happen. It is amusing that the middle class keeps its money in savings accounts, fixed deposits, RD, etc. – […]
What are the common financial worries – and what are their solutions? Let me list them, as I HEAR IT: 1. Huge debt combined with job insecurity: Whenever a young person takes a loan somebody in the family is bound to say ‘OMG you are taking a Rs. 18 lakh loan (it could be anything […]
Immaterial of what age you are there are times when you get into a sticky financial situation. What are such situations and how do you handle them? 1. A close friend of yours has taken a loan – and is not making any attempt to repay that! Well this could be a friend, a sibling, […]
My parents always managed to make ends meet, even though my mother was a stay-at-home mom and my father worked in a factory! Neither my sibling nor I did things like ‘tuitions’ and these kind of income supplementing stuff. Of course unlike many people of my father’s generation he did not have to support his […]
Whenever people see me in a group gathering, they come and talk to me about equity markets. I am not sure why they do it, but it is very useful for a guy looking for topics to write on. So a few people will come and tell me “I lost money in 1992 and then […]
The Indian financial year just went by and you must have done your last minute topping of 80C, paid your medical premium, got your rent agreement in place, reviewed your Housing Loan papers, got your Form 16 – and would be preparing for filing your return, right? Well it is a good time to visit […]