My orientation is to try to write LARGELY on wealth. I suddenly realized that to get wealthy you need seed capital (!!). For the real young ones who have JUST started earning (aged 22-25) they need to know about: funding buying an asset, credit cards, credit score, some career moves, educational loans, ….the real basics. […]
Thanks to Rich Dad Poor Dad (then bankrupt Dad too!) many people know what are assets and what are liabilities…I am making ONE more distinction…. Assets: are those assets which increase your REAL NETWORTH (NW) Assets: that increase your nominal NETWORTH Assets: that are essential for your living and usage Assets (liabilities!): that are not […]
Are we not sick of hearing the following: The terrorists acts have been a dastardly one…. The culprits will not be allowed to get away with this… It is not an intelligence failure…we had warned the state governments about this….. The Home Minister visited the attack site and made a statement in both the Houses… […]
Let us start at the beginning….what is Libertarian Paternalism? Well it is a subtle way of making people towards rational choices. For example when a person joins for employment the employment form includes an AUTO sign up for an index fund. Say NPS to the extent of 3% of basic salary. The employer also contributes […]
All finance company shares are up and in the sky. With p/e ratios in the 30s and even in the 90s. Let us ask ourselves some basic questions. What will really happen if Tata, Birla, LnT, Shriram group, Religare, Indiainfoline and a couple of others do get a banking license? To start off, there will […]
We saw what kind of bills and debts we pay…in the part 1. So first is we need to acknowledge it as a debt Second there has to be a cost of not paying the debt. Which means we pay a debt (which we acknowledge as a debt – especially if we have a choice). […]
Either I am beginning to attract what I like, or the world is also seeking a simpler lifestyle. Not sure which is true does not matter….but yes many people are trying to live a simpler life. One of the important things that the ‘economy’ wants you to do is spend. So time pass for most […]