Your daughter earns Rs. 44,612 per month as take home salary. You were initially very happy and proud about this. Then 3 months passed, you got her passbook updated, and noticed that she had a balance of 29, 643. You thought it was about Rs. 100,000 short 🙂 What happened? Well there was a phone, […]

Read More →

You hear the words ‘financially free’ or ‘financially independent’ regularly, right? What exactly do these words mean? Well there are a few things that it means: 1. You spend significantly lesser than your income: this is difficult to describe beyond a point. Let us say you are earning Rs. 300,000 a month post tax. Your […]

Read More →

When the economy is not doing well or when a company is not doing well, there is tremendous pressure to reduce costs. The accountants are normally the worst persons to come up with suggestions to reduce costs. They will find simple, stupid costs and act like they have done something great. The normal suggestions are: […]

Read More →

Just finished watching a TV serial (real life program I believe) called ‘Crime Patrol’! One Nationalised bank had opened a bank account – without proper papers, and not remembering the basic Anti Money Laundering lesson 101. The story is very simple, but shocking. There is a death claim which is fraudulently encashed by a Branch […]

Read More →

‘I earn Rs. 15L CTC – and clearly I am overpaid. However I am not able to save a rupee – I have no idea where my money goes’ Can you believe this…if you are a middle class Indian? I found it a little amusing…but not difficult to believe. When I spoke to him, I […]

Read More →

              http://www.subramoney.com/2011/06/investing-books-the-must-read-types/ Many people keep asking me for a list of books to read – books on investing. I had put together a list and I do keep making some changes in them…so instead of making a list again I have put the link to the same article. Books […]

Read More →

If you are an accountant, a company secretary, or in someway connected with accounts and annual return, the first question you must have asked yourself is ‘Why XBRL?’ Correct? People do not like change. And this does not change. We will resist change – simply because we are used to a certain style of living. […]

Read More →