Many things in life are better achieved slowly if you want the gain to be permanent! Does this remind you of another boring task – the process of losing weight? If so, welcome! Investing and money management is a lot like eating. So is losing debt like dieting? maybe…maybe not. Is getting out of […]
Unfortunately in India most customers crib, then when they get a pat on the back from a high ranking official, they withdraw their complaint. I am yet to see a court order a full repayment for mis-sold policy and heavy damages suits. There is no fear of God in ANY company. If you do bring […]
When a person joins a company (actually any job – bank, government, army, private sector….) he/she gets an appointment letter. This letter has a ‘Gross Cost to Company’ figure…which looks good and impressive…say Rs. 600,000. Now the kid who gets this letter thinks he is going to get a cheque of Rs. 50,000 every month. […]
LiC collects money from the small saver. It pays commission ranging from 4% to 40% based on the product that it has sold, the remaining money gets invested. Where does it invest? Well to keep the people happy it invests in Secured Government Securities. Chuckle chuckle who decides the price? Government of India! Does LIC […]
So many people today advising on equities that it is good fun talking to some of them. Two good offers that I have got recently are quite stunning…not really relevant for me but here is the story. First is a big deal in terms of size – it is worthwhile for the broker to do […]
Relationship managers never had it so bad! Whatever they do, the client is not happy…and keeps threatening to walk away! Relationship managers have a lot of work to do – and one important job is sales. When they sell…they sell. So they have targets, they must keep talking…and life is really tough.. One important thing […]
What is being Rich and what is being Wealthy? This is a topic that I have spoken about too many times in the past….One of the steps required is to create different and various sources of income. For a beginner who is starting on a first or second job how is he/she expected to create […]