I have spent half a century on the planet so have a lot of friends, classmates, cousins, friends who have spent similar amounts of time on planet earth. I have a lot of friends who are runners, and cyclists too. A few days ago one young friend was cribbing about the price of petrol. […]
There is a stupid lesson that the government is trying to teach the whole world – ‘spend your way out of trouble’. Luckily Indians may not listen to anything that the government says, so they will not listen to this also. Even the average American is refusing to listen to Obama – he is likely […]
Stash away that bonus! If you belong to that class of employees who gets a bonus at Diwali time, lucky you! Today you would be sitting on that bonus in your hand and the whole family would have a claim on that. Who are the claimants on this bonus? Lots in fact! Thanks to the […]
If you have a financial planner with a ‘product sale’ mentality – especially who has sold loan products also in the past, there is a good chance that he would suggest leverage. Leverage means borrowing. So read on… Financial planner: Borrowing sensibly is a good way to build wealth. Do a disciplined borrowing and you […]
Most people do not know what is their biggest asset. They then say – it is my house, my equity portfolio, my car, etc. However then I lead them to the next question: Have you borrowed for your house? They jump and say yes. My house cost me 93 lakhs – i put Rs. 12L […]
Many people including family has screamed at my idea of renting instead of buying a house (rather any asset). My idea is quite simple. Whatever you use has a cost. The cost of any product is made up of materials, overheads, interest, depreciation, and manufacturer’s margin. If you use a taxi say for 20 hours […]
In every class on retirement planning one question which I always get a wrong answer is: “Will you buy big assets like house, car, etc. AFTER you retire?” It is met with an “obviously no. why do you even ask”. Well the obviously no is said and ‘why do you even ask is in the […]