Let us see…getting rich is easy is it not?
Get a good degree ——> It will lead to a great job—-> You will earn a lot of money —-> You have got rich.
This is one route. Well there are some issues – every body cannot get a good degree..so the scheme is torpedoed at the very [...]
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 fact that companies [...]
The Rules of Money are changing. Are you adapting?
This of course could be a fantastic tag line for a financial education business! However I have been convinced about a few things. The old Macaulay system of education in India – and perhaps around the world was created by the ‘Ruler’ who wanted to have a [...]
Suzie Orman says: Keep enough money in ultra safe accounts to cover life’s emergencies, – say 8 months expenses – but no more.
Financial planners talk only of an income emergency. They do not talk about an asset emergency. When your assets crash and you are reluctant to sell at the current prices it is equivalent [...]
This is perhaps the most often asked question. I have seen people mess up quite dramatically. One HR consultant once called me and said “I have Rs. 52,000 where can I invest?’. So I got of on the pedal saying “Equity is good for the long term….etc”. Then when there was a blank from the [...]
What is an emergency fund? and Do you need an emergency fund?
My views of an emergency fund have changed a lot since the Satyam episode! For most of Satyam employees Raju’s ‘confession’ was an emergency. How would they have adapted to it? Or still adapting to it?
What would happen to you and your dependants if [...]
Personally speaking credit cards is something I lived with for most part of my life. Till it became embarrassing not to have one. I needed it for travelling, ticketing on the net, etc. so I got one.
There are many ways how a person can use his credit card sensibly. As far as I can see [...]
Thank God I am not an expert on debt. Or of debt repayments for that matter!
The caveat first – I hate debt. I hate debt. I hate leverage. I rarely do an Options trade, nor do I ever buy a share in a Futures trade. All assets have been paid and bought.
Now let me ask [...]
A few days back I had written about cash as a strategic asset for businessmen. It can be an emergency asset for an individual. When Iraq decided to invade Kuwait many people (including Indians) had to leave Kuwait almost overnight and run for their lives. A friend was stuck in Kuwait – along with his [...]
this appeared in the personal finance section of reuters.in under my byline
Escape from Debt
If all the people who talk to me are sensible, well educated people, how is it that the Human Relations Managers of many companies call me for asking questions like “Can we do a 3 hour session on how to handle debt?” [...]