A few days ago I posted some money management rules which had changed…so here are a few more: Most of the rules are what you have heard…or will hear. 1. A. Stay away from equity. 1.B. New Rule: Staying away from equity will ensure that your portfolio is well short of meeting your retirement requirements! […]
I was talking about frugality to a guy whose knowledge of English does not include this word. Here he was all 29 years of age, not a penny saved, married to a woman who was spending most of her income. Earnings of this couple was in the region of Rs. 20 lakhs per annum and […]
So many people have asked me this question, in so many conditions, that I really do not know what to say! I have replied to this in many ways, so let me try one more. The simple answer is NO. However like most human beings you may want a more complex answer, right? There […]
Subra one does not know whether I will pop off at 45 or like A K Hangal at the age of 98. So in order to live peacefully, I need to create a serious amount of income and wealth. – So said a reader who is about 40 years of age. He also said ‘the […]
Here is a completely different perspective on real estate costs!! For a typical middle class person – say earning Rs. 6 lakhs at age 43..obviously houses look damn expensive in Mumbai. However when you look at the salaries in the BFSI space – banks, mutual funds, life and gen insurance companies, brokerage….it is common […]
When I say parents put kids in EMI traps, I mean the guys (like me) born in the 1950s, 60s whose children have started earning….and sadly turn to their parents for advise. Well it happens like this… A guy born in the late ’70s or early ’80s starts earning. He first goes and buys […]
I meet people in the ‘well-off’ cadre. I mean people earning not less than Rs. 3L per month cannot be called ‘not doing well’ correct? Some of the things that I tell them, is impossible to believe. Not sure HOW many of you will even believe this (Subra do not think you know everything and […]