How much is the government of India deficit and how much lower will it go according to PC? Well it depends on how you look at the deficits, and what bank NPA number are you willing to believe. Hmmm When some deals happen you keep wondering ‘How do such deals happen?’ . In a public […]
7. Confirm tenure is appropriate: “The insurance representative offered me an endowment policy for 30 years…and at age 44…I am wondering how will be able to pay the premium after I retire…what should I do Subra?”. GENUINE READER QUERY…My answer is a separate post….will do it soon. Here it is: Appropriate tenure of a risk […]
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 […]
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 […]
If you are wondering why I keep repeating some of these things, it is simple. I keep meeting people who make such basic, basic, basic mistakes in investing, that it is painful. I met a person earning Rs. 400,000 a MONTH being asked to take a Rs. 700,000 loan, BECAUSE the interest is tax deductible. […]
Most parents I know support their children through college. Fair enough. Then they pay for the ‘higher education’ – this means an MBA. Not fair, but very unIndian to say ‘go get a loan’. So it is all right. Then they support them in the ‘early’ part of their lives with a car, a down […]
When you have lived too long in a very comfortable style, you tend to lose perspective. I meet extremely rich people, reasonably rich people, rich people, and middle class people. And the richer they are, more they seem to be cribbing. ‘Why pay Rs. 25 Lakhs for a parking ….’ or ‘Mumbai has no […]