Many people have asked for a follow up on the 15L CTC story…. 1. A planner should plan, not pass value judgement on how the client should behave. 2. To me a guy attending to all temple functions and blowing money traveling to all the temples in India is just as stupid as the guy [...]
Let us see what your banker says…..and how you should interpret it… It is not easy being a layman today! The amount of ‘advise’ that is dumped on you is stunning. Advise on where to travel, when to travel, how to reduce weight, how to impress your girlfriend / wife / boss/ …, grow your [...]
It is easy for me to say ‘you should not take personal loans, because I have not taken’. It is so foolish too say do not borrow. Most people are borrowing out of compulsion, not love for the bank!! Nobody borrows if they can live without that expense. However people do borrow, and when I [...]
Too much is made out of entry load, exit load, ulip, cost of fund management etc. Most of the loss (leakage) in personal finance can be attributed to the inefficiency of execution. Even good advice is lost to poor execution! Let me enumerate (Ripley’s should not use it in their Believe it or Not, please) [...]
‘Never a borrower or a lender be’ – very good advice especially if you do not know to whom to lend. And absolutely true if you do not know how you are planning to repay. However given our propensity to consume TODAY out of our future earnings – we will borrow for consumption. So telling [...]
I had done this post long ago..sometime in July, 2009, when I met Prakash Mundhra for a Television discussion with Prakash Mundhra..about his investments. Today I am repeating this post…’cause it is worth reading about Normally the MBAs I meet are the ones who start looking for a job by the time they are in [...]