Look at some of the excuses that people give for not making a will: – I have a lot of money, but so do my kids. They will not fight for Rs. 50 lakhs. So true. I heard of a family which fought for Rs. 50, 000 crores, I am sure you did to! – […]
Normally there are a few times when people are serious about their goals: When they are trying to lose weight (I am talking about the serious guys n gals) When they are trying to write an exam (you know a 6 month effort can impact your NEXT 60 years!) When they are trying to meet […]
A lot of qualified planners have given the following advice to a few people who have written in to me..let me summarize a few of them for you: 1. Equity is risky, it has no place in your portfolio. I write so much about equity, I am sure my readers know how stupid this line […]
Once in a while you think back in life and like the Englishman says “One day if you can look back and laugh…it could not have been that bad after all” These are not about the troubles I have gone through. God knew (knows) I am perfectly not capable of handling problems, so does not […]
Not sure how many of you are on facebook. One Ibnlive.com clip doing the rounds is an IAS topper saying how much his father sacrificed to make him an IAS. He talks of his father selling his land. He talks of not having a house to live, but still studying for his IAS. His father […]
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 […]
Many marital fights are because of one person trying to change the other. It takes about 20 married years to realize that it is not worth the effort. Learn to live with the other person’s style – after all he/ she is doing it. In case of Money Management, these are purely my observation, tell […]