If you had a heart attack or a paralytic attack, what would your family do? I am assuming that I am addressing the head of the family. Now if you are NOT the head of the family, ask yourself the following questions: 1. Do you know who all to call if there was such […]
I have been wondering why some big company keen on E governance not coming up with the following services: 1. a centralized qualification database: a person should be able to convert all his qualifications, marksheets, etc into E form. 2. a centralized MEDICAL database: wherein all the medical records of a person should be nicely […]
There is no research in India done on topics like why people borrow, or how people invest…but here is an attempt at guessing…. 1. People borrow to buy assets : buying a car, a motorcycle, a house…..etc. requires sums of money that a person may not have, so borrowing becomes a must. 2. To pay […]
This is a cheat sheet on what you need to know about personal financial planning. I cannot blame you if you are already feeling overwhelmed about the kind of financial stuff being thrown at you! Let us get the basics right: 1. Personal financial planning is SIMPLE. This does not mean it gets done, but […]
Yes Subra, I agree with you I need X amount for retirement, after all you may end up spending a fortune on medical expenses during retirement ——-Most people tell me this. Wrong. You may or may not spend much on medical expenses (hey I am not saying you do not need medical insurance). I am […]
What is a valentine post doing in a financial blog? Well , well, I should have said: Will you be my financial valentine? In this era of boys and girls earning equal amounts, both of them have equal responsibility in managing the money too. Obviously nothing in our education system teaches them this basic skill…and […]
A couple of days ago I did a post saying ‘Earning well but poor part 1’, now here is a sequel… 6. You rely on others to take care of your money: A classmate who is a relationship manager in a bank, or a friendly uncle, or …..hardly matters who. It is nice to say […]