The chances are that you are either employed somewhere or you are in a business. If you are in a business you understand that 1. First you create a product, 2. Make it, test it and then deliver it to the client 3. The client buys it uses it and then makes the payment…. Right? […]
There are such dangerous things that people write, tweet, sms or talk to me about, I keep wondering from where they learn it. I guess it must be from some of the teachers in school, college or worse business schools. If you learn wrong things about physics or chemistry you will learn quickly and will […]
One financial planner met a client and had the following details: A 38 year old man with a daughter from an earlier marriage (age 11) a son from the present marriage (7 years) a housewife, parents needing support and a mother in law dependent on him. (5 complete dependents, daughter partially dependent – his ex […]
Most writers of personal finance have spent half their lives talking about the virtues of compounding, well, at least I have. So not compounding your money is bad. That is done and dusted. What can be worse? Borrowing. Borrowing is worse than not compounding your money – it is a case of NEGATIVE compounding. […]
Some of the kids I know are going to HATE me for this article…sorry guys n gals but you have really inspired me to write this. Honestly this is dedicated to you. Here it goes! 1. Your cheques bounce: Oh not regularly but 4 times in a year. This could be because your salary came […]
This is the year when many of my classmates turn 50. So obviously me too 🙂 Here are my thoughts on preparing for retirement. Many planners who are dealing with people past their earning prime, will benefit to know some of this. In my experience I have found that people who are doing their own […]
I just did a post saying ‘Men and Money’ so here is a post on Women and Money. Assuming that the Man is the main provider and the wife is the secondary (financial) provider, what are the things she should do to know how much is the husband earning? Is it enough? Are they living […]