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 […]
If you believe that all bubbles are created by RATIONAL reasons and causes taken to IRRATIONAL HEIGHTS, welcome to the post. Is Mumbai real estate terribly high and unaffordable? Yes. Let us come to some RATIONAL reasons why people buy: 1. If we do not buy NOW we will never be able to buy in […]
An excellent profession / business to do now is the financial planning business. Of course some people call it a profession too. Why am I saying this? Simply because we are in the very early stages of the profession. It is like being in the banking business in the 1900s, in the mutual fund business […]
Are we not sick of hearing the following: The terrorists acts have been a dastardly one…. The culprits will not be allowed to get away with this… It is not an intelligence failure…we had warned the state governments about this….. The Home Minister visited the attack site and made a statement in both the Houses… […]
If we have a debt (or a bill) we normally pay it on time, right? Hey no. Not always do we like to pay our debt or bills. We pay our bills only on the following conditions: 1. We acknowledge it as a debt: I borrow money from friend A and lend to the business […]
Earning well but poor…was a title which hurt a few people…so I have blunted it a bit by saying ‘not rich’. Please define your levels of ‘not rich’…so here are the reasons: 1. You are stuck to a job: you hate your job, your boss, your timing, your job location….and ditto for your wife. However […]
Remember for all my anti US stance, I still think it is a great country, and will be rich and successful because of a millions of reasons. Of course they have power, money, arrogance, and the ability to think they can control the world’s destiny. However the main reasons why it is likely to retain […]