For many generations we have believed what we own (i.e. items on which we are allowed to put our names) are our assets, and monies that we owe are our liabilities. It took Robert Kiyosaki to tell us that assets that put money in our bank are our real assets – equity shares, rental property, [...]
As a part of my personal financial planning seminars, I come across thousands of customers who are looking for advisors. As a part of my training sessions, I come across millions of agents who are looking for customers. However, for me it is not just picking up a telephone number and passing it on. This [...]
If you wanted to make a career in a sport would you just watch that sport on television and hope to be a world beater? No, I guess.
Similarly if you want to be a good investor watching television or the pink papers or the personal finance magazines and websites may be not the best way [...]
A Few weeks ago I had done a post on how to look at your personal finances like a corporate would. The suggestions were to learn what is burn rate, savings rate, take charge of financial goals etc. However many people have written in to say all this is too complicated.
So I decided to tell [...]
I am doing a series of short “Why Management should be interested in Personal Financial Well-being of their employees – an Introduction to financial planning” seminars in the following locations on the following dates. This is being sponsored by myiris plus – a revolutionary personal finance software. It will be a 2 hour affair – [...]
Now that the Pay commission recommendation has been accepted, inflation gets a nice leg up . Now you can see inflation at 12.5% this week and perhaps at 13% the next week. This will increase the interest expectation of the people and therefore the reluctance of people to participate in RBI auctions.
Thus if you [...]
It is customary for life insurance salesmen (by whatever name called) to sell life insurance by showing what is called an “illustration”. What is wrong with this “illustration” that is shown to potential customers?
Simple, it does not mean a thing!
IRDA has stipulated that the illustration should be made with 2 projected returns: 6% and 10% [...]
When the very affable, 32 year old Priyanka snapped at Suryanarayan, the HR head, the young 23 year old Arjun put in his papers, when the 48 year old accountant Paresh was rushed to the hospital with a mild heart attack all during the normal working day for Suryanarayanan the new smart HR head he [...]
The process of providing financial fitness involves four basic steps.
If you have the time, objectivity, inclination (to take time off from your family to do this) and expertise in accounting (to file your tax returns), investments, taxation, insurance, and estate planning, you can do this process on your own.
However, avoiding personal bias is not only [...]
I did a TGIF speech about investments – I met a person who told me that he clearly felt my blog was not addressing the new investor. Withing 5 minutes of him saying that one girl told me “i could not understand anything in your blog”. I hope this post removes that flaw in the [...]