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, [...]
About the Book : – To most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that magical amount why [...]
Inflation story continued………
Psychological Impact of inflation is quite harsh on the investors and savers. Economic theory says when inflation is high, people will tend to spend more – because there is no incentive to save. This is true to a very limited extent. Most people get so scared that they start saving more and reducing [...]
Doing an article for the New year is easy. Just go to the article you did in the previous year…and change the year.
However is a good list of resolutions that you can make – it is really useful if you made it already, just reiterate it, and follow it! So here it goes
1. I will [...]
Are you in Denial mode regarding your retirement financial needs?
I cannot comment for every one, but too many people I meet are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least one [...]
Last week I was speaking to one of the bright kids I work with. For practical purposes let us call him George Orwell. This kid was born in 1984 and has just started on a nice salary. He spends well but can put away a nice amount on a regular basis, but is not doing [...]
Retirement
Financial Planner: Retiring early is a great thing to aim for.
Client reaction: Retiring early is a problem. Retiring at 52 will mean 45 years at home. This for my wife will mean more husband and less income! I have no hobbies, what do I do?
Americans at least need to develop some hobbies since their childhood. [...]
In every class on wealth management – whether it is 17 year olds in Shimla or 70 year olds in a old age home. Whether it is personal bankers or Hdfc bank or Citigold Wealth Advisors of Citibank – I keep saying ‘how well your money got managed is far more important than how much [...]
Why Women Need To Plan More Than Men for Retirement
Men and women may not be on equal footing when it comes to investing for the future. On average, women work fewer years and earn less than men, but they also tend to live longer. Therefore, women must focus on the concerns that are unique to [...]
Investing for retirement (which is called investing in the accumulation phase) and Investing during retirement (many of us will be investing even after we retire) can be as different as chalk and cheese. At the first stage we are looking for growth and safety. In the second stage we will be looking for liquidity, current [...]