I meet all kinds of kids – and it is worth seeing their attitude towards money and their parents…. Some kids think that their parents owe them a living! Some kids hate spending their parent’s money – even a farthing! This is not about their attitude, it is about their ability to communicate with [...]
I am not sure about the social media and investment advice, but am worried about the people who talk about risk in the media! Let us see some comments: 1. At this point if you are afraid of the markets you should shift to a RISKLESS portfolio of debt funds, FMP and bank deposits. Yuck, [...]
A friend called me with a surprising question. Let us call him M.D. He bought a house in Navi Mumbai for about Rs. 80 Lakhs, – of this about Rs. 55 lakhs was funded by a loan from the State Bank of India. Over the last 4 years he had paid a lot of interest, [...]
Not sure how many of you are on facebook. One Ibnlive.com clip doing the rounds is an IAS topper saying how much his father sacrificed to make him an IAS. He talks of his father selling his land. He talks of not having a house to live, but still studying for his IAS. His father [...]
One of the girls who read my book….has sent this note….I have masked her name….obviously do not want her name to show up in a Google search!! Name: hidden Age: 23 Profession: Service 1. At what age do you plan to retire? Have you started saving for retirement? I plan to retire when I have accumulated [...]
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 write down my financial goals – NOW, IMMEDIATELY. 2. I will convert a big portion of my savings into investments – [...]