Job or business? depends on your approach!!

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? […]

Income tax refund what to do with it?

If you are a businessman and you get a big income tax refund, it is time you changed your CA. An advance tax is something that you pay based on an estimate. Thus if your CA (or you) over estimated your income and because of that you are getting a refund, well, improve your ability […]

You must invest at least 10% of your salary!

a variant of this appeared in DATE OF ORIGINAL ARTICLE: 2007….NOW we are in 2013….please adjust all dates accordingly… Normally people invest to get returns. No doubt, everyone invests for returns. That magic figure governs the fate of all investment products. The logic in people’s minds is simple: The better the returns, the more […]

Solutions to all problems is money?

Funny when we started life, there was a lot of time and a lot less money. I am not even getting into whether we were happy or sad. Growing old has one great advantage – you fantasize about the past. You think politicians were honest (that’s true Pramila Dhandavate and Madhu Dhandavate were still alive), […]

Collectors, Not Investors

About 12 years ago she came to me for investing her money. She is a well educated woman, has a smart daughter – and there is no man in her life. She is divorced, her father died about 7 years ago and she does not have a son. I am saying all this because when […]

What is safe leveraging?

Let us get it right, the real rich do not borrow. Never ever for personal expenses, buying assets or personal INVESTING. Borrowing and investing is a very foolish thing to do for most people. Will a Mukesh Ambani or a Kumar Birla take a personal loan to buy shares? Tough to answer this question? No. […]

Ruining your financial health….hey it is easy…

See if you are doing these things or at least some of these things to destroy your financial health….. 1. Postpone starting to save / invest: Forget that there is a tomorrow. Let us look at the reasons that people use: a) I am too young to save / invest b) I am too old […]