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 […]

Read More →

I had posted a few reasons why you were earning well but were not getting rich..here are some more reasons: 1. Your vehicle is your passion: For you the vehicle is not just a means of transport, but a status symbol. Something that should turn heads, and hot pants. So you borrow money, buy a […]

Read More →

  The normal question you expect to find in a personal finance website is ‘Decide on how to fund your car’..but let us go one step behind! In the last 6 months I have seen 3 kids getting a Nano to go to college. Luxury or Necessity? No comments. Reality. I have seen a person […]

Read More →

When the government by a fiat says that you need a license to do something, the government (deliberately and knowingly) creates a vested interest. Government of Maharashtra gives a taxi permit / auto permit. So if I qualify as a driver, I should be able to go and pay a small fee (say Rs. 5k) […]

Read More →

Many people including family has screamed at my idea of renting instead of buying a house (rather any asset). My idea is quite simple. Whatever you use has a cost. The cost of any product is made up of materials, overheads, interest, depreciation, and manufacturer’s margin. If you use a taxi say for 20 hours […]

Read More →

Women surely have some peculiar financial planning needs. We will not do too much in detail here – but suffice to say that some requirements are unique. Though most adult women I meet are married, I guess most of them will die alone – widowed, divorced, or not married at all. So at some stage […]

Read More →