When a company or an individual has NO borrowings, it pays no interest, right? Well no. Let us take the case of a company first. Interest is what you pay for using some other person’s cash. Well if you use an asset you are paying interest in another form – called rent. So if you […]
First of all get the basics right…Retirement is expensive, EARN it only then will you deserve it. Even if you plan to retire at say 58…it is not too early to start planning for it when you are say 50 years of age. It is necessary to find something worthwhile to do. It cannot […]
Buying a Car is a great first time emotional event and people are buying a car at a fairly young age. Once upon a time a person would be in his 40s when he bought a car, now he is in his 20s. Two things have happened – car was once considered a luxury, […]
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 […]
How funny we keep seeing this cycle of ups and downs…In an up we believe there will be no downs…and in a down we believe there will be no up! I thinking cycling and running – two things that I do help you handle such situations well! If it is a route you know (or […]
Personally speaking credit cards is something I lived with for most part of my life. Till it became embarrassing not to have one. I needed it for travelling, ticketing on the net, etc. so I got one. There are many ways how a person can use his credit card sensibly. As far as I can […]
If you have followed my posts regularly you would have seen my posting regarding owning or renting your house..to which I have received violent protests. Here I am replying to the protests… “Own houses can be bigger than rented ones.” That is funny. You can rent a bigger apartment can you not? Most renters live […]