‘Money is a Man thing, and Cooking is a Woman thing’ – most people are brought up with this stupid belief. It is not as though they are told explicitly, but by behavior. The son is taught banking in class 9, the girl is taught how to buy vegetables. Such stereotyping may be bad, but […]
Except investing more and investing for a longer period MAN will do anything to increase his wealth. Fairly obviously the person who starts early, invests more, for a longer period WILL have more money in the corpus assuming the same CAGR. SO a person who starts at age 23 investing Rs. 3000 a month – […]
Here I am taking a more philosophical attitude towards these 3 words, not just their commercial meaning. Spending: When you incur time and money on yourself it is normally called spending. Well let us look at it this way. What you spend should do good to you. Is this a fair definition of spending? Assuming […]
The young kids go through a lot of spending peer pressure. The places where they eat, the brands that they buy, the shops that they buy from – all are ‘peer-decided’. However many of these kids go through a lot of stress. 2 girls earning Rs. 25,000 per month may be having very different needs! […]
Immaterial of what age you are there are times when you get into a sticky financial situation. What are such situations and how do you handle them? 1. A close friend of yours has taken a loan – and is not making any attempt to repay that! Well this could be a friend, a sibling, […]
A few things that you should teach your kids: 1. Be responsible for your actions: When a kid runs and gets hurt, do not blame the bed, table or chair. Teach the kid that the table was stationary, it did not do anything, and the blame cannot be on the table. 2. Patience: the whole […]
It must have been in 2006 when a senior banker asked me to meet his neighbor’s cousin. She had lost her father (her mother had died long ago) and was having some problems understanding her late father’s portfolio. She had no clue of her father’s portfolio, but she kept saying that he would regularly buy […]