Now that people have postponed their foreign trips, they all want to buy a house…. Let us see if you can afford a house: – can you afford to pay at least 40% of the cost of the house as a down payment? – can you afford to pay the EMI on just ONE salary […]
We just say that we do lie about money…let us see why some of us do it… 1. We do not want to accept that our decision was wrong: One kid left Indore to work in Mumbai. Her father told her ‘ at 21k take home pay it is not worth shifting to Mumbai’. Now […]
I tell my children(s) …I sound tough, and cruel, because I love you. If I did not care about you, I would not comment about your health, hobbies, eating, careers, jobs or personal finance. Ok kids, if I have told you any of the following, first my apologies, but I can assure you it is […]
There are some very important things that you should know if you are a decent investor…even semi decent is fine….by the way….. 1. Leverage: borrowing money to do a deal. You have no clue of the time frame for which you are doing the deal, but hope to make a killing. Normally the deal, the […]
I have done quite a few posts on managing money jointly….so here is one more… Here are some excellent tips…and has emerged out of a lot of experience of consulting, counselling, reading, skimming…etc. So, here we go: 1. Money is surely the root cause of all disputes: having too much, having too less, in what […]
Internationally as well as Nationally it is now well known that meditation is playing an important role in fund management. Either it is a confirmatory bias – I know more people in the BFSI space so more stories are reaching me, or that meditation itself is getting very popular. Whatever it is, meditation seems to […]
Today it is very easy to live beyond ones’ means. If you take any magazine you will find about 15 advertisements – of this about 14 will extol you to live beyond your means. If you can afford a Ford Ikon, they will urge you to buy a Honda City. If you can buy […]