So many young girls in their 20s and early 30s are faced with this question about 6 months into their pregnancy. It is not an easy question to answer, but answer they must!! Should I be a stay at home mom? should I be a housewife? Should I give up my Rs. 1 million job? […]
Here are my observations as to why people do not get rich. Almost all of them will justify their being not well off – I had to pay for my parents expenses, my children’s schooling is expensive, my own medicines,…..blah blah. I find these as rationalisation and the deeper answer lies in the following…. Procrastination […]
Doing financial planning as a lecture is very useful. I force people to get their own perspective to planning. My sessions are more questions. The participants have to find the answers. Except for things like – write down all your investments, make a will,….etc. there is no force or push..it is just probe. Clearly most […]
All over the world the mistakes by young people seem to be the same. Hang on, we are all guilty of the same mistakes. Since we made the mistakes, we are requesting, pleading, with you guys not to make the same mistakes. I am calling those born post 1984 as Gen Y and these are […]
You have found a new adviser and you hope to build a great relationship. You are meeting him…maybe for the nth time and what are the words that you just do not want to hear: 1. Your risk tolerance is high: Hey dude, I am myself not sure how I will react to a 35%fall […]
Most of us cannot understand using time as an important agent in creating wealth. It takes a mathematician to appreciate that. Assuming you had bought good equities or invested in growth plans of good funds for the past say 20 years you would have got fantastic returns. It does not seem the help people EVEN […]
This is not an exaggeration. It is not another way of teaching you compounding. However when you read you will appreciate. Let us assume that a young person has built up a portfolio of say Rs. 300,000 in equity mutual funds and he has opted for the dividend option. Every year he gets about 15,000 […]