Hi Students of the Graduating class of 2010, Here are some lessons which I wish somebody gives to all graduates. It does not matter whether you are a CA, MBA, a doctor, Engineer or a plain graduate. These lessons are the basics of finance which is nice to know and MUST to implement. Let us […]
Recently got a copy of Amar Pandit’s book – Bill and Penny’s Money Adventures. There was no point in trying to do a book review. So I asked my daughter to read it and WRITE what she understood. I was quite impressed – first of all to get a 9 year old to read a […]
It has always fascinated me how children learn about money. Whether it is switching off the fan or light or allocating money to what they want – the process is worth seeing. Last 2 years my daughter has been getting a lump-sum budget for Diwali. She has to choose between spending on a dress or […]
Almost every day somebody asks me this question! This question can take many forms – sometimes a student doing is engineering asks this question or sometimes it is the student’s parent asking this question. Even when a kid is 5 years of age parents need to plan for a ‘good’ education. Good education normally means […]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF […]
The Rules of Money are changing. Are you adapting? This of course could be a fantastic tag line for a financial education business! However I have been convinced about a few things. The old Macaulay system of education in India – and perhaps around the world was created by the ‘Ruler’ who wanted to have […]
Last week I was speaking to one of the bright kids I work with. For practical purposes let us call him George Orwell. This kid (25 years old) was born in 1984 and has just started on a nice salary. He spends well but can put away a nice amount on a regular basis, but […]