An excellent profession / business to do now is the financial planning business. Of course some people call it a profession too. Why am I saying this? Simply because we are in the very early stages of the profession. It is like being in the banking business in the 1900s, in the mutual fund business […]
Thanks to Rich Dad Poor Dad (then bankrupt Dad too!) many people know what are assets and what are liabilities…I am making ONE more distinction…. Assets: are those assets which increase your REAL NETWORTH (NW) Assets: that increase your nominal NETWORTH Assets: that are essential for your living and usage Assets (liabilities!): that are not […]
Many people ask me for the best investment advice ever… This obviously has to be a very small post: 1. Write down your financial goals: Clearly, SMARTLY, ….write. And see what each goal will do for you, say it out loudly, believe in it. Make sure YOU want it. Not your mom, wife, child, ….YOU, […]
Adam Scott’s secret nine point formula is here and many people have said it deserves the Nobel prize. Ha simplicity is in. However all the people who want simplicity in THEORY actually LOVE to make their lives more COMPLEX. Given a choice between Idli and Aloo Parathan if you choose A.P, remember you are choosing […]
If you do not know who is paying your financial planner, take heart, you are paying a much higher price than you want to. Frankly it does not matter what a person calls himself / herself. If a person says ‘I will spend time with you and make a financial plan, and I will charge […]
what is the Indian Institute of Ponytail Management worried about? it is worried about people knowing that it is NOT recognised. Is it really a problem? No. As long as parents BUY seats such institutes will survive. Sorry make it thrive. One Armstrong (translate to Hindi) runs an institute in a prime suburb of Mumbai…but […]
Continuing the Fundamental Analysis series…here is another post. What really is a Balance sheet? It is a summary of the assets that a company owns and the money that is owes to outsiders. Remember as far as the company is concerned, you the shareholder, is an outsider too. Remember – it has its own existence? […]