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 […]
this article on budgeting appeared in www.moneycontrol.com long back. INCOME: Rs 100, expenses Rs 99, life is fine. Income: Rs 99, expenses Rs 100, life is in despair. (Due apologies to Charles Dickens!) There used to be a time when it was advisable to have regular health checkups when you 45. Now, it’s closer to […]
If you are a businessman and you get a big income tax refund, it is time you changed your CA. An advance tax is something that you pay based on an estimate. Thus if your CA (or you) over estimated your income and because of that you are getting a refund, well, improve your ability […]
This is a cheat sheet on what you need to know about personal financial planning. I cannot blame you if you are already feeling overwhelmed about the kind of financial stuff being thrown at you! Let us get the basics right: 1. Personal financial planning is SIMPLE. This does not mean it gets done, but […]
A couple of days ago I did a post saying ‘Earning well but poor part 1’, now here is a sequel… 6. You rely on others to take care of your money: A classmate who is a relationship manager in a bank, or a friendly uncle, or …..hardly matters who. It is nice to say […]
It is generally believed that all the MBAs that you recruit come with great communication skills – but may lack in depth knowledge. Experience has taught me one thing. You cannot draw conclusions based on one or two students or colleagues. To draw a conclusion, you need a huge, huge database across genders, medium of […]
One friend (lets call him A) came to me complaining about another friend saying ‘D has not returned my loan of Rs. 44,000’. He perhaps wanted a shoulder – and my readers know ‘I hate tears’ (LOL: Amar Prem, Rajesh Khanna!). So I turned and said ‘Why did D choose you to borrow from?’ A […]