Long ago when a good friend of mine was learning the basics of astrology, his father (and teacher) gave him a horoscope and asked him for his opinion. He said “it is a lousy horoscope” – this guy has no marriage, he will never own a house, he will not amass wealth, ….”. His father […]
An asset should bring you money. If this is the definition of an asset – your golf kit, your gold jewellery, your Mercedes, the house in which you live, – normally what people consider assets suddenly look like ‘expense’ rather than an asset! Every cheque that you sign is either an expenditure or the purchase […]
I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to buy a VCD or a television (did you note we […]