Why do men lie about money? It is simple: a) they will not admit to the world – even to the wife and kids that they are not earning enough. b) it is a community thing – some communities like to show off, some do not have the need to show off. c) men live […]
Men are men – you see the Seagram ad, do you not? I have seen just too many men living beyond their means. This they do by lying to their wives – and living it up. This becomes even easier when the husband is in business. The wife only understands cash flow – so […]
Is this a question that has bothered you? or like everybody who follows the media think that you should have retirement plans well funded so that you can ‘retire’ at………….what ever age? Let us look at the Indian situation. Most Indian men will not know what to do once they retire (women readers please comment!!). […]
So now the mutual fund industry can sell its units abroad…and the limit is US $ 10 billion. Fairly obviously the media is excited (they need to do ONE story a day you see). 3 Journos tracking the industry wanted to know ‘what impact will the inflow of US $ 10 billion have on the […]
Not sure whether I have written about this friend of mine who does a very different type of SIP… He started his SIPs some time in 1998-9 and is now a ‘bhakt’ of the SIP concept. Let me explain how he went about investing. Let us say he started with a SIP of Rs. 2500 […]
I am asked this question everyday…. “how much money do I need as a corpus if I have to retire today?” well if you think you will live 30 years in retirement…you need about 40 times your annual expenses (at retirement age). So if your monthly expenses are about Rs. 75,000 per month when you […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 32-33 years of age, they have no clue as to how much they need for retirement. […]