A few days ago I posted some money management rules which had changed…so here are a few more: Most of the rules are what you have heard…or will hear. 1. A. Stay away from equity. 1.B. New Rule: Staying away from equity will ensure that your portfolio is well short of meeting your retirement requirements! […]
Earning well but poor…was a title which hurt a few people…so I have blunted it a bit by saying ‘not rich’. Please define your levels of ‘not rich’…so here are the reasons: 1. You are stuck to a job: you hate your job, your boss, your timing, your job location….and ditto for your wife. However […]
Well this is not really about me quitting teaching, but somebody else. However I also quit teaching after teaching for just 20 hours in an MBA school. I vowed that I will NEVER go back to that school. Then I said I will never go back to teaching a full course. A single lecture is […]
When you have lived too long in a very comfortable style, you tend to lose perspective. I meet extremely rich people, reasonably rich people, rich people, and middle class people. And the richer they are, more they seem to be cribbing. ‘Why pay Rs. 25 Lakhs for a parking ….’ or ‘Mumbai has no […]
First of all get the basics right…Retirement is expensive, EARN it only then will you deserve it. Even if you plan to retire at say 58…it is not too early to start planning for it when you are say 50 years of age. It is necessary to find something worthwhile to do. It cannot […]
Is writing a cheque for an ‘n’ amount the only way to do charity? If not the only, is it the best? Actually the answer to both the questions is NO. There are many, many ways to do charity. For example it is easy for me to write a cheque to ‘Isha’ or ‘Akshayapatra’ – […]
Yesterday I was hearing the story of a man who supported his 5 sisters (one of them widowed) almost all his life. Typical government employee he had an irresponsible father who had 8 children. The son qualified as an engineer and joined government service. Then it was up to him to support his father through […]