Our children’s attitude towards money is largely fashioned by our attitude towards money. So if you and your wife fight about money, or argue about money or hide things from each other, rest assured your prince or princess is watching you. One needs to be very clear in the communication with the kids. Keeping an […]
Money management is the whole process of getting wealthy and includes: earning, budgeting, spending, borrowing, accounting, taxation, saving, trading, investing, etc……. So it is likely that some of the points here could be relevant to you but not to APPLICABLE at this point in time……but still please read on: 1. NOT knowing the difference between […]
If you are not earning too well, well, you are not earning too well, dammit! Learn to live within your budget. Stop asking how will pay for my luxuries! Hey sending a kid ABROAD is not a necessity, but a super luxury. I know of about 30 kids who have gone to the UK for […]
This is an old article which I had written for MoneyControl about 4-5 years ago Some tips on smart spending! THE basic needs of man are food, clothing, shelter and entertainment. Today, most of us have graduated from needs to luxuries. When the newspaper headlines were screaming inflation at 11.9 per cent, it became a […]
Many people ask me- will I be able to do financial planning myself? My answer is sure, but if you are a student of financial planning or the head of research in a pharmaceutical company trying to do your own financial planning, you need to know the following things before you start. Just check […]
The current generation is earning very well – remember most of what people considered as ‘luxuries’ in the 1960s, 1970s, etc. are today considered as a necessity. Also if you consider that in the 1970s when salaries were much lower, and taxation were much, much higher white goods were about 2-3 MONTHS income even for […]
Suzie Orman runs a popular program in the US of A which is simply titled “Can I afford it?” wherein people call in to ask “Can I afford a second hand Mercedes which costs me $ 45,000?”. Then Suzie sizes up the situation checking up whether the person has some money in her/his savings account, […]