Last week there was a form to be filled..and I was asked to think of two names for each of these qualities. When it came to honesty there was a catch – it had to be a person below the age of 50. I just could not go beyond ONE. It had to be a […]
What is so scary about retirement? The big worry that you will run out of money before you die. Rather you OUTLIVING your money. Is it a fear? I think it is a nightmare especially for those who do not have assets which they are NOT USING, children not doing well, and those women who […]
Many people deal with kids in a way that they think they do not understand money…This is very funny and sad. Let us run a checklist on what your kids are learning: – Do your kids realize that everything costs money? The domestic servant, the driver, electricity, using a house (rent), banking, investing – NOTHING […]
One professor of a college wrote into a leading personal finance magazine: “I do not agree with you…Equity is not a great investment. The Sensex started in 1978 at a base of 100 and in 2007 reached 20,700. This means 207%. Now this means it has given a CAGR (think compounding!) of 6.9%. We could […]
this post was done on Vijayadasmi day..it is worth repeating..will also play it on Vijayadasmi day…for those who missed 🙂 No this story is not about Durga..it is about a friend named Sandeep. Sandeep was a classmate in Fatima High School at Kirol, Vidyavihar, Ghatkopar, Mumbai. When I was in class 6, Sandeep was in […]
To lose one kilo of fat, you must burn approximately 7200 calories over and above what you already burn doing daily activities. That sounds like a lot of calories does it not? You cannot burn even half a kilo in a day – 3600 calories is also quite a lot. However, every journey starts with […]
I know this may sound sacrilegious, but the housing loan (mortgage) interest deduction is the most over-rated tax strategy in existence. I constantly hear happy “homeowners“ boasting about how much money they “saved“ with their mortgage interest deduction. Asking your boss to reduce your salary would perhaps have the same effect. If you are in […]