Today it is very easy to live beyond ones’ means. If you take any magazine you will find about 15 advertisements – of this about 14 will extol you to live beyond your means. If you can afford a Ford Ikon, they will urge you to buy a Honda City. If you can buy […]
See if you are doing these things or at least some of these things to destroy your financial health….. 1. Postpone starting to save / invest: Forget that there is a tomorrow. Let us look at the reasons that people use: a) I am too young to save / invest b) I am too old […]
Imagine a person going on a longish journey…say a 3 hour bus journey from destination A to destination B. His aim is obviously to get a nice seat, preferably a good cushioned window seat in the front part of the non air-conditioned bus. In reality Mr. X gets into an extremely crowded bus, and he […]
We want a swanky airport like New Delhi. We tell our friends Delhi airport is better than…..name it and it is likely to be true. However if DIAL were to levy a Rs. 350 levy on passengers, we do not wish to pay it. We want good, swanky, financial services companies – mutual funds, […]
A friend called up to ask ‘Why do i have to pay a higher interest RATE for a second hand car than for a NEW car?’ How much is the difference? about 3-4% p.a. for 4 years…..so that you lose most of the advantage that you got in the price while buying. Wow. Why does […]
When a rich person (when I say rich I mean a person with a level of net worth – not a level of spending) spends frugally – is he being miserly or being sensible? Frankly I do not know and do not really worry about what other people think – but to me many of […]
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 […]