More than 300 families that I know must have made this statement! I love it. All those reading my blog know that I believe in keeping things simple, and using own skills rather than ‘hired’ skills. Even when it comes to making a will…my normal advice is “If you have led a simple uncomplicated life […]
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, […]
Who is smarter – the Gujju taxi driver of New York or the Heads of American and European banks? You guessed it…here is a joke.. A naked woman got into a cab late night….the driver kept staring at her without starting the cab. The woman got irked and asked ‘Have you not seen a naked […]
People outside the financial industry may not realise the ails of the industry! Let us look at the brokerage industry. Not long ago – circa 199o even until 1999, brokerage rates were falling but still was about 2% per transactions. Then the corporate sector war started – chasing the top line to come out with […]
If you are in the financial services industry you would have heard some whispers..that something big happened. Then murmurs..then rumors…but here is the full story… http://www.moneycontrol.com/news/features/what-really-happened-at-aditya-birla-money_500993.html
Last week I met with a very senior person in a very very big bank. It took almost 10 minutes of security check before I reached him. As usual I asked him “How come your bank which has such a high training budget not spend any money on teaching personal finance to YOUR OWN EMPLOYEES?” […]
Amazing how people who do not know anything about debt, equity, mutual funds, risk, real estate, …suddenly turn advisers. No this is not about somebody selling life insurance and mutual fund products, but inside the family ‘advisers’ ever willing to help! They just wait for some ‘helpless’ person and start giving advise. Let us look […]