Thanks to Rich Dad Poor Dad (then bankrupt Dad too!) many people know what are assets and what are liabilities…I am making ONE more distinction…. Assets: are those assets which increase your REAL NETWORTH (NW) Assets: that increase your nominal NETWORTH Assets: that are essential for your living and usage Assets (liabilities!): that are not […]
One day when you are 40, your wife will scream at you saying ‘You have done NOTHING’ for our old age….. So you will feel guilty and continue to watch TV….but there will be no action…. Then one day at lunch your colleague will tell you …’hey you know what I just bought a pension […]
Only thing about markets is NOBODY knows what will happen in the future. Some of us sound like a genius by saying the same thing again and again. Some other brave fools go to the roof top and say ‘Market will go up 22% this year’ and the market makes them look like fools. However, […]
When I make a trip to say Kolkatta to do a one-day lecture, I take an early morning flight..and reach Kol for a 11 am lecture. Now what are the risks for me and the client in this whole situation? – risk of me not reaching there at all. How could this happen? Well let […]