Here is LIC trying to sell a ulip plan for creating wealth. Then Mr. Pranab Mukherjee calls up and says “buy ntpc @ 214” so Lic says..ok sir. Wealth for whom? Govt of India? UNit holder? And what is IRDA doing this. Let us say if such a deal was done by Tata, Birla, Reliance, […]
http://www.subramoney.com/book-written-by-me/ The word financial planning has now received a lot of attention. Thus whether it is a brokerage company or a credit card issuing bank everybody uses this word. It will not be surprising to see cell phone operators calling and offering ‘FP” services on the phone soon 🙂 FP is all encompassing and it […]
There is good ego and bad ego. The good ego is what tells the kid that the body is different from the table. It tells you where your body starts and where it ends. If you see a 2-year old kid going under a table or a chair – he is checking out his ‘ego’. […]
If at a later date dictionary the word ‘inefficient’ is associated with personal finance, remember you read it here first. This post was triggered by a visit to a friend’s house last week. To be fair to him he had been calling me for a few months and I found the willingness only now. He […]
Last week I was speaking to one of the bright kids I work with. For practical purposes let us call him George Orwell. This kid (25 years old)Â was born in 1984 and has just started on a nice salary. He spends well but can put away a nice amount on a regular basis, but […]
Delayed gratification is so boring! Particularly when it comes to finances, constantly pinching pennies and saving all your extra cash is pretty darn boring. Which is why so few people do it well. There are too many fun things to spend money on.Yet, unrestrained spending (especially the kind that lands us in debt) is the […]
Doctors can create wealth. A lot of wealth. However, it may or may not happen from their earnings alone. It can happen only with good wealth management techniques. Ha, the word wealth may mean different things to different people. When we talk of wealth we mean an amount of money which will let doctors do […]