I had posted a few reasons why you were earning well but were not getting rich..here are some more reasons: 1. Your vehicle is your passion: For you the vehicle is not just a means of transport, but a status symbol. Something that should turn heads, and hot pants. So you borrow money, buy a […]
I have said this in the past too….and saying it again… “I have NO clue about what attracts big companies to the financial services sector” – repeat a zillion times. None of the so called ‘big groups’ have ever done well in financial services. Whether it is the Tatas, Birlas, Sundaram,….really only Hdfc as […]
At age 35 people suddenly realise that death, old age, etc. CAN happen to them also…. So suddenly they look for somebody who will ‘help’ them to plan their finances. They get to somebody and find out somebody who comes to their house or their office. They think (thanks to the TV ads, I am […]
Anybody who comes on television says ‘there is a huge demand for infrastructure, so invest in infrastructure’ -brilliant argument, completely wrong. Experts, if you have forgotten your basic Economics, here is the answer: Demand = Need for a product + Ability to pay+ Willingness to pay. Let us look at another product: Pensions. Who […]
It is easy for me to say ‘you should not take personal loans, because I have not taken’. It is so foolish too say do not borrow. Most people are borrowing out of compulsion, not love for the bank!! Nobody borrows if they can live without that expense. However people do borrow, and when I […]
Most Hindu kings – or the Kings of Indian origin – acted as a trustee when they managed the kingdom’s money. Even though they were the owners, and theoretically they could do whatever they wanted to do with the money, they managed as though they were to be there permanently. This is easy to believe […]
Oh no this is not in the Indian context, but when you use Google to tag some stories…you do hit on some interesting stories. A few days back Balakrishnan had written a page on the Moneylife site why you should buy from a bank relationship manager. I said chuckle, chuckle. Had neither the intent, willingness […]