Question Bank for your Man Friday
Question: Why do we pay a fee to a lawyer / doctor and most times don’t even ask our agent/broker for his charges? Answer: Lawyer saves & protects you / your interest and a doctor cures you from ailments. Both give personalised and specialised advice. You don’t...
The Greatest Investment of your life.
Like we tend to say, Let’s get to the root of a problem and fix it in totality.” The same applies to our investments and Financial Planning. We all want to own the best products in our portfolio but as it turns out the reality is actually far from it. We then hold...
Boom or Bust: How planning always helps
Place your hand on your heart and ask yourself, have you really made money? Are you happy with the way your investments have performed? Was something missing? Could things have been better? The stock markets are down about 25% from the peak levels they touched in...
How to buy a new car…free of cost
It’s good to have assets. Yes it’s important to have a communicator or blackberry in work circles. It is nice to have your child learning the piano and nicer to have a piano at home taken on 18% personal loan. It’s nice to be able to replace your old Maruti esteem...
Finally, what is Financial Planning exactly?
Do you agree that there is a big difference between a roadside chemist and a doctor? A chemist/medical shop is like a dispensing unit, show them a prescription and they give you the medicine. Can a chemist EVER write a prescription? This is just how significant is the...
Who makes us prosperous and how?
Who makes us wealthy & prosperous so that we are able to live happily ever after kind of life? There are 2 answers to this and they are just too obvious; The Government Yourself The first may seem a bit weird but is true. It is weird because it...
The Truth about Wealth
Wealth… The word has many connotations and means a lot of things to a lot of us. But that said most viewpoints would culminate at the same focal point – that is of having money which in turn may be in many forms so to say. Also, all the time all of us are trying to...
Financial Intoxication
Savour this. You being 4 times as wealthier than your boss – given that he earns about 6 times as much as you do and has about 3 times the work experience that you have. Kishen Khanna is 39 years old and is the national head of operations of a leading MNC. He earns...
Seven sins and planning
It is said that Financial Planning is a critical necessity for each one of us who seeks financial control of one’s affairs and wishes to create wealth. They why is it that most of us do not have a Financial Plan or have not even given this a thought? Why is it that we...
You want – A Pretty Woman or a Private Jet or both?
Life is about making choices. We exercise our right to choose everyday, every minute; whether it is work or playing some game. What we choose depends on what we understand and what we understand depends on our knowledge and experience. Suppose I were to offer you a...
Why most people barely achieve 10% of what is really possible?
We tend see lacs and crores worth of assets owned by our employers and companies who shares we hold but when it comes to our own assets leave aside crores most of us don’t even see a few lacs worth of assets and we have already reached middle age. Wondered why? Life...
What should you invest first? Time or Money?
Why do we lose money? Why are we generally not happy with our financial decisions? Why did it have to happen to me? Why did it happen when I invested my money? The answer is really simple but it is going to be very hard to digest. Either we are complacent with what we...
Lifestyle Conflicts: Now or Later
The classic dilemma revisits. There is one ideology that says “Make the most of what you have today”. Don’t worry too much about the cash, income will keep coming in, if not this job then there a many other jobs available. Spend and be merry, life is a party so live...
How your behaviour affects your affluence
Behavioural psychologists say that there are 2 types of behaviours pertaining to financial management that we as individuals exhibit viz., Acquired Drive based How these behaviours affect our innate need to own “money” and “create money” and “create more money” is...