I am sure you know the thumb rule of 72. We all use it to know when we can double the money or what rate of returns we ought to earn to double our money. But do you know why 72 is used and not other numbers like 71 or 72? Well, it dependsRead More
budgeting
Angelina Jolie & Household Budget
Won’t say Angelina Jolie is expert at budget, especially after hearing that her marriage ceremony with Brad Pitt cost millions, but this caught my eye when she said this in an interview with CNN in 2005- “Save one-third, live on one-third, and give away one-third.” – Angelina Jolie Now, I am a huge fan ofRead More
Automated Savings Plan
Aren’t these two words “Savings” & “Automatic” antonyms? Can savings happen automatically? My answer is with you – No. Savings do not happen automatic because of the very human nature of “pleasing yourself first”. One tries to dodge all hard functions first and tries to shift/delay the real painful measures. But we all know savingsRead More
When to Buy & When to Postpone? The Litmus Test
You come home from office and wife starts the pep talk… Winters on the way … we need a room heater this time… you know last time you said “this is the last stretch and winters will be over soon”,… and it continued for another 15 days… not this time, please. And probably you areRead More
My Personal Income and Expense Statement !
Being a financial planner, I am shit scared about not meeting my goals. I preach goal based investing and sane financial planning, so there is no way I can falter with my financial disposition. So when I look at my personal income and expense statement each 6 months, I get the creeps. I know IRead More
How to manage your personal cash flow
How much time do you spend on managing your personal cash flow in your overall financial planning ? I bet very less – most of the time is spent in digging through various reports on which investment avenues are good , how much will they return and how to invest in them. While investing yourRead More