I started earning when I was 23. Pretty late I guess. Nevertheless, not everything is under our control. But benefits of starting early cannot be matched easily by other reasonable approaches (like even investing more in later years). And I did…
Read More Case Study – When investing for 10 years pays more than investing for 30 years
Sensible measures without getting too ambitious - these 6 words from an old RBI press release caught my attention. RBI governor Raghuram Rajan's recent announcement to not take up the second term, triggered a desire in me to read up whatever I could find about…
Do you like taking unnecessary risks? With money? I am not sure about your answer but mine is that I don’t. Ofcourse we cannot eliminate the risks in stock market investing. But lower the risks are, better I feel.…
Read More Unnecessary Risks and Why Some People Always Lose Money
The equation (You + Smartness = Rich) appeals to common sense. Its natural to believe that smart people know things that help them get rich. Isn't it? Even I believe that on an average, smart people will be far wealthier…
When it comes to investing or personal finance, there’s a world of difference between a good advice and an advice that sounds good. It might not seem obvious at first, but there is. And Jason Zweig is one of the…
Read More Financial Principles by Jason Zweig. Guaranteed to Make You Smart.
Should I pay off my loans or invest for future goals? Or should I simultaneously tackle both? This and similar questions belong to a class of debate (Pay off Loans Vs. Invest), where to be honest, there is no one…
Rising cost of healthcare is not a new thing. But since most people in present generation are young, they don’t discuss it often. But still, the idea of health care inflation cannot be ignored now. Lets see why?…
Read More Health Care Inflation: Are Your Prepared for this Future Horror?
A reader had a very specific question in Personal Financial Concerns Survey 1.0. It was about calculations related to life insurance amounts. This is what he had to say: In past, I have bought insurance policies for saving taxes and…
Read More How much Life Insurance to Buy & How To Calculate the Right Amount?
If I die today, how much money will my family be left with? How much of this money will come from my savings/investments and how much from the insurance? Will the money be sufficient for my family to take care…
Read More 17 Disturbing Personal Finance Questions to Ask Yourself
There are people who struggle through their entire lives - just paying bills, loan EMIs and continuously doing things (or job) they don’t like. Lets aim not to be like those people.There are people who have no idea how they…
Retirement, Children’s Education, their Marriages and House. For most people, these are the biggest financial goals of their lives. Now at the face of it, these goals seem unrelated to each other. But if you think about it, you will…
If you think you are a long-term investor, then here is the truth – Its not easy.Just calling yourself a long-term investor is easy. But being one, year after year, for a decade or two, is not easy. Period.The problem…
In the First Personal Financial Concerns Survey, many questions were asked about how to convince one’s spouse to reduce expenses and increase/start investing. Now the first part: about reducing expenses, is tough. And frankly speaking, it’s much tougher than…
Read More How to convince your Spouse to start investing in Mutual Funds and Stocks?
Your Parents are not your Emergency Fund. Your Children are not your Retirement Fund. Those two are strong and thought-provoking statements. Isn’t it? I am sure many of you will be having a bit of a gut-wrenching experience right now…
Read More Parents are not your Emergency Fund. Children are not your Retirement Fund.
A reader sent me the following query:“Dev, I want to save Rs 1 crore in next 10 years. I want to take the least possible risk and don’t want to put all my earnings into savings - as I also…
