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Leak Proofing your Personal Finance to build Wealth

2012-02-01T22:03:00.004-08:00

Financial plumbing Many have a tendency to complain about inflation, taxes and EMI’s as deterrents to saving and investments. But the question is are we making a conscious effort to save and control spending? Do we have any financial leak and are we ignoring them? My intention is not to confuse, but to emphasize that you need to fix these leaks. So that you can create and build wealth that can

To be or not to be in equity

2012-02-01T22:03:00.003-08:00

Are You a Lender? A study revealed that only 47% of Indian households had bank account. In addition every 3 out of 4 households had a quarterly bank balance of only Rs.5000. With the recent savings bank account de-regulation many banks have raised their interest rate by 1%. But households would not benefit much, as banks could charge increased transaction fees to offset increased cost, and also

To be or not to be in equity

2012-02-01T22:03:00.001-08:00

Financial Planning Lessons from Republic Day

2012-01-24T04:22:00.001-08:00

Independence DayIndia obtained its independence from British Rule on 15th August 1947. India became independent and wants to develop and prosper with its own decisions. ConstitutionThough we are independent, we were not having our own constitution. Without constitution it is difficult to take the right decisions for growth. So we needed our own constitution which will be the principles and

10 Common Misconceptions - dispelled

2012-01-19T05:37:00.000-08:00

Railway Complaint No. 8121281212

2012-01-18T05:35:00.001-08:00

From M. V. Ramana Murthy (via E-mail), Incident 1 It happened few months back. We were travelling and I and my family were waiting in the A/C waiting room at Secunderabad Station. The attached bathroom was not clean and was giving bad smell. Added to this discomfiture, the bathroom door was not closing tight, and I also observed that shutter was not closing tight because of faulty door closer.

Vettai Movie Review

2012-01-14T10:44:00.000-08:00

In what promises to be an action packed thriller, this "Vettai" (Hunt) delivers very little in reality. The story line is nothing but old wine in a new bottle stuff, whilst its screenplay isn't that great which further dampens the spirit. Lingusamy though has done something different in this film by virtue of the scene composition in which Arya and Sameera Reddy lock horns which gives a feeling

Principles and Decision-making for wealth creation

2012-01-12T23:39:00.000-08:00

Whenever people have surplus money, they want to invest. When they invest, they just want to act or execute. They don’t want to spend time on understanding the product and various investment strategies. They would like to take investment decisions without doing any homework. There is no plan of action. Their attitude is “I have surplus money; just tell me where to invest”.Misselling:These kinds

How to be proactive on your potential financial problems?

2012-01-12T23:38:00.000-08:00

Most of today’s problems are yesterday’s challenges overlooked. It is always considered a wise thing to perceive problems before they arise and attend to them at the earliest. By doing so, you will be spared from the trouble you may have to undergo in the later stages. Here are few pointers to assist you in identifying the problems related to your spending and saving patterns.Potential problems

Have You Done Your Financial Spring Cleaning?

2012-01-12T23:37:00.000-08:00

A Financial Planning experience with a client:It was just another day that a new client came to us for financial planning. He wanted to know if he had planned well for his family financial goals. As a general procedure, I suggested that a study would help me come out with a comprehensive financial planning to meet his goals. Explaining the Financial Planning Concept:I told him that financial

Financial Resolutions to keep in 2012

2012-01-12T23:25:00.004-08:00

As we are coming to an end of 2011, this is the time to reflect on the year gone by and the time to look forward for the New Year. You may use this chance to review your financial scorecard for the last year and need to make necessary changes and create an action plan to improvise the score for 2012.Here’s the list of financial resolution for 2012. You may pick and choose a few among these and

Investment Advisor Vs Financial Planner

2012-01-12T23:25:00.003-08:00

A few decades ago, there was confusion with what sales and marketing are. People thought they are one and the same. But it is to be understood that sales is just an important ingredient of the functions of marketing. Sales lies in persuading and convincing a person to buy a product that is suitable. Marketing involves all the activities right from the conception of the product, to branding,

Investment Advisor Vs Financial Planner

2012-01-12T23:25:00.001-08:00

www.blogger.com

2012-01-12T23:23:00.000-08:00

A resale property: Who does not wish to live in a house of their own? Buying a new flat will take a long time, so some of us may wish to settle for buying a resale property. However buying a resale property could involve many legal and other procedural requirements. It is prudent to first understand the various procedures and safety measures for buying resale property to avoid hassles in future.

How long does it take to decompose?

2012-01-11T10:37:00.000-08:00

Paper Towel - 2-4 weeks Banana Peel - 3-4 weeks Paper Bag - 1 month Newspaper - 1.5 months Apple Core - 2 months Cardboard - 2 months Cotton Glove - 3 months Orange peels - 6 months Plywood - 1-3 years Wool Sock - 1-5 years Milk Cartons - 5 years Cigarette Butts - 10-12 years Leather shoes - 25-40 years Tinned Steel Can - 50 years Foamed

7 Insurance Myths Debunked

2012-01-10T21:59:00.000-08:00

Planning for contingencies like death and hospitalization also forms an important part of financial planning. Buying life insurance provides for the living expenses of bread earners family in his absence on death. Let me debunk a few insurance myths today so that you will be able to take better financial and investment decisions.Myths about insurance: MYTH 1: LIFE INSURANCE IS A WASTE OF

A Layman’s Guide To Reverse Mortgage

2012-01-10T21:58:00.000-08:00

What is reverse mortgage? Increased life expectancy has lead to the increase in the costs of living and medical expenses. This makes it difficult for many senior citizens that lack a regular income to live a life of dignity. Reverse mortgage is the solution introduced by the Union Government of India in 2007 helps senior citizens. Understanding the concept of reverse mortgage better: Reverse

Are You Guilty Of Financial Infidelity With Your Partner? Have A Look.

2012-01-09T21:30:00.000-08:00

Stories of financial infidelity: Mahesh, a successful upcoming software engineer’s life was in a real mess; it is good he realized it at least now. He had come to meet me for financial advice and plan. He started doing online trade after learning that his colleagues were making a lot of money. But he had lost heavily due to his ill-luck, inexperience and lack of knowledge. He indulged in tactics

Are You Guilty Of Financial Infidelity With Your Partner? Have A Look.

2012-01-09T21:29:00.001-08:00

Do You Do Your Regular Financial Check-ups?

2012-01-09T21:26:00.000-08:00

Just start the financial check-up: Noel Whittaker said, “Life is full of uncertainties. Future investment earnings and interest and inflation rates are not known to anybody. However, I can guarantee you one thing.. those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it”.This meaningful quotation made me realize that

A Step by step guide to choose a right mutual fund scheme

2012-01-08T22:32:00.001-08:00

“Models work when they are appropriate for the particular circumstance, but some of the best investment judgments over time have come when people recognized that models derived in other periods were broken or not directly relevant.” Abby Joseph Cohen Investing in mutual funds seems interesting, with number of websites, TV and other finance and wealth magazines publishing various information.

6 Financial Planning Misconceptions Demistified

2012-01-06T21:45:00.000-08:00

Let’s start the useful exercise: Finance may mean different things for different people. Some assume that they need no financial planning as they have very little finances. Still others believe that once they have invested their savings for future their task is over. In addition some pre-conceived notions that company we work for, pays our medical and hospitalization expenses so we need no

Powerful Financial Lessons from the Festival of Lights Diwali

2012-01-05T22:05:00.000-08:00

Happy Diwali; let us discuss fireworks, Diwali and great financial planning.As we start our festivities of Diwali 2011, my mind went to the powerful lessons that Diwali taught us all. These thoughts gathered momentum when I started thinking about the similarities of Diwali and financial planning. It made me realize that financial planning lessons were so simple, yet enlightening that even a 12

A Complete and Comprehensive Checklist for Buying Term Life Insurance

2012-01-04T21:44:00.000-08:00

Buying insurance for protection and wealth creation has always been a very complicated task involving careful analyzes. The analysis involves the amount of coverage, reason for coverage and the term/time that the cover is required. Term policies taken for a specified period of time like 5, 10, 15, 20, or even 30 years helps to look after family’s financial commitments like education and marriage

Parenting To Raise Financially Smart Children

2012-01-04T21:41:00.000-08:00

"Someone's sitting in the shade today because someone planted a tree a long time ago." Warren BuffetThis quotation, it made me think that this is what children that were taught to be financially smart turned out as adults. This next made me feel that it was just not important to send children to school to learn how to count and write, but as parents to teach them about the value of certain