If someone were to ask me what is the best investment to do, my perpetual answer is and always will be, ‘Invest in You’. That’s right, you are your greatest asset and you are responsible for everything you do whether you create or destroy wealth. The number of people who create wealth is much lower …
Dec
19
2011
Dec
17
2011
If time is money, invest it to get rich
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 have …
Dec
17
2011
Fat salary but zero bank balance? Stop that cash leak
Imagine a situation where you can see money but cannot touch it. You cannot touch it because it’s simply not there. Mr. Mehra has this problem, which he considers rather unique but the fact is otherwise. He is into business of supplying home furnishings. He would source unique materials and finished goods from around the …
Dec
17
2011
Think yourself rich
If you indeed want to get rich, just daydreaming about it will not make it happen. You must complement your dream with actions; more often than not, these actions are completely in your control. All you have to do is pursue your goal with rigour and discipline. A tip on how to begin: imagine that …
Dec
17
2011
Secrets to smart spending
An equation we all know: Income – Expenses = Savings and thus investments A less familiar equation: Multiple Income – Planned financial expenditure = Enduring Wealth Let’s see how prudent spending can actually contribute towards wealth building. Expenses could be financial or non-financial in nature. Let us concentrate on financial expenditures and identify the same. Insurance …
Dec
17
2011
I use the merits of long term investing
To me my money means a few things viz; 1. Creation of wealth on an ongoing basis 2. To earn the maximum possible over a length of time 3. Creation of an alternate support system or an alternate system of income generation The general maxim that I have followed all through is that in order to create wealth …
Dec
16
2011
7 Deadly Sins of Financial Planning
Financial planning is a critical necessity for each one of us who seeks financial control of our affairs and wish to create wealth. Then why is it that most of us do not have a Financial Plan or have not even given a thought to it? Why is it that we keep trudging along and …
Dec
16
2011
Buy strategy not products
I bet you have asked yourself these question many times over, what is the best thing I can do with my money? What is the best investment avenue available today? What is the best stock or mutual fund to buy? Quite rightly so these are valid questions and your everyday concern. Like I have …
Dec
16
2011
Tips for choosing the right team of financial advisors
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 destiny and …
Dec
16
2011
How Maya outperformed the experts with simple strategies
These days it’s hard to find people like Maya. The stock markets are down by almost 20% from their peaks and Maya’s portfolio is still up by 40%. How did that happen? How was her portfolio insulated from this unforgiving crash? Well… her portfolio was actually up by 45% before the crash and it is …
