What is Wealth?
There is an old saying, “Some people are so poor, all they have is money.” Would you rather be “rich” or “wealthy”? What’s the difference? “Rich” is having abundant financial assets; money, real estate, investments, material possessions, etc. But what other assets do you possess that you value more than these financial assets? In a […]
Financial Tasks you must complete before 31st March – The end of the Financial year
In the last week of December, I had posted a Blog on the Financial resolutions for the New Year 2019. As we approach the end of the Financial year and start a New one, it is time once again to think about our financial details, take stock of all that has happened in the year […]
The magic of Compounding – The secret to Wealth Creation
If You have $ 1 Million and you compound it @ 36%; in 60 years, you will own the World, i.e. You will have $ 100 Trillion, more than double the GDP of the world today, i.e. the power of compounding. Simply put, compounding refers to the re-investment of income at the same rate of return to […]
Financial Lessons from Holi !
Mark Twain, “A year has 365 days but India has 366 Festivals” Every celebration centers around the rituals of prayer, seeking blessings, exchanging gifts and goodwill, sharing, music, dance & feasting. In essence, the festivals teach us to Celebrate Life. Any excuse to celebrate is good, because the nature of our spirit is celebration. Holi […]
Passive Income – The secret to Wealth Creation
Who wouldn’t like to have, no money worries, to be on a cruise, tasting the malts and Sangrias, while pursuing your passion or thinking about your next adventure.Most people would prefer to have the flexibility of going to work when they please and stay at home to take care of your family without having to […]
Mutual Funds – The real advantage
The mutual fund was born from a financial crisis that staggered Europe in the early 1770s. The British East India Company had borrowed heavily during the preceding boom years to support its ambitious colonial interests, particularly in North America, where unrest would culminate in revolution in a few short years. As expenses increased and revenue […]
Financial Planning For Women
Marrying a man is not a financial plan. While we celebrate women’s achievements on International Women’s Day, it is a timely reminder to talk to women about financial matters and look at smart ways to gain financial independence. Women are great savers but are somehow reluctant to take the plunge to invest to build wealth. […]
Investment Lessons from Mythology!
Money and God seem poles apart, but are they? “In God, We Trust” is the official motto of the United States and first appeared on the Two-cent piece in 1864 and has appeared on paper currency since 1957. Mythology and Money; Most of the cultures of the world have Mythology associated with Money. In Indian mythology, […]
Money is a means, not an end!
I can recollect hundreds of people who have amassed a lot of wealth and still are not able to enjoy the benefits. They do not use it for any constructive purpose, not even for improvement of their standard of living, or for their family. Their corpus is beyond what they require and may last several […]
Wars, Terror and the Stock Markets ?
There is an old stock market proverb, which advises “buying to the roar of cannons and selling to the sound of trumpets.” Nathan Rothschilds old Maxim also states, “that the best time to buy stocks is when blood runs in the streets.” The stock market reaction during recent incidents like Kargil conflict also prove the […]