If we have a credit card & we do not know how to use credit card it’s a problem. It is like not-knowing how to use a knife. To cook food use of knife is essential. But knife can also injure a person if not used properly. Similarly, improper usage of credit card can cause…
How many live life completely dependent on their monthly paycheck? Not surprisingly, 95% of all salaried people live a paycheck to paycheck life. Why it is so? Because salary (paycheck) is a very assured form of income. But on downside, it makes people complacent about their financial security. Salary income is assured only till one’s doing a job. If one…
It is amazing to note that how rich get richer. Every passing day, they seem to get even more rich. How does this happen? Standard of living of millionaires is what attracts us the most, right? Millionaires have lots of excess money. But the way they lead their lives attracts us the most. It will…
There are several alternatives available for investing money in India. But the problem is that, investment after retirement must be done in a specific way. Hence, the composition of ‘investment portfolio’ of a retired person is different from other people. What is the difference? A retired person plans to include those assets in portfolio which…
Why poor people stay poor? This is because poor do not know how manage money to become richer. Poor thinks that, only making ‘more’ money makes one rich. But this is not correct. One must attain financial independence first. Only after achievement of financial independence one can start getting “richer”. The difficult part is, the achievement of…
It is not an overstatement to say that rich people communicate effectively. So, how rich people communicate? One continues to be poor because of his/her habits. Yes, if we can only improve few habits we can become rich. Communication is one area where rich people score very high compared to poor. Research shows that most…
According to Robert Kiyosaki, not anyone can generate investment income. One must first build mindset of an investor to start generating investment income Investment income generation starts with saving money. Saving money is as difficult as investing money. It takes maturity and perseverance to accumulate savings. People are psychologically drawn in the habit of needless spending….
[List of Dividend Paying Stocks] An example of dividend income: Mr. Mukesh Ambani and his family (HUF) hold about 5.6 crore shares of Reliance Industries (0.85%). As declared in Mar’21 annual report, RIL paid a dividend of Rs.7/share. At this rate, the family would have earned a whopping Rs.39.2 Crore only in dividends of RIL….
Buying your first home? Consider this as a great investment. But which is better, first self-occupied home or home put on rent? Lots of people face this dilemma while planning their first property. Few years back I had no home of my own. I used to live on a rented house. Then I bought my first…
The functions of RBI (Reserve Bank of India) are as important as the Ministry of Finance. RBI is not just a bank, it bank of banks. When I was a child I always wanted to open a bank account in the Reserve Bank of India. The enormity and magnitude of its office building itself used…
It is surprising that how much we can learn by just digging deeper into the investment quotes of Warren Buffett. When I speak about money and investment, not many will turn and listen to me. But when a mighty investor like Warren Buffett speaks, his every word is deciphered. Each and every Investment quotes of…
How to double money? Invest it in right investment options. But focusing on wealth creation is more important than making money. The best investing tips we can give to our reader is to concentrate on wealth creation. If quick-money comes in easily, it goes out even quicker. Saving and investment is the foundation of all…
