Debt is not evil. In fact, if used responsibly, debt can be extremely useful. Yes, taking on debt involves additional cost in the form of interest. Clearly not desirable but that’s just the cost of capital. If you are using your own funds for purchase, consider the possibility that those funds could have been invested… Continue Reading
There are two schools of thought on borrowing. Both are right in their own way. Don’t borrow. Don’t waste your money on EMIs. Debt is evil. Invest for your financial goals, grow your money, and enjoy only when you have enough money. OR Money can be earned later too, but the time won’t come back.… Continue Reading
For many of us, a new year starts with resolutions. And these resolutions can encompass a wide range of areas such as physical health, financial wealth, personal spirituality, and relationships. What are your resolutions for the new year? Well, you don’t have to tell us but make a concerted effort to see them through to… Continue Reading
It is common for Non-resident Indians (NRIs) to borrow in their country of residence to invest in India. They borrow to pay off loans in India, purchase real estate or even invest in stocks or mutual funds. Why do it? The borrowing rates may be lower in their country of residence. Say, you can borrow… Continue Reading
How much debt do you have? How do you answer this question? A) Rs 50 lacs for 15 years OR B) EMI of Rs 47,782 per month for 15 years? Both have the same meaning. If you track your loan amount properly, you will answer in terms of the outstanding principal amount. However, when it… Continue Reading