In one of the earlier posts on Retirement Planning, I had discussed the importance of starting early, portfolio diversification and a few psychological investments to get you on right financial track. By starting early, you get the power of compounding behind you and your small (involuntary) contributions can result in a significant corpus by the… Continue Reading
You are looking for a small loan of Rs 1 lacs for purchasing new furniture for living room of your new house. The first thing that comes to mind is a personal loan. But you are aware that personal loans are quite expensive. The interest rates can vary from 14% to 18% p.a. or even… Continue Reading
Most people start thinking about retirement when they breach 35 and get serious about retirement planning when they hit 40. Most of them don’t have much idea about how much they need for retirement. Most are fixated to a randomly large number say, 2 crores or 5 crores. When they don’t know how much they… Continue Reading
What has to happen before you think you are in a debt trap? Does default of your EMI payments or credit card payments count as a debt trap? Or is there a less critical situation which can also be termed a debt trap? What about when you do not make your credit card payments in… Continue Reading
The current market value of my flat in Pune is close to Rs 65 lacs. I purchased it for 17 lacs in the year 2005. Until recently, I used to feel really proud about my investment decision. It was something that I boasted about to all and sundry. Rightfully so, as my investment had multiplied… Continue Reading
In our previous article on the Rent Vs Buy, we had discussed about the financial factors that impact the home buying decision. In this article we will cover some of the non-financial factors that influence this decision. Once you’ve done your calculations and arrived at the conclusion that financially you are in a position to… Continue Reading
Recently there happened to be an accidental discussion with one Mr. Joshi, a retired Engineer and an acquaintance of another friend of mine. The discussion was accidental because it was not pre-planned and Mr. Joshi was telling us how wisely he had invested in a house property in his younger days and how he sold… Continue Reading
Are you looking to buy a house/flat? If you scout the internet, you are bound to come across projects being launched at very attractive pre-launch prices. When I started looking out for a house to buy, an advertisement by a well-known builder at rates which were kind of unbelievable caught my attention. Out of sheer… Continue Reading
My neighbour, an employee of a private firm came to me with a strange request last week. She wanted my advice on the type of bank account she should invest her money in so as to earn more than what she was earning in a savings account. Her ultimate goal was to save enough money… Continue Reading
I have heard many a householder lament that by end of the month they do not know where their money has gone, and they are left with no savings and worse, waiting for the next salary credit. Do you fall in this category? This can happen if you do not keep household accounts. But while… Continue Reading