When I tell people that I managed to invest close to three times of what I spend each month for the last ten years and this is key to becoming financial independence, there is a similar-sounding comment or question: If I invest so much, when will I spend money on the things that I love? When…
Continue reading →Dear reader, this is a compilation of 100 questions that new investors in mutual funds should first ask and then seek answers. Unlike a conventional FAQ that deals with technical aspects on mutual funds like, what is NAV; what is the purchase cut-off time etc. the focus here is to ask questions that will make…
Continue reading →Are you worried if you can afford that new phone or bike or car? Feeling guilty and tempted at the same time? Here is a simple way to find out affordability & organises finances so that you can responsibly buy stuff you love! Every time I got to a corporate money management session, I always…
Continue reading →Let us face it! Most of us hold too many mutual funds! Either we started with Rs. 1000 SIP in five funds or we saw new “good funds” and decided to “have some exposure to it”, or we stopped investing in underperformers but left the investment in the old fund untouched. After a few years, our…
Continue reading →Here is a personal financial self-evaluation checklist that can be used by beginners and veterans alike. It will help you organise your finances systematically and you go can well beyond these Five changes It has been developed from how to Conduct a Personal Financial Audit and my own audits which are done each December (see last years for…
Continue reading →Somethings never change! When the markets are moving up, everyone wants a piece of the action. When it starts to move down, they get restless and start complaining about lack of returns. The problem is (1) lack of a clear purpose behind the investment and (2) wrong expectations. I have Rs. 500 SIP running in…
Continue reading →Some readers may be aware that I have a youtube channel with about 2000 subscribers. I have finally overcome my laziness to make short 3-4 minute videos as suggested by several readers in the past. Here are four of them. Will try and do more in the coming weeks. Before we begin, this is the…
Continue reading →Follow these simple steps to learn how to close your loans and live debt-free. This week in ₹e-assemble, we shall discuss one of the most important money management problems for young earners – handling debt. You will be surprised as to how many people in their 20s and 30s nurse huge credit card debts, personal…
Continue reading →This week in ₹e-assemble, we shall discuss how to track monthly expenses and manage them efficiently. ₹e-assemble is a series on the basics of money management aimed at young earners. If you ask me now, “how should I track expenses?”, I would say, “do not track, instead invest first and spend later”. However, I am…
Continue reading →I discuss simple ways to select the best credit card in India and use it efficiently and maximize its benefits. This post is part of ₹e-Assemble: a series on the basics of money management for young earners. You will be surprised as to how many people do not understand how a credit card works and…
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