Ideas on Personal Finance
Regular readers of this blog have seen a few bear markets with me. However, there is nothing regular about this bear market. The speed at which markets have fallen has been unnerving. Most banks are now forecasting a recession. Even if a recession is somehow avoided, there is definitely a slowdown in the economy ahead. … Read more
Most people are good at only a handful of things; and mediocre to utterly miserable at the rest. All our lives we are told to improve ourselves by working on our weaknesses. But when it comes to Financial Independence (FI), I have found this approach to be counterproductive. There are many ways to achieve financial … Read more
It is common to see headlines like “Inflation hits multi-decade high” or “Unless your salary goes up 8.5%, you are losing money”. While these headlines grab attention, they may not be relevant to you. Everyone’s inflation rate is different. The overall inflation rate is 8.5%, which is the average for everyone. Your rate could be … Read more
Our Gifting Culture It was late at night. We had just returned from our cousin’s housewarming party when my phone rang. It was my cousin calling. ‘Did we forget something in their house?’ – I wondered as I picked up the phone. “Hey! Can you guys come back again tomorrow afternoon? We need help with … Read more
The simple difference between working for money and having money work for you can be the difference between being poor or becoming wealthy! It’s your lucky day… Someone comes up to you and offers to make money for you. Even better, they expect nothing from you! Initially, you think that it is a joke. But … Read more
The real cost of an item is not just the number that appears on the price tag. The Real Cost Before buying anything, it is important to know the cost of that item. Not the amount etched on the price tag, but the actual cost. The actual cost to you! The philosopher Thoreau said: The … Read more