Our personal finance is a story of our mind and money. It should be about how our protagonist “mind” wins over his girl “money” against all odds and challenges. Our mind behaves as Disney’s Cinderella and money as her glass sandal.
The primary aim of earning money is to spend it on things we need and want. We should be clear on the difference between our needs and our wants. Our needs are the basic and fundamental things required for our daily life like food, cloth and shelter.
On personal finance front, choosing our source of income is the most important part or step we take to reach the top of financial tower. There are many types of income.
Choice of Income Source- Passion, Commission & Omission.
Our spending has the ability to build or destroy our life and our hard earned money.The income stream(s) we have or created should always be enough for our expenses.To have a strong hold on our expenses,we must define and understand it clearly.A simple way of defining our expenses is to name it as Good andContinue reading “Good And Bad Expenses.”
Personal Financial Management, well the name says it all. Who would not want to live a life free of debt.
An apartment in a town ship with the balcony facing the play area, you on a coffee sitting opposite to your loved ones, thinking about how the life has transpired. Glowing bright with satisfaction of thought that well we are ready to face any eventualities even though both are retired. Well many would die forContinue reading “Financial Planning – A blueprint for your second half of life.”
Day jobs are lifelines of many people .They fill our day with some purpose which may or may not serve our own purpose but we tend to attend it on any cause.If we are going to spend our valuable time in a job ,either we have to accept it or excited to do it.
Moratorium announced by Reserve bank of India: Does it benefit you?