Money For Investment

People with communist bent of mind have always associated the rapid growth of retail chains with mindless growth of capitalist greed which tends to make profit at the expense of the common man. In some states of India like UP and West Bengal, there were large scale protests over the opening of outlets by some large scale retail formats like Reliance Fresh etc. Unfortunately the company had to shut those outlets in view of the widespread protests. But, the moot question remains to be asked. Are these chains against the overall benefit of the common man? Do they really exploit the common man? These are fundamental questions the answer to which can be both yes and no depending on which side of the divide you are standing on. While there is no doubt that the consumers don't see these retails outlets as a part of the large corporates sinister design to fill their coffers by exploiting them, as is made out by the protesters. At the same time , some would argue that these large scale reta...

One of the first steps in your journey towards financial security and independence is to start budgeting for all your expenses. Having a budget is a must for each and every person who aims to become rich and amass wealth over a period of time. In the book "Millionaire Next Door" , the author comes out with various traits that rich millionaires share between them. And the most common of them was the fact that they all had a strong ethic of making a monthly budget for all expenses and then sticking to it. The study also noted that most of the people who earn a fat salary but are not wealthy also share a habit between them. And that was that none of them had the habit of preparing a budget for themselves. Budgets help you in number of ways like 1. It helps you get an idea of your necessary and non-necessary expenses. 2. It tells you the areas where you need to cut down on expenses. 3. Helps you deploy your money effectively and efficiently. 4. It helps you get the habit of savin...

Yesterday I went to meet few of my ex colleagues over lunch at a city restaurant.There I got to know of something which I thought I must share with all of you. There among others, I met Anil Surve. While talking to him , he told us that he had recently bought a house for himself. Everyone congratulated him , but, I was pleasantly surprised.He was asked by someone as to how did he manage it considering that he had started working only 4 years back. While 4 year is a good time to save money , it certainly wasn't enough for most of us. Most of us were still struggling to save anything which could be called sizable by any stretch of imagination.Here he had bought a house for himself. Just buying a house in itself was such a big deal, on top of that what really was most impressive was the fact that he had paid 11 lakhs as down payment out of his own savings for a flat of Rs 30 lakhs. That was quite a sum for most of us. So how did he do it ? He could do so because of a unique habit or w...