What is your net worth? Let me see, probably close to a million. So what? Are you financially independent? No. Why? ’cause I don’t have enough cash flow to replace my W2 income. Ok then, net worth is a worthless metric. But it projects my comfort into the future. And so it goes on and […]
The Net worth vs. Cash flow debate Read More »
I am back after a long hiatus, as I enjoyed a fabulous vacation in India. These are times when I can introspect and know myself better and deeper. Nothing to do with the spirituality of India, but just an opportunity to separate my mind from the daily rat race, and consider what is really important.
Know yourself and your investments Read More »
Today I am flying to India. I am very excited and looking forward to visiting what is my second home now. As the long flight from US started very early this morning, a few thoughts on personal finance hovered around my mind. Before the flight takes off, there are a number of events that take
Take off to the aerial view Read More »
I talked a lot about budgeting, saving and investing money in the earlier posts. Budget – Grow the tree upside-down One essential comfort zone Investing in the High Five portfolio However a fact of life is no matter how hard you try, there will be big purchases. Some of them will be needs, while others
How to decide on a purchase – the P.V.T formula Read More »
Everyone does financial mistakes, some large some small. The personal finance industry is designed to chase you for your money, for obvious reasons. The people working in this industry has to make a living and profit. Nothing wrong with it, however there are some unscrupulous greedy professionals and companies who will siphon off your money
If you are just starting off with organizing your personal finance, or restarting from scratch, here is a step by step way to get started. Most of the times, we get started haphazardly, the first account in the local bank or the ad-hoc insurance policy or even the next stock tip forces us to open
How are emotions and investments linked? Or should they? The two are actually intricately linked in our financial lives. Emotions define investments, and investments define emotions. For example, most people who invest in stocks buy the next stock based on hot tips, be it from the last night party or the media channels doling out
Emotional Investing Read More »
One of the lessons we learn in our early childhood is to be perfect in whatever we do. We were told if you are not perfect, you will not be able to compete in the real world. While it may be true for some disciplines like music, medicine and mathematics (the only subject in our
Shun that perfection Read More »
I was very fond of music and used to break dance in my school days. We had a picnic some day and I wanted to arrange for music to entertain my friends. But in my home, I did not have a portable music player except the turntable, which was not exactly portable. So I borrowed
How a cassette player caused debt aversion Read More »
Many of us who grew up in the 80s and 90s will remember or would have seen Vinyl records on the shelf. I too had a turntable at my home and was very fond of it. As I grew up, the turntable and the 4 records that my Dad possessed became a big source of
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