Category: Personal Finance

GOALS:103  – Understanding the financial life cycle of a typical individual

GOALS:103  – Understanding the financial life cycle of a typical individual

I write these posts for young people who are about to begin their working lives or have just started a family. The earlier they set about planning for life goals the better. I do hope they find these posts of use. Others reading them I hope, will pass them on to the youngsters amongst friends …

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Millennials: The 4th Revolution & What it means for Your Future

Millennials: The 4th Revolution & What it means for Your Future

I did indicate in my previous post that we should get on with Life Stage Goals – their identification, definition and achievement. However, half way through the first post, it occurred to me that, a peek into the future of our “Millennials” in the context of the ongoing 4th Revolution could serve as an excellent …

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What they never tell you in school about the “Magic of Compounding” money !!

What they never tell you in school about the “Magic of Compounding” money !!

Why am I so passionate about writing on financial independence for today’s young people? Because, somewhere deep in me is a feeling of responsibility on being part of a generation which frittered away the gains from what one could say is the most prosperous era in human history. Our fiscal profligacy has been the cause for …

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What does your “financial snap shot” look like? Check it out !

What does your “financial snap shot” look like? Check it out !

Hopefully, you have taken that all important “Single Step” from where I left you last time. If YES, it would mean that, you have filled in the  “Budgeting 101.1 Worksheets” Income & Expenditure Sheet and Net worth Sheet Despite the drudgery involved, patient budgeting is the only way to come up with a viable Life Plan because …

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Saving is more difficult than investing

Saving is more difficult than investing

Whenever I have talked with groups of students expecting to get out of University, I am surprised at how any discussion around money quickly came down to “how can I double my money in the stock market?” and when I replied “I have no clue”, I never missed that expression on their face which basically …

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Let’s understand where we are going with all this fluff ….

Let’s understand where we are going with all this fluff ….

“For all its uncertainty, we cannot flee the future” Barbara Jordan Click here to read more The concepts of Life Planning are so simple that, they almost seem common sense – especially to those who have been subjected to the academic rigors of medicine, software engineering or the more exotic stuff like pure math, etc. Benjamin Graham …

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I should be brain dead to recommend “Life Planning” when the future is uncertain!

I should be brain dead to recommend “Life Planning” when the future is uncertain!

OK, I did say that the future is unpredictable and uncertain when I was signing off my last post Click here to read more So, am I downright brain dead to recommend that, you consider developing a well thought out Life Plan for yourself? But then, when did I ever say that, Life Planning involved predicting …

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