Category: Personal Finance

Do you want to get FIRED?

Do you want to get FIRED?

Well not “Fired” in the way that first occurred to you; I meant declaring yourself “Financially Independent, Retiring Early”. Any serious discussion about Financial Freedom can never begin with money rather has to start with getting to know yourself and what you wish to do with your life. Therefore to me, the biggest challenge to financial freedom is being …

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READY For income tax on equity mutual funds FROM 1st April 2018? NO?

READY For income tax on equity mutual funds FROM 1st April 2018? NO?

CAPITAL GAINS ON EQUITY MUTUAL FUND UNITS BECOME : LONG TERM (LTCG)    : After they complete 1 Year after date of investment SHORT TERM (STCG) : Before that first year is complete LTCG is taxed @ 10% (booked after 1st April 2018 – it was 0% earlier‼️) STCG is taxed @ 15% ✅HOWEVER;  the “cost price” …

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How to put a monetary value on your goals

How to put a monetary value on your goals

“There seems to be some perverse human characteristic that likes to make easy things difficult.” said Warren Buffett and the hundreds of mushrooming financial websites out there are working hard to prove him correct. Quantifying Goals has been made out to be some complex and esoteric task.  First, there is a calculator for each different …

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Goals 104 : Create your future : Identify and Articulate your Goals

Goals 104 : Create your future : Identify and Articulate your Goals

Here are some more examples: To be a good son, husband, parent, grand parent, brother and friend. Professionally, always give my best as an employee, leader, coach and mentor. Be rich and famous Lead a simple and contented life, in search of spiritual enlightenment Strive to be healthy in mind, body and spirit whilst seeking …

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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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