My experiences, ideas and thoughts about personal finance
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… Continue reading The Net worth vs. Cash flow debate
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.… Continue reading Know yourself and your investments
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… Continue reading Take off to the aerial view
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… Continue reading How to decide on a purchase – the P.V.T formula
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… Continue reading Beware of ripoffs
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… Continue reading The Starter Kit
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… Continue reading Emotional Investing
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… Continue reading Shun that perfection
There is one cushion or comfort zone that you don't want to get out of. Everyone knows the importance of saving that cash. No I am not saying investing but just plain boring savings in a savings account. Sometimes this is done as a byproduct of spending less in a month, which means there is… Continue reading One essential comfort zone
The Log House 