A simple yet comprehensive system to manage ones finances.
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