How to think and act in these trying times, for your personal finance.
Tag: system
The 4-Q way of protecting your finances from coronavirus driven volatility
One of the questions all investors consider is how to spread their investments. This is super essential in a volatile economic environment that we are now being forced by coronavirus. Coronavirus is already sending stock markets across the world in a downward spiral, companies may find it difficult to service debt and hence affect bonds,… Continue reading The 4-Q way of protecting your finances from coronavirus driven volatility
Who moved my cheese? How to deal with changes in financial plans
The title is taken from a famous book as below. Even though it is meant to be a management philosophy, it applies to the subject of personal finance as well. https://read.amazon.com/kp/embed?asin=B004CR6AM4&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_tIGqEbZ4SSXY6 Financial Planning does not work? There is a proverb in the military - Plans are good till the first bullet is fired. Some of… Continue reading Who moved my cheese? How to deal with changes in financial plans
The SAFE plan – Simple, Automated, Flexible and Efficient
Safety in financial world is an oft-repeated word, and is mentioned in contrast to risk and growth. We talk a lot about risk-return trade-off, safety of invested principal in long term and short term investments. There is another way of looking at Financial Safety. The SAFE plan described below is a way of setting up… Continue reading The SAFE plan – Simple, Automated, Flexible and Efficient
Five FAQs of personal finance
Throughout my journey with personal finance, and through the mistakes and learning, I compiled a list of Top 5 questions that come to my mind, time and again.
Five components of a personal finance system
A simple yet comprehensive system to manage ones finances.
