Having rethought through Part #1 of this series and the comments which followed, I should point out that the choice of financial instruments also depends upon when you expect to utilize the funds built-up in working towards your goal. For example: the financial instruments applicable for a short-term goal of purchasing a washing machine may […]
When you see a financial offer that sounds too good to be true, you should always read the fine print. For example, a recent issue of Outlook Money carried an ad from Kotak Mahindra Bank that touts a 48-day interest free period on cash withdrawals done using the Kotak Fortune Gold [Credit] Card in lieu […]
The big issue today is inflation. In my view, frugality can beat all inflation. I still don’t own a car, I don’t have a mobile. Ours is now an economy based on waste. If you change that, other factors will correct themselves. Source: A senior citizen’s quote in the latest issue of Outlook Money when […]
I can’t believe this — I hit my target of 20K pageviews a full month early. In fact, I almost touched the 22K mark; a full 10% above my target! Pageviews are up by 17% and absolute uniques are up by 19% over June, 2008. I drilled-down into the stats and this surge in traffic […]
A key to achieving your financial goals lies in knowing what financial instruments to invest in for a given financial goal. For example: if your goal is to eliminate your car loan within the next twelve-month window, it’s financial suicide to start investing your loan repayment money in equity instruments (stocks, equity-oriented mutual funds, etc.). […]