Seven Money Resolutions for 2011:
#7 — Organizing My Personal Finances Better

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Resolution #7:I want to keep my personal finances better organized. Though I write a lot about managing your personal finances, I often slip-up when it comes to managing my own personal finances. For example, some time back, I wrote a series on organizing your finances. These thoughts originally arose from a personal need for organizing […]

Seven Money Resolutions for 2011:
#5 — Continue the Good Money Practices Followed In 2010

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Resolution #5:I will continue the good money practices that I followed in 2010. I practiced a few disciplined money management techniques over the course of 2010 and I found these techniques to be incredibly useful in helping me manage my personal finances. I will carry these good practices into 2011 refining further where possible. I […]

Seven Money Resolutions for 2011:
#4 — Work Towards True Financial Independence

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Resolution #4:I will work hard towards becoming truly financially independent. I want my money to work for me and not the other way around. So, what exactly is financial independence? Freedom from financial reliance on loved ones. Freedom from financial reliance on creditors. Freedom from financial reliance on employment. This still is the best definition […]

Seven Money Resolutions for 2011:
#3 — Purchasing Life Insurance: Think BIG; Start small

Posted 12 CommentsPosted in Finance

Resolution #3:I will buy term life insurance online. Because I’ve only had terrible experiences with life insurance agents and medical diagnostics laboratories, I will purchase a simple term policy online. I will also ignore all those complex financial models that tell me that I need to insure myself for crores of rupees out of the […]

Seven Money Resolutions for 2011:
#2 — Purchasing Disability and Personal Accident Insurance

Posted 7 CommentsPosted in Finance

Resolution #2:I want to purchase disability insurance (commonly called personal accident insurance) for both myself and D. I strongly believe that once you have the foundations — an emergency fund, health insurance, and zero-debt — in place, your next step ought to include having a disability or personal accident insurance in place for each family […]

Seven Money Resolutions for 2011:
#1 — Strengthen My Core Personal Finance Portfolio

Posted 9 CommentsPosted in Finance

Resolution #1:I will strengthen the core portfolio of my personal finances. I consider the following elements to be the core building-blocks of my personal finances: Emergency Fund, Health Insurance, and Zero-Debt. A big emergency fund, adequate health insurance, and freedom from debt, are what let me sleep peacefully at night. I still recollect that night, […]