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 […]
Resolution #6:I will grow my Net Worth by at least 2% month-on-month and by at least 30% year-on-year. I will grow my Financial Independence Portfolio by at least 3% month-on-month and by at least 50% year-on-year. With respect to my personal finances, I primarily track two key performance indicators: The Percentage Change in my Net […]
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 […]
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 […]
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 […]
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 […]
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, […]
Things are now back to how they were a month and a half back. Finally! We came back to Bangalore in the 2nd week of December and it took us a full week to set our house back in order. Amidst all this chaos, blogging took a backseat and I honestly apologize for such a […]