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

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[sniplet SMR-2011-Update] 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 […]

An Update to My Seven Money Resolutions for 2011:
#6 — Performance Benchmarks

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[sniplet SMR-2011-Update] 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 […]

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

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[sniplet SMR-2011-Update] 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 […]

An Update to My Seven Money Resolutions for 2011:
#4 — Work Towards True Financial Independence

Posted 6 CommentsPosted in Finance

[sniplet SMR-2011-Update] 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 […]

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

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[sniplet SMR-2011-Update] 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 […]

An Update to My Seven Money Resolutions for 2011:
#2 — Purchasing Disability and Personal Accident Insurance

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[sniplet SMR-2011-Update] 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 […]

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

Posted 5 CommentsPosted in Finance

[sniplet SMR-2011-Update] 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 […]

Guest Post: Last Opportunity [in 2011] to Invest in Infrastructure Bonds (Under Section 80CCF)

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The following is a guest post from reader Nikhil Shah and deals with the intricacies of investing in the soon to close investment opportunity in L&T’s Infrastructure Bond issue along with the income tax angle. Earlier this year, Nikhil had also put-up a detailed analysis of the previous L&T bond issue. Dear All, The year […]

Tweets on 2011-12-21

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An excerpt from an interview published in a recent issue of Outlook Money: The biggest challenge for my company [Star Union Dai-ichi] is how to sell Ulips and give good returns to our intermediaries who are our corporate agents. At present, big banks that are giving us distribution business includes Bank of India and seven […]

Tweets on 2011-12-16

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Mutual funds today provide helpful tools like systematic transfer plans that can help the investors achieve the derisking objective with ease and convenience. Read in the December 14, 2011 issue of Outlook Money. I wonder why they even consider publishing such expert commentary. As an investor, have you ever had a “Derisking objective that you […]

Finance Made Easy: How Appreciation/Depreciation of the Rupee Hurts/Helps Capital Advisor (and Exporters and Importers In General)?

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[sniplet facebook reposts] [sniplet finance-made-easy] Suppose, on Capital Advisor, I place (i.e. sell) a sponsored ad at a going rate of USD 100 (I wish!) per month. In a sense, I’d qualify as an exporter because I’m offering some kind of service (ad space) to a foreign entity. To begin with, if on November 01, […]

Asked and Answered: Earning Interest On Your Public Provident Fund Account After Maturity

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Reader Subrata writes-in: My Public Provident Fund (PPF) account shall complete the original term of 15-years plus an extended term of 05-years in February, 2012. But I’d like to withdraw the balance only in September, 2013 to coincide with my retirement. Will my PPF account continue to earn interest in the interim period from February, […]