Your guide to financial Indpendence in Goa
I think it’s a season for me to write about current affairs. India seems to be a hotbed for a lot of crises. Environmental, social but also a ton of economic crises. What with rising NPAs (Non-performing Assets) in the banking sector. But multiple incidents where retail investors have lost their life’s savings. Think about it. What would you feel
Continue reading
One day without water for us is a crisis situation. A lack of water on an ongoing basis is an economic as well as environmental disaster. But can you do something to help in this crisis?. How can help in saving water in India?
Continue reading
I procrastinated endlessly in taking control of my finances. 2 years ago, as I was quitting my previous job, I realised I had almost nothing to show for the 3 odd years I worked there. But how do you go about beating this procrastination monster?
Continue reading
Theory is all great but lets look at what you can do practically. Here are 5 tips you can use to cut your expense by 25%. None of these are going to be easy, but none are going to be impossible either. Asses them with an open mind and challenge your comfort zone.
Continue reading
I loved two and a half men. Charlie Harper was probably one of the most hilarious characters I’ve seen in a long time. We all laughed at his antics. Who doesn’t like the lovable drunk living with reckless abandon? But have you for a minute stopped to think that your life might be a lot like Charlie. Minus the gambling,
Continue reading
Buying a cheap product does not necessarily mean you’re getting the best deal. Especially if its something you will use on a regular basis. work out how much it’s going to cost you to own maintain and operate ( lifecycle cost) and you might come up with a completely different picture.
Continue reading
Marginal gains add up and this is the story of how we hacked our electricity bill by over 50%. The first thing you need to do is measure. We were averaging a bill of 1100 INR a month regardless of the season. In the summers this used to spike even more. Weve gotten it down to under 500 INR the last few months. So here are the things we did that helped us put our electricity consumption on a massive diet.
Continue readingIf someone asks you the question what’s your savings rate do you have an answer? What if someone asked you what your fixed monthly expenses are? OR if someone asked you what your net worth is? A simple rule we learnt in management is you can’t manage what you don’t measure. The same rule applies to our finances as well. So what to do you start measuring and how do you go about it?
Continue reading
So what’s this talk of Assets and Liabilities you say? Are we going to get into a commerce class and discuss where each of these items go in your P&L (profit and loss)? Well not really. We will paraphrase and use some simplified versions of Assets and Liabilities for us to be able to better manage our finances.
Continue readingWe spend the money from slaving at a job on the most ridiculous of trinkets. Things that well probably get bored from over the next few months. This is exactly when need an intervention. A big one at that. We need to teach our brains the skills needed to manage money.
Continue reading