10 lifestyle traps that you should be wary of

Chasing lifestyle may be good for your self esteem, but chasing it indiscriminately without worrying much about your finances can soon put you on the road to financial doom. Unfortunately, this can happen even if you have lot of money to begin with. It is not uncommon to hear of celebrities occasionally going bankrupt. Isn’t […]

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Expenses that can set your financial plans back

It is good to have a financial plan. It enables you to have financial resources ready when you may need them. At the same time, it enables you adapt your lifestyle in alignment with the desired goals. But the ride is not always as straightforward as the excel sheets with projected expenses & rate of […]

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When you should invest in home … And when you shouldn’t

Buying a home is a big decision for many. While it often gives a sense of security, it is also a huge financial commitment. Unfortunately, many of us jump into “investing” in home soon after getting a stable income, without even being “ready” for it. This is often driven by need for a sense of […]

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Are you in a virtual debt trap?

Have you ever been in a situation where you have savings to buy something, but choose to buy it taking the loan/ EMI route? If the answer is NO, you are hopefully taking a right approach towards your financial life. If the answer is YES, then you are in a virtual debt. And you are […]

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19 financial mistakes to avoid in 2019

As the new year begins, I wish everyone a very Happy New Year. I am hoping that this year, I’ll make better financial decisions and hopefully people reading this will also do so. One good first step can be to avoid making bad financial decisions and keep improvising. Here are some financial mistakes one can […]

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Major roadblocks to achieving financial independence

The road to achieving financial independence can be intimidating for the uninitiated. However, once on this path, once can realistically hope to achieve at least partial financial independence at some point in life. Right approach is important for achieving financial independence. At the same time one needs to be cognizant about the factors that can […]

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How can you be on the path towards financial independence?

In my earlier post I talked about financial independence.   Here, let me elaborate on the steps one can take to be on the path to financial independence. While complete financial independence may not be achievable for everyone, with right approach one can at least try to achieve partial financial Independence.   Here are the […]

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What is financial independence?

Hearing the term – F.I.R.E – Financially Independent and Retire Early is not very uncommon, and it is also not uncommon to find people having achieved that or aspiring to achieve that. Are you one of them?   Financial independence is basically having enough assets that they can take care of your expenses for rest […]

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Worst loans and debts that you should avoid

Giving loans is a lucrative business. Business of banks and financial institutions rely on people taking loans and then repaying it, thus giving them profits. Many have built a fortune based upon giving loans. Loans also serve an important function for the economy by being a facilitator to businesses, housing, automobiles and other elements of […]

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Basic principles of handling personal finance

How you handle your personal finances can go a long way in determining you overall financial well-being. If you are good at handling it, you can be on path to financial independence even with a decent (not necessarily high) income. Conversely, if you don’t handle your personal finances well, you may end up never being financially independent even though you may be making tons of money. In this post, I’ll be sharing my take on basic principles of handling personal finance!

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