Saturday, November 21, 2009

Road to Financial Freedom

It is not how much you earn that makes you rich. You can be earning Rs 300,000 per month, but if you are spending more than that amount, you are still poorer than the person earning Rs 30,000 per month and investing Rs 10,000 out of it.
Have a plan for financial freedom and every month first pay your asset column before making any other payments. This will soon become a habit. Your asset column is anything that gives you income - and be very clear, the big home you live in is not an asset, but instead a liability. So take regular steps forward towards financial freedom and ultimately riches.

If you need any help in building a financial plan do contact me at

Sunday, October 25, 2009

Mind Your Own Business

Most breadwinners spend their lives minding someone else’s business and making that person rich. Even if you are self employed, your time is spent in serving your clients. Every month, do spend some time on your own business, which is building up your own assets.
Real Assets are:
1.Businesses which do not require my presence
2.Income Generating Real Estate
4.Mutual Funds
5.Bonds, Fixed Deposits, etc
6.Royalties from intellectual properties
7.Anything else that produces income

Saturday, August 8, 2009


Understanding Financial Planning
Financial planning is the process of meeting your life goals through the proper management of your finances. Basically as the name implies, financial planning is "A PLAN". The plan should work whether the markets are up or down, whether you are earning or lost a job, whether you are sick or well, even whether you are alive or dead.

Saturday, July 25, 2009

Three Prongs to the Financial Planning Process

In any financial plan there are three legs, like the three legs of a stool. If any one of them is absent, the stool can topple over.

These are:
1. Protection
2. Saving
3. Investment