Planning Fallacy: Have you read about that flyover in your city which was supposed to be completed in 2010 but is yet to get completed? There are several such projects in India and abroad. India’s Ministry of Statistics and Programme Implementation says that as many as 340 infrastructure projects, each worth Rs. 150 Crore or
How to Avoid Planning Fallacy In Financial Planning | My Money Sage Read More »
Parkinson’s law When they read Parkinson’s, most of the people think of Parkinson’s disease. However, here I am talking about the Parkinson’s Law. This law states that “work expands to fill the time available for its completion.” This was written in 1955 by Northcote Parkinson, a British naval historian and author. All of us might
How the rich defy Parkinson’s law | My Money Sage Read More »
Mahabharata Mahabharata is one of the greatest and most loved epics in Hindu mythology. This was written by Sage Vyas. The story is about the war between the Kauravas and the Pandavas. It’s a good vs evil, virtuous vs vile story. The story helps you to differentiate between the good and the bad. Your grandparents
7 Investing Lessons From Mahabharata Read More »
8 things to consider while choosing the right insurance company You buy your insurance policy from a reputed insurance company and will continue to pay premiums for several years. So, it’s a long-term relationship. But do you know whether that insurance company will remain solvent when you make the claim on your policy? Here’s how
Choose the right insurance company Read More »
HNIs Financial Planning Is making your wealth grow so difficult? Of course! It is a lot of hard work, especially if you have a huge surplus. Being a High Net-worth Individual and having a lot of money to handle is common. When you have a lot of money, it will not be easy to re-arrange
Why HNIs Need Financial Planning | My Money Sage Read More »
Company Deposit Defaults/Frauds An interest rate of 11-12 percent per annum for a period of 3-5 years seems pretty lucrative. Moreover, if it comes from a deposit, it appears safe. No wonder investors rush to buy company deposits. These are fixed deposits issued by companies that include manufacturing firms and Non-Banking Finance Companies (NBFC). What
Here is how to handle company deposit defaults/frauds | My Money Sage Read More »
Heard about that investor who hates losses? Well, almost all investors hate to make losses on their investments. Most of us feel twice the pain when we make a loss on an investment than when we make a gain. This is known as loss aversion bias. Click here to be a part of myMoneySage Elite
How many Bank Accounts you should have? With individuals changing jobs often and banks making it easy for them to open a salary account, an individual today might have a number of Bank Accounts. Is this a good trend? Not exactly. Click here to be a part of myMoneySage Elite an exclusive community to the
How many Bank Accounts you should have | My Money Sage Read More »
How to Include Charity in Your Financial Plan The concept of charitable financial planning is popular in international markets. This is now gaining popularity in India. There are many reasons why you might want to give money to charity. It could be because you want to help the needy or it could for your own
Here is how to include charity in your financial plan | My Money Sage Read More »
Money Lessons From Robert Kiyosaki Heard of the book Rich Dad Poor Dad? The author of this book is Robert Toru Kiyosaki. Thanks to his financial knowledge, he has been able to come out of bankruptcy. Here is his story. Click here to be a part of myMoneySage Elite an exclusive community to the elite
Money Lessons From Robert Kiyosaki The Author of ‘Rich Dad Poor Dad’ | My Money Sage Read More »