Timeshare Holidays: Smart investment or a money pit? Few years back, my friend Lucky got a call from a representative of a leading timeshare holiday company. “You have won a free holiday for two nights in the domestic location of your choice” said the female voice.
Want to know if you can really afford something? Try saving for it. When we are wondering if we can afford something, the simple mistake most of us make is that we think in terms of our monthly earnings.
What trees can teach us about investing Like growing a Chinese bamboo tree, there are no instant gratifications. You need to stay put and keep the faith in equities.
The only investing TIP you need to follow Just following this ‘tip’ will take care of a large part of the execution towards creating long term wealth.
Signs you are not making enough money Here are the signs which will let you know if it’s your income to blame. A combination of some of these signs will establish the need to prop up your income levels.
Can you afford a pet? Pets – be it dogs, cats, birds, turtles or rabbits - are adorable and bring unconditional joy into our lives. Many of them don’t cost much to purchase. However during its lifetime its owner shells out a considerable amount.
What saving Rs 1000 a month is worth? Rs 1000 today can be put to use in many different ways, but let’s see what kind of value it adds to your life if you were to look back a decade later.
Are you spending too much on your wardrobe? How to know if you are spending more than necessary on your clothes?
Have you experienced loss aversion? It is the propensity to be more sensitive to a loss than being happy about alternate gains. Its prominent not only in lifestyle activities but also in investing.
How much health insurance cover should you take? Assuming eight percent inflation, medical costs could quadruple over the next two decades. A surgery that costs Rs 4-5 lakh today could become Rs 20 lakh over the next two decades. While a cover between Rs 5-10 lakh is adequate for a young family today, it needs to be regularly topped-up – to match the rise in health care costs.
Capitalise on the sharing economy. Rent anything and save big. People like Shekhar are increasingly capitalising on the rise of the sharing economy. It’s not just house, but furniture, washing machines, TV, wedding jewellery, iPhones and pianos that are increasingly being taken on rent.
Till when should I rent? When should I finally decide to buy an apartment? Many argue that why not own your own place considering the high rents? We want to counter that, renting may be the wiser approach until you reach a particular financial position.
