7 Ways to Avoid Debt Trap

The 2 Biggest Traps of Life are Marriage and Debt Trap :) Debt Trap is like a Chakravyuh, Its easy to enter but impossible to get out like Abhimanyu. Improper Financial Planning is responsible for falling into debt trap. There are few tips on how to avoid Debt Trap. 1. Avoid too Many Loans: As a thumb rule, EMI of all loans availed should not exceed 45% of take Home Salary / Net Income per month. If it exceeds this limit then we are inviting trouble for ourselves. If majority of loan portfolio Continue Reading

Impact of Budget on Real Estate

The Budget 2013 is very disappointing for real estate sector. There will be negative impact of budget on real estate. Though Real Estate is in bad shape as of now and was expecting much more from Budget 2013 but there is no effort from FM to revive and boost the sector. I am listing down impact of Budget on Real Estate sector. 1. TDS @ 1% on all Property transactions above 50 Lacs: This proposal was made in last year's budget also but later rolled back due to strong opposition. The objective behind Continue Reading

Retirement Planning – Non Conventional Way

Retirement Planning is most discussed but least understood topic in India. Until & Unless you have Government Job in hand, you have every reason to worry about your retirement. I will suggest that your Financial Advisor should be the last person in this world, whose advice you should follow regarding retirement planning. The Financial Advisor will prepare your retirement based on hypothesis and assumptions which does not hold true even after 3-5 years...The basic objective of your Financial Continue Reading

Aadhaar Card – Do i really need it?

Recently Govt clarified that Aadhaar Card or UID is just a number and not an identity card. Gotcha....then why do i need Aadhaar Card ? Answer is (a) To capture bio-metric details of all citizens and (b) To transfer cash subsidies. Again Stumped :) I will explain why Recently after purchasing a flat, i completely over hauled my Govt Identities so got 1st hand experience on how to get all valid Govt Id proofs like Ration Card, Passport, Driving License, Voter Id Card etc. In this entire process Continue Reading

Leadership Crisis – Able Leader or Good Administrator

Have you ever wondered why we don't have Indian MNC's? Some of you might be wondering its because of business environment in country or due to lack of Skill, Scale and Speed. Answer is because of leadership crisis at top level, we don't have Indian MNC's. You might be thinking that Airtel, Mahindra etc are MNC but Are they true MNC's like Microsoft, IBM, Sony or Apple. Today Leadership Crisis is one of the biggest challenge for any Indian Company. All organizations finds very difficult to identify Continue Reading

Delhi Rape Victim – Puppet in the hand of Media

Its a shame that we aspire to become superpower in 21st century but at the same time, Delhi Rape Incident show that our own citizens specially women are not safe in heart of National Capital. After Delhi Rape incident under severe pressure from Media & Public, certain intermediate steps were taken for women safety but problem is that we Indians have very short lived memory. Secondly rather then solving problem permanently, we believe in temporary fix to ease off pressure. I remember quite a Continue Reading

Online Discount Coupons – Save while you Shop

What about saving some hard earned money while Shopping Online through Online Discount Coupons...Sounds great :) Let's Check Out Personally i have almost stopped physical shopping as i found that i can save more if i shop online. On top of it additional discount of 20%-50% is a big bonus and can be handy in these difficult times of Recession. Some time back snapdeal.com and timesdeal.com tried to create paid business model out of online discount coupons on lines of Groupon but they failed miserably. Continue Reading

SAMPLE FLAT – Trap from Builder

One of the most beautiful trap laid down by the builder is SAMPLE FLAT. Human beings have 5 senses and all our decisions are dependent on 5 senses. While purchasing a under construction flat we completely rely on Sample Flat to decide. I would rather term Sample Flat as a Mirage or a beautiful deception. I will never recommend to finalize a under construction property based on deceptive Sample flat. Trust me you will never get a flat even 60% of Sample flat becoz of following reasons 1. Highly Continue Reading

Why you should not buy Gold Coins from Banks?

As i have mentioned in my previous posts also that we Indians are obsessed with Gold. You might be aware that it is mandatory to provide photocopy of PAN if investment in Physical Gold is more than 50k. Now more and more people are buying Gold Coins (Purchase is under 50k for obvious reasons). Secondly, Thanks to the Relationship Manager of the Bank (Also read Beware of Relationship manager) for pitching gold coins as one of the best investment avenue. Gold Coins remind me of Mahabharata where Abhimanyu Continue Reading

Why do we need Health Insurance Policy?

Most unexpected expenditure in Human Life is Medical Expenditure. Recently i underwent Major Surgery & my tryst with Indian Medical System was not so good (Financially). Thankfully i had Health Insurance policy and i was saved from Huge Medical Bills. Indians mostly prefer Private Health Care Institution over Govt Hospitals despite the fact that Govt Medical Services are Free or provided at very nominal cost. Reason is very simple "Quality". I need not to write much on same, you may visit any Continue Reading