Wealth is an abundance of valuable Assets, Possessions or Money. To become rich, you have to build a wealth at a rate higher than the rate of depletion. The risk reward of building a wealth is equally balanced. Higher the probability of wealth creation more is the risk of losing it. As an investor, you have to adopt the method to build a wealth in which risk reward is more favorable for investors. For example, currently any investment in Real Estate is not favorable to build a Wealth. Investors who bought property in 2013 or 2014 are in loss. The loss will increase manifold if we consider the ... Read More
Chit Funds – Flexibility to Save and Borrow
When i was kid, i used to eagerly wait for 5th of every month. Sharp at 7:20 PM, i used to be in front of Chit Fund office to participate in 7:30 PM Chit Fund Auction. My mother was regular Chit Fund Member. In North India, Chit Fund is also referred as "Committee". The incentive for me was 50 Rs additional pocket money to attend Chit fund Auction on behalf of my mother. I understood this scheme at early age of 10 years as i was very active participant. Let me explain the same from my experience. Chit Fund is nothing but group of members or investors, who pool money for fixed period. Lets ... Read More