Summary: Let’s explores why some wealthy Indians, like a Mumbai millionaire who rents a luxurious Churchgate apartment despite a Rs.50 crore net worth, choose renting over buying to preserve wealth, prioritize lifestyle, and maintain financial flexibility. Home Affordability Calculator House Affordability Calculator Value of House You Want to Buy (Rs.) Take-Home Income Per Year (Rs.)…
Summary: In this heartfelt tribute, I share seven unconventional wealth-building habits my Nanaji taught me during Diwali, blending his timeless wisdom with practical financial strategies for lasting prosperity. Introduction Growing up in a small town, Diwali was always special for me. Not just for the lights and sweets, but for the lessons my grandfather (my…
Summary: Here’s my uncle’s simple money lessons from our chai stall chats, saving daily, investing wisely, staying patient, and giving generously, guided my journey from financial mistakes to building lasting wealth. Introduction There was a small chai stall near our college exit gate. After attending the full day lectures and practicals, that aroma of masala…
Summary Points: I explain the four quadrants: E, S, B, I. E and S mean trading time for money. B and I focus on systems and passive income. I share my journey from E to B and I. Small steps can help you move to financial freedom. Introduction Today, I want to talk about something…
Summary Points: Context: Inspired by a Business Today article, this post addresses the middle class’s financial struggles, salaries stuck at Rs.10.5 lakh for 10 years, automation cutting jobs, and rising debt as a structural issue. Problem: With 6.5% annual inflation, Rs.10.5 lakh today is worth Rs.5.36 lakh in real terms, while automation threatens repetitive jobs,…
Summary Points: You’re eyeing a Rs.1.2 crore house in Bangalore—buying means a Rs.50 lakh down payment and Rs.70,000 EMI, while renting starts at Rs.40,000 a month with an 8% yearly hike. Buying costs more (Rs.84 lakh over 10 years) but gives you stability and a potentially Rs.1.96 crore asset; renting saves cash (Rs.70 lakh) and…
So, I stumbled across this juicy little debate on Reddit the other day, and it’s got me thinking. Imagine it like this, a couple’s sitting down, probably over coffee or maybe a cup of tea, hashing out what to do with their investments. They’ve got 10% in cash, 20% in bonds, and the rest chilling…
Many people dream of owning their own home. But when it comes to buying a house, there are many hurdles, especially regarding finances. Most of us do not have the capital to buy a house in India (especially in tier-1 cities of India like Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Pune, and Ahmedabad). Hence, we…
🏡 Home Affordability Calculator Current Salary (₹/month) Current Rent (₹/month) Current EMIs (₹/month) Savings (₹) Loan Interest (%) Home Loan Tenure (Years) Calculate Affordability 📊 Results EMI Affordability:— Required Downpayment:— Home Price You Can Afford:— Fill the form and click calculate. Introduction The rent vs buy a house decision is a dilemma that the majority…
Financial genius are not the ones who knows everything about finance. Financial genius’s know the ‘right things’ People who have become very successful in money making knew the right things about finance very early in life. Even common men can grow and become financial genius. Handling money is in genes of humans. Riding a bicycle…
Why poor people stay poor? This is because poor do not know how manage money to become richer. Poor thinks that, only making ‘more’ money makes one rich. But this is not correct. One must attain financial independence first. Only after achievement of financial independence one can start getting “richer”. The difficult part is, the achievement of…
