Own up to your IT consultancy's mistakes

IT consulting MAN...Tough job when things dont go as per PLAN...Something which will help ease the situation that we consultants may fall into.
Read more...Please get back with comments on it!!


This blog is an initiative to help the middle class community to ignite the Financial genius within them and motivate them to achieve Financial Freedom

Inability of Managing Finance(IMF)==???

Like we said in our last post we have provided the reasons below of having been infected with the titled disease and thoughts which will cure us from it...

1. Handicapped Education System
India's present education system can be explained in a one-liner as "Keep your mouth shut and eyes open". It lacks the basic funda of learning to have our Finance planned. Hence the common man lags in gaining financial knowledge on planning his future needs and has to depend on a Financial planner or other instruments in that regard.
2. Employee mentality
We have been taught since ages to get up every day and go WORK FOR MONEY rather than let our Money work for us. Every month we end up getting our consistent paycheck which is exhausted in paying our debt/expenses like loans, premiums, credit card bills, rents etc. Here we have a minimal amount left which only suffice to live hand to mouth. We are surrounded by a crowd from the same environment and so keep following the breed without understanding its limitations!!!
3. FEAR
The layman is afraid of taking risks. It takes contacts, access to information through blogs/magazines which requires investing time that most people simply do not have or are unaware of. They tend to be satisfied with their day to day lives and are accustomed to live in their comfort zones clueless of the upcoming Financial misfortunes!!!
4. Taxes
We only focus on higher wages, job switch and continuous hikes but are unaware of the gigantic amounts deducted in the form of taxes. Do we know just how much is really coming out of our pocket while we’re not looking?
Its not just higher salaries but well managed income, good financial planning which will help us preserve our hard earned cash. We also need to learn how to have taxes saved to the optimum level!!!
5. Early starters
Lack of Financial IQ never lets us start early investing. It has been proved that early starters alongwith regular investments always creates a handsome corpus to fulfill our future needs as well as sort out our retirement worries!!!
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This blog is an initiative to help the middle class community to ignite the Financial genius within them and motivate them to achieve Financial Freedom

Investing 101 from Warren Buffett

Here is a video which I came across on the internet.It may help readers and beginner investors to know three most important things Warren Buffett Looks in a business to buy.It also covers some of the must required qualities of a good investor along with a direct voice from Warren Buffett!!!
Read more...Hope you will enjoy it.Please get back with comments on it!!


This blog is an initiative to help the middle class community to ignite the Financial genius within them and motivate them to achieve Financial Freedom

Finance and the Framing Effect

I came across an interesting article on the current Market scenario by DEEPAK SHENOY...
Consider this statement:
"The Indian stock markets have grown 20% in the last year, with earnings growing over 18% on the back of an economy that grew 7%, among the largest growth rates in the world."

And then, in a piece from a newspaper where the sole editor was in a coma for two years:
"In the last two years, the stock markets have gone nowhere, at nearly the same levels of May 2008. Earnings have stagnated - the earning-per-share (EPS) of the Nifty has moved only 2% in the same period, despite the economy clocking growth rates of 6% or more. A fixed deposit in a bank would have done better."
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This blog is an initiative to help the middle class community to ignite the Financial genius within them and motivate them to achieve Financial Freedom

We, the STUPID Mango people(AAM AADMI)

Going through the fast paced existence of a middle class environment we found that we all have inherited a disease...


Symptoms:

• Searching for peace from the mental and physical struggles in our day to day lives
• Running short of time for oneself and one's family
• Continously working for money, running after pay hikes and job switches, trading hours for money
• Have a lot of dreams but find it difficult to turn into reality
• Habitual to swiping of credit cards
• Stuck in the middle of a never ending tunnel of debt
• Want to serve the society but short of time or money
• Left with no or minimal savings at the end of every month/financial year

If you find that you have been infected with any of the above symptoms,we bet that you are terminally ill and suffering from a contagious disease named IMF.Look out for more details on the cure for it in our next blog!!!

This blog is an initiative to help the middle class community to ignite the Financial genius within them and motivate them to achieve Financial Freedom