Monthly Archives: June 2009

29/06/2009
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Personal Finance

Interesting Facts

These are some of the facts that I have collected over the years about money which I thought I will share it with you. I don’t have the source from where I have the following information so please forgive me for not providing it and I don’t take the ownership of the following information.

In olden days Spanish coins were known as pesetas and centimes. There were fifty centimes coins, and also coins of one and two and one half pesetas. The coins carried the portrait of Francisco Franco. Italian coins were called lira. Continue reading →

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28/06/2009
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Personal Finance

Deflation

These days India is facing deflation. I was curious to know more about it; hence I found that out and am sharing the same with you. Deflation is opposite of inflation. The definition of deflation can be put as the real value of money increases. Inflation reduces the real value of money over time. Continue reading →

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16/06/2009
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Work

An Interesting Article

This is a mail forward which I got recently. I have no opinion about it. Just thought of sharing it, that is it.

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Some, rather most organizations reject his CV today because he has changed jobs frequently (10 in 14 years). My friend, the ‘job hopper’ (referred here as Mr. JH), does not mind it…. well he does not need to mind it at all. Having worked full-time with 10 employer companies in just 14 years gives Mr. JH the relaxing edge that most of the ‘company loyal’ employees are struggling for today. Today, Mr. JH too is laid off like some other 14-15 year experienced guys – the difference being the latter have just worked in 2-3 organizations in the same number of years. Here are the excerpts of an interview with Mr. JH:

Q: Why have you changed 10 jobs in 14 years?
A: To get financially sound and stable before getting laid off the second time. Continue reading →

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15/06/2009
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Personal Finance

Equated Monthly Installment

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EMI stands for Equated Monthly Installment. This has become the mantra for many retailers and also banks. The financial institutions are ready to give loan to buy anything under the sun and collect the amount back in EMI.

Many people think that it is a good way to possess things or gadgets. It is not a good way. It is a very bad way and if you keep doing that then I am sure you will be in deep trouble. I had the privilege of checking my friend’s repayment schedule of his two wheeler loan. To my surprise, the principal amount was not decreasing at the same rate as that of interest. Continue reading →

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09/06/2009
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Personal Finance

Retirement

I was reading an article regarding retirement today and this provoked me to write an article on the same. I have not planned way too ahead of my future. I have planned for next 3 years or so financially. I know this is not a big thing but for me it is. I was not having a goal as to do what and now I am happy that I have a goal and a rough plan as to what to do next.

I am sure many of you would have not bothered about retirement just like me. I am just 25 now and I think it is way too early for me to think about it. But the truth is, the sooner I start thinking about my retirement the better it will be for me. Yeah I know it is way too early to start thinking about it but it is a good move. We might think it is not necessary and we can start it at a later point of time and I am sure that later point of time will be very late. Continue reading →

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