Assets
In business and accounting, assets are everything of value that is owned by a person or company. It is a claim on the property your income of a borrower. The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. The two major asset classes are tangible assets and intangible assets. Continue reading
I was wondering why the employer has to hike his employee’s salary on a regular basis. Why can’t he just be paid the same amount all his life? Will that be such a big issue? Why does an employee need a salary hike year after year? If the employee is not paid any hike this year what would happen to him? I guess it is the economy that plays a dominant role in the salary hikes rather than the performance of an employee.
Salary hikes are given to the employees so that he has got enough spending power and he goes on spending money and thereby boosting the economy. A economy is said to be good only when people spend lavishly and the prices of the goods are in common man’s reach. It shows the sign of prosperity. Most of the companies today are laying off their employees as a measure of cost cutting. Continue reading
Paycheck is so very important for every person who is in job. The person in job gets the paycheck at the end of every month for the struggle that he has put and the work he has accomplished. The guy who works hard for money eagerly waits for month end to get the paycheck. He will be waiting desperately. The month begins with a nice 4-5 digit salary and by the end of the month it comes 2-3 digit balance. Most of the employees in the firms have a similar lifestyle. Continue reading
The irony that I see in most of us is that we don’t want to work but we do. The reason we give is for bread and butter. I have quoted that many a times for my own needs. I know it is foolish and stupid to say something like that but I do. This is just the frustration that I have because of lack of money. Once my needs are taken care of, my wants starts and it increases day by day and to fulfill the wants I need more money and one of the easiest ways to make money is work for money. But in reality my whole thinking is wrong, however hard I try to make money by working hard for someone else, I won’t be able to meet my wants only my basic needs will be met. Continue reading
Money Matters are mostly forbidden on the table in most of the Indian houses. The parents think that it is not a worthy topic to discuss while having food. These topics are not taught in school as well. Schools focus on scholastic and professional skills, not on financial skills. Isn’t it necessary for everyone to develop financial skills? One can notice that there are many successful professionals who earn a very nice income but they end up struggling financially. It does not matter how much you earn, what matters is how you manage your money. Continue reading
Engineer's Finance 