21/10/2008
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Personal Finance

Bankruptcy Explained

I got the following article in my mail. I thought of sharing it with You as well.

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Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.

1) There were 3 citizens living on this island country.  A owned the land. B and C each owned 1 dollar.

2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.

* The net asset of the country now = 3 dollars. Continue reading →

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20/10/2008
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Random Thoughts

Poverty

I hope you have heard of blogactionday. On 15th October, it was about Poverty and about 13k bloggers around the world wrote about Poverty on a single day. It was overwhelming that all the people think about a single topic. It was really nice to see so many people share their views on Poverty. I read many blogs that participated on blogactionday. Some of them were interesting and some were not all that great. I did not think much about the Poverty and struggles since I feel it is all part of the game.

I know to an extent what Poverty is, what poverty can do to people. But that should not make anyone lose their dreams. I have a positive attitude towards life. I have seen people struggle and become financially stable. They have come up from poverty to become one of the few wealthy guys. It is nice to see them and learn from them. Life throws you many challenges and it is up to you to handle it. It is your life and it is you who decides what can happen to your life, if you lose the game you can’t blame on someone else except you. Continue reading →

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19/10/2008
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Financial Goal

Financial Goal – 7th Week

Oh God.. What a week it was! Investors lost crores and crores and I was no exception. I was seriously worried with my money. I never expected that market will go so low.

On Monday Oct 13 markets opened at 10874. It closed at 11309.

I thought markets are getting back due to various reasons like RBI infusing loads of funds into the financial system, US bailing out the banking system by providing more than 700 billion dollars. I was thinking things might go fine. I bought shares on Tuesday. Things were seeming bright.

On Tuesday Oct 14 markets opened much higher at 11777. It closed at 11483. Continue reading →

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15/10/2008
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Personal Finance

Financial Tips

I wanted to convey some financial tips to you. These are just tips but it does give you a good idea about how you should plan things and which needs to be given importance. The importance on tips is solely based on your discretion.

Set a Financial Goal: be as diligent about money as you are about your career.

Train yourself to be financially independent: don’t allow yourself to become reliant upon other’s decisions, and become involved in long-term financial planning.

Fund your retirement account: an important step for you. Continue reading →

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13/10/2008
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Personal Finance

Noticed the Changes in Rs 5 coin

Today during the lunch, there was a discussion regarding the coins and I told them that the Rs. 5 coin had indeed changed; many had not noticed it or were not bothered about it. I was quite surprised when I first saw the coin. It was not usual metal that was used and it was stainless steel. What does this indicate? Ever thought about it?

Let me brief you some of the details that I have gathered. Every coin that is minted by RBI has some purpose and meaning to it. The symbols, size and the dimensions play a dominant role. Usually every coin has a unique feature, why this is implemented? It is for the benefit of visually challenged person. They should be able to make out from the size and the dimensions easily the value of the coin that they are having. Continue reading →

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