Engineer's Finance

Please read the Part 1, before reading the Part 2.

Rule no. 3: Don’t be emotional

Don’t be emotional when you make money decisions. It never makes any sense to me and I am sure it is same for you also. In the initial days of investing in stock market I made stupid mistakes. These mistakes were due to the fact that I was using my heart and not my brains. I use to have loads of emotions while buying and selling stocks. At times I used to blindly believe that some stock will go up and some will go down. These were terrible mistakes. I have burnt my fingers in that. But the fact remains that it is the same with you as well. Don’t do that. Continue reading →

These are not the only set of rules to increase your wealth. These are just my thoughts as to how to increase your wealth. These rules I have set to myself and I want to share the same with you.

Rule no. 1: Set the goal

This is the most important step in the direction of increasing your wealth. It is very difficult to make a path without knowing the destination. I have had always this problem of not setting the goal and roaming aimlessly of doing something. Then I realized it is very important to set goals and if you don’t know how to set goals, read up about goal setting or attend courses about goal setting. It is very important. Goals are as important as wealth. If you know exactly where you want to go and when you want to reach you will make sure that everything falls in place for you and believe it or not it happens knowingly or unknowingly. Continue reading →

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 →

A loan that does not require the principal amount to be paid off within a specified period of time. These loans are usually in the form of a short-term line of credit that is routinely renewed leaving the principal remaining outstanding for a long term. This kind of loan is very beneficial for the banks and other financial institutions. Continue reading →