Tag Archives: Manage Money

GOLD – The precious Metal

History of gold prices (in rupees):

1930: 180 per 10 gram
1940: 360 per 10 gram
1950: 1000 per 10 gram
1960: 1110 per 10 gram
1970: 1840 per 10 gram
1975: 5,400 per 10 gram
2000: 3,000 per 10 gram
2006: 5,400 per 10 gram
2009: 15,700 per 10 gram.

Gold surprisingly gave 300% returns from 1970 to 1975 when world suffered worst ever recession after great Depression. Will the history repeat? That is the reason behind current “Mad Gold rush”. But if you invested in the Gold in 1975, your investment gave negative returns for the next 25 years. Continue reading

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Paycheck

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

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When to start saving and investing?

I have this question in my mind for some time now. I don’t know when is the right time to start saving and investing. I am sure many of us would have gone through such a phase at least once during the life time and many go through it daily like me. I always decide that I should invest and save up but land up in spending.

This is a very common behavior in young guys like me without any commitments. It is hard to save up or invest without any commitment or obligation. Generally I have noticed that guys give money to mom or dad to manage it for them and they are happy earning and asking parents for money when they require it. I am not against it but it is not a good sign moving forward. Continue reading

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What is your worth?

The economic meltdown is a cause of worry for many people and I do agree that it is a bad phase in most of our lives. Today I read that the software engineers who were hired by WIPRO were asked to work for BPO and they all revolted and now WIPRO has given four days to decide on the situation.

What would be your call on such a situation? I would be really very disturbed and paranoid about the whole situation. But really I won’t be thinking too much. If I really feel that I want to make money then I would just take up any job but if I want to make a career then I would really think hard and decide. I don’t know how many people have thought about their career and all that. I was not very clear how my career should go on for the first two years. Now I know where I should head to. Once that is clear I think everything else will fall in place. Continue reading

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Business and Superstitions

Business always brings in superstitions. I have seen that in many cases. Businessmen might not believe in all these superstitions if it had not hampered their business. I have seen many people in business because of these superstitions. A close friend of mine is in business and he always keeps a small white stone in his pocket while going for his business deals. (Strange!!!????) Continue reading

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