Engineer's Finance

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 →

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 →

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 →

When I go for shopping I do end up paying more than what I had planned to do. I thought these are things that I do, probably you may also. It is better I share these with you so that you make a conscious effort not to spend more.

Always keep a list of things to buy:

You don’t go shopping without a list. It is always good. If you have a list then I am sure you won’t forget anything and also you won’t buy things that you don’t require. If you are single then I am sure that it won’t be a big hurdle but if you are married then these small things do make a big difference in long run. These are the small drops that are going to make a big ocean. If you have a proper budget then I am sure that you will buy only essential things since you would have planned up everything but I am sure you are into budgeting seriously. Don’t shop without a LIST. Continue reading →

Dear Readers,

I am delighted to share some of the good news regarding this site. It is my pleasure to share with you these findings.

1. I have got more than 5k page views in 3 months after starting the site on July 14 – 2008.

2. My Subscribers base is 35 readers as of now.

3. Page Rank of my site is 2. (This is really cool for ME!) Continue reading →