Engineer's Finance

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 →

Money is an essential commodity. I don’t know how many of you will be agreeing with me but it is just a commodity which is traded by one and all for something in return. Money is like any other commodity but the only difference is that it does not get perished as long as you believe in it and assume that it can be exchanged. Money functions as a medium of exchange, a unit of account, a standard of deferred payment, and a store of value. The dominant form of money is currency. Continue reading →

Investment Consultant is an awesome job. All that one has to do is describe the financial product make claims of getting great returns and that’s it. The average investor in every one of us is so happy and we make the commitment to throw away the money at the financial product. How many of you have ever thought about these?

I get at least two calls daily from various consultants asking for whether I am interested in investments in other words it is asking, I am going to siphon out your hard earned money, are you willing to give it away?

Continue reading →

I was reading this article on rediff.com. I don’t understand what rediff wants to achieve by posting these kind of articles.

The article says to beat inflation, a person has to increase his income. Nothing is clear in that article. All that I could make out is rediff is churning out articles just because it has to. It does not say how to beat inflation or how to increase income. It says increase your income so that you can beat inflation. I am sure whoever read it would have thought what is this all about.

Increasing the income, rather than decreasing the expenditure

Continue reading →

This picture depicts the typical mindset of an average investor. I was one of them.

How about you??