Why financial literacy efforts do not work well ?

Picture by Fabian Blank In big picture, if you really look at it, the power/money structures do not want the general public to be good at finances. Look at our society- we are awkward, ashamed and it is a taboo to talk about money in our families. Why? because we think money is secondary -the… Continue reading Why financial literacy efforts do not work well ?

Compound interest is in your interest.

Here's an example of the power of compound interest.Let's say you put a fixed deposit of Rs.100,000 in a bank account which gives you 7% annual interest.You absolutely do nothing else. You let it be in the bank account to accumulate with the interest year after year. In 10 years, you'd have Rs.200,000. You doubled… Continue reading Compound interest is in your interest.

Daily collections at small shops (unbanked)

A man in motor cycle jacket and helmet comes in to the shop and shows a yellow card printed with rows and columns. The shop owner reaches for his drawer, pulls out a similar yellow card. Shop owner gives Rs. 1500/- to the man. Both of them scribble on their cards, swap them, and smile… Continue reading Daily collections at small shops (unbanked)

Advise on shares

Like everything else in life, share market in any country follows the nature.It's just like our ECG test. There are ups and downs. That is the way of nature. If we have a flat ECG curve, we are dead. Likewise stock market goes up and down. Up and down. All the time.There are plenty of… Continue reading Advise on shares

First things first.

The world's best brains are recruited to create wealth in lucrative industries. Banking, insurance, stock market, information technology, medical, nuclear, retail and so on. They make it so lucrative for their shareholders with complex models and systems that we seem to be at loss of faith and words to explain what we get in to… Continue reading First things first.