It's a very simple hack. Suppose you pay 30% tax on your earnings. That means, if you earn 100 bucks, you pay 30 bucks in taxes. Your net earning is 70 bucks. Now, whenever you spend, why not add the taxes you have paid to that amount? For example, you want to spend 10 bucks… Continue reading A Simple Hack to Spending Less
You must have heard from your friends that there is no point of saving money today. We do not know anything about tomorrow. I have. Plenty of times. From friends and family alike. I thought that it is a good reason to present a case for financial freedom. Why do we really need to be… Continue reading Making the Case for Financial Freedom
I love the idea of financial freedom and wealth creation. There are many like me who love and adore the concept. However there seems to be a huge lack of awareness around us. Through my blog, I have taken a small step towards reducing the awareness. Picking brains of like-minded people is great first step… Continue reading #PickingBrains Interview With Route2Fi
Like I mentioned in the newlestter last week, I have been reading a lot about Elon Musk. I've covered almost 900 pages of material largely from the book written by Ashlee Vance (the book is heavily discounted on Amazon right now) and all of WaitButWhy's posts. I learnt a great deal about various things from… Continue reading Elon Musk’s Letter To Employees – Insights on Markets and Investing
Even though my rate of savings have been on the higher side for the last few years, I have been constantly finding avenues to increase the rate of savings. I could save in liquid funds but that would not amount to long-term savings. Ofcourse there are people who can hold money for more than five… Continue reading Top 3 Money Locking Hacks
Napoleon defined military genius as "The man who can do the average thing when all those around him are going crazy." Average things are boring. Boring things are not intellectually stimulating enough (in the wrong ways). They don't give us the adrenaline rush. My rules for a boring life. a. Mediocre skills required to create… Continue reading Very Boring. Works Like Magic.
I will be 30 years old in 2020. I have learnt enough over the last 10 years about managing finances. There is a lot to learn yet but here are my tid-bits for anyone who wants to get serious about handling their money. Here it goes - Be A Literate - Learn to Deal With… Continue reading Take Ownership Of Your Money – Grow Up or Die Poor
A question which has been haunting me for a while now. I had an argument with a relative who wanted me to spend a large amount of money on my wedding. All he had to say was "Why do we earn money? Only to spend on occasions like these". Why do we earn money? Ask… Continue reading Why Do We Earn Money?
I have one uncle. He invests like everyone else. However, he has a different approach to investing than most of us. Can you guess what? He considers his monthly investing as an expenditure. Let me explain how. We all have monthly household budgets. We plan all our expenses in advance. We plan our purchases in… Continue reading Household Investing Budget
"Chop Wood. Carry Water. Chop Wood. Carry Water." Wu Li, Zen Mater I understood early in life that you have got to increase your savings overtime to end up with enormous amounts of wealth. I never knew that behavior plays a large part in wealth creation that returns. It has been only in the recent… Continue reading Filling those behavioral gaps