Many of us especially accountants and people who are well educated have a feeling that we are so much literate about money. But issues of money are very challenging. You need to take some discipline, accept your condition because there is no good medical doctor who treats themselves. I have a mentor, tax consultants and investment advisers. I seek their guidance every time I need to invest say in stocks. Keep asking yourself who is that person who provides you guidance about how you invest your money for your retirement? Many people are putting money into agriculture. When it comes…
Personal finance part2: why paying fees for children isn’t an investment
The biggest cost any average person incurs is living expense. And if you haven’t carefully planned for your incomes, you might end up having all your expenses in the living expense. Living expense includes leisure, food, utilities, clothes etc. It is likely that all the money meant to be invested for your future, you are putting it into living expense. Living expense are not critical needs. When we say someone is needy, it means they can’t meet their minimum requirements. But if you are spending money into things that are more of life style and leisure, you are eating your…
How do you make decisions?
Most people especially leaders make decisions based on hearsay. Hearsay might be good but it can’t be a basis against which you make decisions. You get hearsay to provide a foundation against which you collect the facts and confirm. You have to be very concerned with somebody who says I am telling you this thing but don’t tell the other person. That is not good. If you are a leader who keeps encouraging this kind of behaviour, you create room for hearsay and lies. You begin feeling annoyed. You are not getting the opinion of the other person who is…