wealthymatters

Savings Bank Accounts With Benefits

January 2, 2012 Leave a comment

wealthymatters.com Since the RBI deregulated the interest rates on savings bank accounts last October,it’s possible to make a bit more on the liquid cash we must all keep for day to day use and emergencies.Here is a link to a web page that keeps track of which bank is offering what on its savings bank deposits:http://www.ratekhoj.com/savingsaccounts/results.php.Also,here is a little development the people at ratekhoj.com seem to have missed:http://www.thehindubusinessline.com/industry-and-economy/banking/article2737752.ece.And to save on banking fees consider opening a zero balance account with IDBI Bank etc, where the fees on various services like issuing of DDs have been waived.

PS Karnatka Bank now offers a 5% interest on its savings bank accounts.

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Written Goals And Plans

January 1, 2012 Leave a comment

wealthymatters.com What better time to make new resolutions than the first day of the New Year?But be certain to write these resolutions down along with a plan of how to accomplish these goals.Since today is a Sunday its hard to plead a lack of time.And if it all seems so much extra work here is a little something to change your mind:

In the book What They Don’t Teach You in the Harvard Business School, the author,Mark McCormack tells of a study conducted on students in the 1979 Harvard MBA program. In that year, the students were asked, “Have you set clear, written goals for your future and made plans to accomplish them?” Only three percent of the graduates had written goals and plans; 13 percent had goals, but they were not in writing; and a whopping 84 percent had no specific goals at all.

Ten years later, the members of the class were interviewed again, and the findings, while somewhat predictable, were nonetheless astonishing. The 13 percent of the class who had goals were earning, on average, twice as much as the 84 percent who had no goals at all. And what about the three percent who had clear, written goals? They were earning, on average, ten times as much as the other 97 percent put together.

So why wait?Join me in penning down goals and plans for 2012