For Whom Wealth Matters
July 21, 2011 Leave a comment
What better person to tell you how to become wealthy than one whose name is a long term fixture on the Forbes List?Here are Warren’s tips on how to get rich,put together by Alice Schroeder: Read more of this post
July 18, 2011 Leave a comment
If you ever hear a spiel that goes something like this:Staying invested in the market for the long term ,through various cycles ensures that investors get rich.Unfortunately at the first sign of trouble most mutual investors run.Then the fund house has redemption problems and long term investors like you pay for the weakness of these short term investors.But if you go for XYZ scheme,there is a lock-in of n years so no matter what happens investors can’t flee easily,so ABC wise fund manager can work his magic and give you extraordinary returns.And BTW this fund is now floating its NFO.If you delay you can’t benefit from this good scheme for n more years-Be skeptical.Very skeptical.This salesperson might just stick you into a dud investment you can’t exit easily. Read more of this post
July 18, 2011 Leave a comment
If your seriously interested in being wealthy here is a poem to commit to memory:-
July 17, 2011 Leave a comment
I happened to watch this movie today. Quite a few people recommended it to me.It’s a really short flick at 7 minutes.Here’s a link to it:
http://www.facebook.com/video/video.php?v=1970751271115.
Personally I felt really sad watching it.I was struck by how differently well-to-do parents interact with their children.The movie might be realistic and show pretty much what happens in real life.But why not change our reality by changing our behaviour? Read more of this post
July 17, 2011 12 Comments
The CIBIL TransUnion Score is India’s first credit score for individuals.It is a three-digit numeric summary (ranging from 300 on the lower side to 900 at the higher side) of a consumer’s credit history, compiled from information received from lenders who are members of CIBIL. The model followed by CIBIL predicts the likelihood of an individual missing more than three payments on a credit line over the next 12 months. For the last few years banks have had exclusive access to this score.Now individuals too can access their CIR and credit score for Rs450.
To understand the impact of the CIBIL TransUnion Score on an individual’s loan application we need to take a look at the table below.It shows loans sanctioned by loan providers based on an individual’s CIBILTransUnion Score in 2008 and 2010.
wealthymatters 