Can You Really Afford A Car?


wealthymatters

A car is commonly classified as an asset.However,any person who is reasonably financially sophisticated will understand it’s not that great an asset as it quickly depreciates in value.

Unless you are running your vehicle as a taxi and turning a profit,your personal car is a liability that loses value and saddles you with expenses related to maintenance,repair,parking,storage,fuel etc.So in many ways,owning and using a car is most often more about convenience,comfort,status and vanity.

Adrian has an interesting post on how much to spend on stuff like your cars:Link.I recommend it to you.

Based on its experience of lending money country-wide,the State bank of India,has recently increased the eligibility limit for loan issuance for salaried individuals for car purchases from 2.5 lakh per annum to 6 lakh per annum for non-SBI bank account holders. And for  SBI account holders, the limit has been raised to 4.5 lakh p.a. Read more of this post

A World Class Education On A Budget


wealthymatters

A quality education gives us a head start in life and improves our capacity to earn more.A look at  the infographic to the left shows us that even acing the JEE doesn’t get us Indians to the best universities.

For that purpose we need to get to the US or the UK.Now if you manage to convince a top 10 university to have you over,you need money to pursue your education.If you are talented and work hard,apply at all the right places for scholarships and then manage to bag a few or convince the university to waive tuition,you are still going to have to come up with travel costs and some living expenses. Working abroad is an option,But be prepared for low level jobs and crazy hours to be juggled with course work.

However,the tuition fee and living expenses are not your only challenge.Embassies and High Commissions want to ensure that you are not a migration risk.So they want to see that you have substantial family ties and preferably property and businesses or well paid jobs to return to back in Indian,before they issue you a visa.

If you don’t have all these things in sufficient measure or don’t care to take crippling education loans to pursue a foreign degree,there’s still a couple of mid-way solutions.A first is to pick an Asian campus or some other country campus of these leading universities.Singapore and Dubai along with places like Cyprus and Greece are places to consider.Also over 340 institutes in India are offering courses in collaboration with foreign educational institutes.So you can do a couple of years in India and a few semesters abroad where your Indian course-work is given full credit by the foreign university.

And things are just going to get better.The government has allowed the top 400 universities worldwide as per Times Higher Education,Quacquarelli Symonds or Academic Ranking of Shanghai Jiao Tong University,to set up campuses in India without an Indian partner

How To Find Your Niche?


wealthymatters“Ignore the conventional wisdom. If everybody else is doing it one way, there’s a good chance you can find your niche by going in exactly the opposite direction.”-Sam Walton

Sam Walton On Dealing with Failure


wealthymatters

How To Organize A Bloggers Meet To Promote Your Business?


wealthymatters