Bloomberg Billionaires List


wealthymattersThe Bloomberg Billionaires List consists of a daily ranking of billionaires by net worth.You can access it here http://topics.bloomberg.com/bloomberg-billionaires-index/

What I find interesting about the list is the daily fluctuations in these net worth figures.Obviously,these figures are for staggering amounts of money simply because these people are so wealthy.But as a percentage of their net-worth it’s not all that large.This is in huge contrast to the “financial advisers” who so glibly talk about “true investors” being comfortable with upto a 50% drop in portfolio values.It’s obviously easier to play round with and/or lose someone else’s money. Read more of this post

Temple To Get Rid Of Debts


wealthymattersThis short post is for all the people who reached my blog today searching for the temple to go to for getting rid of bad debts quickly.

The Kadan Nivartheeswarar Koil,a Shiva Temple at Thirucherai near Kumbakonam , TN is believed to be the temple to go to for debt relief.

Mondays are believed to be special for Lord Shiva. So Lord Shiva as Kadan Nivartheeswarar,has to be worshipped for eleven consecutive Mondays here to get rid of debts. If you can’t stay for eleven days,then while visiting the temple you can register your name (mention your birth star, gothram, names of your other family members and their birth star) for the archana (chanting) that will be performed on eleven Mondays. The cost for this is Rs.165/-. The prasadam is sent every week and will reach you every Wednesday/Thursday for eleven consecutive weeks. At the end of the eleventh week, or at any later date, you can visit the temple and take part in an abhishegam (ablution) that is done every Monday. Read more of this post

Random Thoughts On WordAds


Since last Sunday,Wealthymatters has been sporting WordAds and I’m pretty pleased about it.I signed in today to find the WordAds in a little box and I think it’s much better than the previous format.And the videos are pretty neat.

I have always been drawn to the idea of doing something once and deriving a benefit from it for a long time.Earning from ads on a blog fits the bill.And the more passively I could do it the better.

But that was theory.I really didn’t see myself qualifying for any ad programs.I just didn’t believe I had the readership for it.And everything I was reading on the WordPress Forums merely reinforced the belief. Read more of this post

The Most Expensive Real Estate In The World


wealthymatters

Monaco – $5,408 PSF Read more of this post

How To Shift Between Simple And Compound Interest Rates


wealthymattersNow that banks and other financial institutions are having to compete to raise deposits from the public,quite a few are resorting to a bit of window dressing.They quote annual yields,annualized returns or simple interest rates instead of compound interest rates for multi-year deposits.

Now a simple interest rate looks more impressive than a compound interest rate over longer periods of time ;so do check what sort of interest the seller is offering before locking your money away at a rate that looks great.

Here is a simple step-by-step way  that you can use to mentally estimate the compound interest rate that is equal to any simple interest rate. Read more of this post