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The Money Masters

July 27, 2011 2 Comments

I had trouble sleeping last night and so watched ‘The Money Masters’ on the internet.I found this documentary pretty biased.But that’s not to say that the narrator didn’t make some good points.

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wealthymatters.com If you have just bought your CIBIL credit report and need some help understanding it or if you are considering forking out for one and want to know what you will get,the following write up is for you:

Here is the information found on a CIBIL CIR:

Payment history

Days Past Due (DPD) appears in the account(s) section of your CIR. It appears with one other piece of information — the month and year of payment. DPD indicates by how many days a payment on that account is late that month. Anything other than ‘000’ is considered negative by a lender. Up to 36 months of this payment history (with the most recent month displayed first) are provided in this section. Read more of this post

Filed under Paper Assets, Theory, Tool Kit Tagged with CIBIL, CIR, collateral, credit, credit history, Credit Information Report, credit report, current balances, current income, days past due, doubtful loan, DPD, EMIs, extent of debt, fees, financial obligations, free copy of CIR, late payments, loan approval, loan sanction, loans, loss, new credit facilities, payment history, postaday2011, RandomBlog2011, RBI asset classification norms, reputational collateral, standard loan, substandard loan, uncollectable

5 Habits of Financially Successful People

March 9, 2011 1 Comment

Here is a piece I found while surfing at Wise Bread.com wealthymatters.com http://www.moneymanagement.org/Community/Blogs/Blogging-for-Change/2011/January/Five-habits-of-financially-successful-people.aspx Check if you have the following criteria in place if you are serious about being financially successful.

What is the true definition of financial success? Although it varies from person to person it can usually include: the ability to pay bills without worry, being free of debt, and having enough money in savings for things such as emergencies, family vacations, retirement, college funds, and more.

Being financially successful is easier said than done. There are no quick fixes or magic formulas for achieving financial success. Financially successful people understand the difference between wants and needs and how to create clear financial objectives for achieving their goals. Below are five habits of financially successful people. Read more of this post