Readers Please Be Aware

wealthymattersThis is a post I feel compelled to do after an unfortunate incident yesterday night.I thought I’d sing like the blackbird and make my boundaries clear.Link

First off,wealth building is a primary motive for me.Link

Secondly I believe that want and poverty, like suffering are optional and totally unnecessary.I think Dhirubhai had it right when he said:“If you’re born poor its not your fault but if you die poor its your fault”.Think!our mental abilities ,which we are born with, are not as far apart as our wealth positions.Also some of the world’s wealthiest people are self made.

Thirdly I believe that people can learn to be wealthy.Link

I blog to maintain a personal record of stuff I find useful in wealth building.Its also my attempt to leave a record for my family,long after I am gone in much the same way as I find the old business papers of my ancestors illuminating.I choose to make the blog public as I’d love for others to benefit from my efforts in any way possible.I believe that wealth is not a zero-sum game.Wealthy people,simply by being,help increase the wealth of people round them. Read more of this post

Be Hands-On In Money Matters

wealthymattersEvery day,these days,scores of businesses are opening shop in the financial advisory space.Their siren call is ‘Listen to us!Give us your  money.Then relax,take it easy or go off and make more money.We will ensure you get rich and have have a great worry free life.Your family will never want for anything in this life.’Each of them have propitiatory tools and processes that they claim are magic wands that will ensure your financial well being.

The problem here is that personal finance is fundamentally personal and varies from person to person.There is a huge value component that these companies gloss over.Most of them will tell you that you need to build a corpus for your children’s education and marriage,your retirement and to take care of providing for health care.Many have readymade numbers for these goals.A few more will throw in planning for a home purchase,car purchase and perhaps a foreign vacation.But is this what you really want?Perhaps you want multiple homes in multiple locations?Maybe you wish to build them yourself,with your own hands.Log cabins anybody?How many of these plans allow enough flexibility for you to be yourself and do what you really want to do?Since it’s plans that are being sold,do planners really want to go beyond the cookie cutter variety and put in more effort?Do they have the competence to dish out advice for unique goals? Read more of this post

%d bloggers like this: