Changing Spending Habits of Indians


Changing Spending Patterns Of Indians

 

Here’s some help in comparing your spending with that of the majority of the country.Also you can use the information to project your own spending patterns in future.Being wealthy means you can live off passive income.So accurate expenditure projections are essential to ensure that living standards remain at at desired levels w.r.t. the rest of the population.

The graph above also points to potential areas to start businesses in and companies whose stocks you can invest in.

The Elephant In The Room


Implosion Of Asset Prices

 

Keep these words in mind when you stock up on bullion,land,real-estate etc.Always spend a while thinking how you will liquidate the assets you propose to purchase and at what price.Killings are made when you buy not so much when you sell. Read more of this post

Lesson From The Samudra Manthan


wealthymatters

Learning From Samudra Manthan

Don’t be distracted from pursuing your goals.

Big Business Style Legitimate And Bona Fide Transactions


wealthymattersLicences and large sunk costs are entry barriers.And its small wonder that big money always want to grab licences.Even if businesses are not built round licences,licences are tradeable and so there is always a scope to grow one’s money by doing so.Also owning companies allows people to be part of interesting deals.

After studying the Radia tapes and investigating the matter, the Serious Frauds Investigating Office has uncovered the above money trail.The accused parties maintain that these are legitimate and bona fide real estate transactions.Watching how the case proceeds through the courts and how the political class deals with it,is going to be very educational.

The Navratnas


Old Masters Nabratnas 1Old Masters Nabratnas 2The Indira Gandhi government declared the nine artists above as Navratnas and deemed their works of art “national treasures” through a legislation passed in 1972.The Antiquities and Art Treasures Act specified that from the date of enactment of the law, the works of these artists — some of whom were active in the Indian independence movement as well — were not to be taken out of the country. Most of the works of these artists today are displayed at government-run art galleries in India while around 3,000 others are in private hands. Because of this legislation, very few of the works of art created by the Navaratnas — only those that had been bought by foreigners before the enactment of the law — could be displayed at galleries or put up for bidding at auctions abroad. This is why names such as Rabindranath Tagore and Nandlal Bose have not got the kind of exposure, particularly over the past three decades, that a Hussain or Mehta commands today. This also meant that while the best works of the younger generation of artists began to command their price in crores, the works of the Navaratnas — the few that have been traded or bid for — sold at a fraction of that. Read more of this post