Why Get Yourself A Few Credit Cards?


wealthymatters,comHere are the reasons to get a credit card:

1.There are some businesses which will accept payment by no other means.And asking to borrow someone else ‘s card is not always an option.

2.There are some societies where they are so ubiquitous that if you don’t have one you raise suspicion about your identity, character, creditworthiness and ability to pay for your purchases.

3.Stupid as it is,there are a lot of places where you are judged by your cards ,their exclusivity and their limits.This is a lot like being judged by your clothes,your accessories,the vehicle you drive and the accent you sport.A FU attitude is not always an option…… conversely, if you are feeling the need for a bit of power dressing,your cards will again come in handy. Read more of this post

The Parallels Between Business And Poker


 wealthymatters.comI had quickly tripled my starting stack in a cash game but, just as quickly lost it on a series of bad beats; bad calls (by them, not me); and bad luck.

When you’re running hot, you feel invincible.

When you’re running cold, nothing that you do turns out right.

… and, your poker bankroll quickly slips away.

Well, it’s pretty much the same thing in business and personal finance:

Your investments and/or businesses are ‘on fire’ … the market’s running hot, and – if you’re smart – you cash out at the peak, building up quite a bankroll.

Maybe you even reach your Number.

What should you do then? STOP and smell the roses!

But, the trouble is, greed and the adrenalin kicks in … you believe that you’ve got the Midas Touch. And, you push for the next project.

… and, that’s the one that gets you.

You know, market downturn, bad luck, bad advisers, etc., etc. sob, sob, sob.

 

-From 7million7years.com

 

Historic Sensex Ratios


wealthymatters,comMemory has its limitations.If ever you want  to step back and go over historic P/Es,P/B and Dividend Yields of the SENSEX to get a better grip on things, here are the links:

1.For P/E link

2.For P/B link

3.For Dividend Yield link

Merry Christmas !


wealthymatters.com

The Best Areas To Make Money


Wealthymatters,comWhen you are next on the lookout for a new way to make money,fetch a paper and draw the Venn Diagram to the left.

Next introspect to fill up the various sets and subsets.

Talk to family,friends,colleagues and mentors,if possible, to fill in what you might have missed.

Then pick what looks like the most productive avenues to focus your effort on.

Rank them as per your preference and start on the first.

Persist till you have a sustainable break.

Continue to work in this line till you want to  try something new.