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Using Data To Build Wealth - Incisive artciles baed on data and facts

Category: General

Personal Finance Rule 3 – Max out all forms of PF

This short post reiterates the importance of an essential debt component of any portfolio in India – Employee and Public Provident Fund.  This is a companion post to the India version of Harold Pollack’s Index Card – Pollack’s Index Card: All the financial advice that you ever need – India version. While there are different […]

Personal Finance Rule 2 – Pay your credit card bills in full

Person with credit card terminal

This short post reiterates the importance of avoiding an extremely harmful behaviour for your financial health – carrying credit card debt.  This is a companion post to the India version of Harold Pollack’s Index Card – Pollack’s Index Card: All the financial advice that you ever need – India versionPromotion Very simple rule – Pay […]

Personal Finance Rule 1 – Save 30% of your income

This short post describes a possible savings target in India – 30% of post tax income. This is a companion post to the India version of Harold Pollack’s Index Card – Pollack’s Index Card: All the financial advice that you ever need – India versionPromotion The right Money Equation Many young earners ask the question […]

Benefits of Compounding – Visualizing the Eighth Wonder

Compounding effect

In popular imagination, Albert Einstein is supposed to have called compound interest as the eighth wonder of the world.  He did not say any such thing. Nevertheless, compounding indeed is very beneficial for your financial health.  This short post provides a few ways to visualize the effect of compounding.Promotion First, the formulae Simple interest is […]

BASICS of Investing – Five steps before you start

A lot of people are interested in ‘Investments’  to create assets. An often asked question is how to begin investing. In this short article, we look at a sequence of steps in this process, with an easy to remember acronym – BASICS – Budgeting, Annual Cash Flow, Saving for Emergency, Insurance, Corpus calculation, and Start […]

Dialing back on mutual fund dividends – A Welcome Development

Mutual fund dividends have been used in interesting ways in India. It is public knowledge that the dividends in mutual funds are not the same as dividends from stocks. Unlike dividends from stocks, mutual fund dividends are paid out from the fund corpus itself – any dividend then decreases the Net Asset Value of the […]

Overnight Funds – A good choice for safety

Debt mutual funds are promoted as products that give ‘better returns’ than fixed deposits, while being quite safe. This is of course not true. Debt funds carry more risks than bank deposits.  Another popular misconception is around one category of debt funds – Liquid funds. They are almost universally (mis)regarded as a direct alternative to […]

Pollack’s Index Card: All the financial advice that you ever need – India version

Index Card for India The original Index Card for personal finance was published by Harold Pollack here: Index Card  It became quite popular and the author co-wrote a book on it.  In a great episode on Freakanmoics Radio, Pollack listed the rules this way.  The transcript can be found here  (Search for Pollack if you […]

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