Why it is important to hire HONEST persons

Recently I had to audit a small establishment. No…not in the course of my work. I am not a CA. But due to a moral obligation…well…here it goes….I was informed about misreporting of sales in a small establishment and consequent embezzlement of cash by the cashier. It is a small business where customers will never…

HOW BEING SIMPLE CAN DAMAGE THE ECONOMY :)

This topic is about how being simple (for example cycling) will boost the financial freedom of an individual(cyclist by choice) but at the cost of the present day economy. (Pun intended :)) Daily cycling will keep an individual healthy….less job for doctors, nurses, etc…no benefit to pharmacies, hospitals…in turn less benefits for chemical, packaging industries……

FINANCIAL FREEDOM AND THE ADVANTAGES OF JOINT FAMILY SYSTEM

In India, there exists a culture of Joint Family System. “Joint Family” means the parents alongwith with the families of their children live together in a single household unit, which may include 2 or 3 generations. Even though the numbers are reducing rapidly, the culture of “Joint Family” system still exists in many pockets of…

INVESTING AND “THE STORY OF THE BUNDLE OF STICKS”

Once an old man who thought he would not live long, called his often quarrelling sons and asked them to bring some sticks. He then tied the sticks together and gave the bundle to his youngest son. “Can you break that bundle of sticks?” he asked. The boy tried, but couldn’t. Then the other sons…

INVESTING – BEWARE OF COPYING “BIG” INVESTORS

Take for example, you decide to INVEST Rs.5,000/- per month. You buy 10 shares of a company for Rs.100 on 01.01.2018. On 20.01.2018, you found that the value of the share to be Rs.75. What will you do? Panic and sell, or accumulate more of it. Well…now let’s start from the beginning…in the first place…