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Continued from Part 1 4. Have an emergency fund You must save at least your 6 months expense equivalent in an emergency fund which you can liquidate in 48-72 hours. I would advise opt for some good rated liquid mutual fund for this. Also you can consider short term bank FDs. Please never invest this money in stock, mutual fund and in any real estate .Because all these are risky .Increase this fund by the percentage equivalent to every year. To create this fund set a rule in your salary account to deduct 5k from your account to a recurring FD or to a liquid mutual fund every month. Ex: Suppose your monthly expense is 30k .Then you saved in emergency fund 30*6=180k.Next year suppose you will have a kid and expense increase to 40k.Then this fund should be increased to 40*6=240k 5. Control your expenses .try to live a lean life as much as possible. Control your instant gratification and avoid loans Hence please cut your expense as much as possible. Remember one day...

You are reading this blog means you have an aspiration to become rich….. Wish you  Good luck   in   your  future   endeavours…. In this materialistic world everybody wants to become rich ….. Isn't it! But very few know the way to find this….. I completed reading the book “think rich and grow rich” by Napoleon Hill, “ Rich Dad Poor Dad” by Robert Kiyosaki and in the mid of reading another awesome book “the richest man in Babylon” by George S. Clason. Just could not stop myself from sharing the secrets with you. Though these books were written almost a century or half a century back, I will try to co–relate this with our modern age. Coming to the point, my back ground is from IT. So I will give you an example of people mindset from this field. As a software engineer I saw people going crazy of working from onsite and making quick money by earning dollars or any other format of currency whose value is stronger as compared to Indian...

Many times while investing in stocks as retail investor we usually think, if this is a Tata group company, then it must be good… If this is Birla Group Company then we can invest in this safely!!!! But guys in real world things are not so green and sweet …. All that glitters is not gold!! Today I am going to discuss with you about 2 such companies. 1.     Hindalco (Aditya Birla group Company) 2.     Jet Airways  Guys here I will discuss less and let you to go through the below video, so that you will get a sense of the financial health of these 2 companies. If you check in NSE, you will find many like these  J So what is your Bankrupt and defaulter company???? Disclaimer: It is not a stock buys or sells recommendation. The names of the companies are mentioned just for educational purpose. Please do your homework before investing in these companies.

Guys, here I am going to give you a rule for doubling your money J Please don’t take me wrong …I am not going to advertise some Ponzi scheme for doubling your money… Already in market there are a lot of scheme which comes as a temptation to you and you burn your hard earned money in that to lose out of your greediness…. I am going to tell you a simple mathematical rule to know how long will it take for you to double your money in this material world. The rule is Rule 72!!!!! Yes friends using rule 72 you can calculate on a fly the duration for doubling your money. Note: However it is an compound approximation and applies to small amount of money. Suppose you deposited Rs 100/- bank deposit with 8% compound interest rate. So it will take 72/8= 9 years to double your money!!! An illustration is as below: Interest Rate (%) No of Years to Double Your Money 1 72 2 36 3 24 4 18...

Warren Buffett , Who is this guy???? He is world’s greatest stock investor and comes under top 3 richest people. Businessman and investor Warren Buffett was born on August 30, 1930, in Omaha, Nebraska. Investing by age 11, Buffett was running a small business at 13. Buffett later started the firm Buffett Partnership in Omaha, with huge success. In 2006, Buffett announced that he would give his entire fortune away to charity (est. $62 bil.), the largest act of charitable giving in United States history. So Buffet is going to invest in India Stock market!!!! A lot of enthusiastic. If Buffet is buying those stocks so we will also buy the same J J J Next question you may have, when Buffet is going to invest???? Yes, Every time he is investing …. He has shared his principles, if we follow them then we can …… In case Buffet will come and start buying stocks from NSE ,what would be those stocks he will buy ….. Before that I need to make a gist of Buffet Invest...