andysfinancial

PERSONAL FINANCE MUSING 31 PLAY WITH NUMBERS- III FUN WITH THE RULES OF TRIPLE 15, 50:50 AND 5:25 Let me commence the post with the good news that my “author’s page” on Goodreads is now active. I will urge you to please visit my page and leave your comments on the book. For those who are not aware, Goodreads is the world’s largest site for readers and book recommendations. All the great books ever written can be discovered on Goodreads. I am providing the link for easy access below. https://www.goodreads.com/book/show/41086867-musings-of-a-financially-illiterate-father We are on to the third and concluding part of the trilogy of posts on “play with numbers”. It has been quite a discovery for me as well as I do my research to bring to you these fun numbers and I hope you are finding practical applications for the same. Since this post is in continuation of the last two week’s post, I am providing links for the sake of continuity. https://andysfinancial.blo...

PERSONAL FINANCE MUSING 30 PLAY WITH NUMBERS- II PRUDENT FINANCIAL PLANNING WITH THE RULE OF 72 Let me begin with good news. My book “Musings of a Financially Illiterate father” has been selected for a launch at the prestigious lit-fest “Valley of Words” at Dehradun on 24 Nov 2018. The session will include the book launch, author’s interview, and Q&A session. For a debut author, it is indeed a rare honor and I thank all of you for spreading the good word about the book. We are on to the second part of the trilogy of posts on “play with numbers”- actually quite amusing, considering that it is coming from a “math illiterate” person like me. Anyway, that is what life is all about and there is no harm in pursuing one’s interest/hobby even late in life. It can provide an intellectual boost to the “job routine” in which most of us fall, as also can open new vistas in life and career like I have experienced in my own case, having written a book on personal finance a...

PERSONAL FINANCE MUSING 29 PLAY WITH NUMBERS- I SOME FUN FINANCIAL PLANNING WITH SIMPLE MATH           Out of all the subjects that I studied in my school, math was something which I truly feared, nay, detested. I somehow endured this subject till my High School and then quickly shifted to Biology in my Intermediate. As I have moved on in life though, I have realized that one can’t divorce oneself from math or numbers, to be precise. As my interest in personal finance developed I started to look at math rather fondly, the abstract numbers started making sense to me, for they could be used to prognosticate and predict financial future, rather accurately. Today, in this post I will introduce you to some fun facts with numbers with which you can play around and yet derive tangible outcomes which will prove crucial to your future financial planning. Rule of 72           Though ast...

PERSONAL FINANCE MUSING 28 THE MAGIC OF SMALL SAVINGS- III THE LATTE FACTOR AND SIGNIFICANT PURCHASES We get on to the last post of our trilogy on the magic of small savings and how, when compounded over a long time, these can grow to a humongous amount. In the last two posts, we have covered the journey of tips on small savings including the interesting concept of “Gazingus Pins”, which was appreciated by many. For the sake of continuation, I am providing the links below. https://andysfinancial.blogspot.com/2018/09/personal-finance-musing-26-magic-of.html https://andysfinancial.blogspot.com/2018/09/personal-finance-musing-27-magic-of.html Let’s begin with the “Latte Factor. The Latte is a metaphor made popular by David Bach in his book “The Automatic Millionaire”. The Latte Factor essentially refers to small but regular spending on things which appear trivial in the short run but counted over a period of few years/decades, have the potential to seriously impe...

PERSONAL FINANCE MUSING 27 THE MAGIC OF SMALL SAVINGS- II THE GAZINGUS PINS AND MASLOW’S HIERARCHY OF NEEDS We continue our journey of discussing the magic of small savings and how, over a long period of time and with the magic of compounding, they can grow into a humongous amount. We discussed a few simple ways to save up to Rs 3 to 4,000 per month in our last post including examples of what size this seemingly small amount can grow to. I am providing the link to the post below for continuity. https://andysfinancial.blogspot.com/2018/09/personal-finance-musing-26-magic-of.html I am a fitness freak and love my early morning jogs/walks and visits to the gym- they are almost religious to me. What I also enjoy is tracking my progress on wearable fitness devices- I currently own four of them, of different shapes and sizes, with different characteristics. In fact, the only thing that I regularly follow during online window shopping is fitness devices- my shopping cart ...

PERSONAL FINANCE MUSING 26 THE MAGIC OF SMALL SAVINGS- I FIRST STEPS TO THE JOURNEY OF THOUSAND MILES My book, “Musings of a (financially) illiterate father- a common investor’s guide to wealth creation and retention is scaling new heights every day besides generating a buzz and having great sales. The book is now available in e-format too on Kindle, Kobo, i-books, and Google. I will urge you to continue to share this post too as my book has been specially written to teach the alchemy of wealth creation and retention to our children-they deserve to learn it. Please support this mission of financial literacy by reading and recommending this book. The link is given below. https://www.amazon.in/Musings-Financially-Illiterate-Father-Investors/dp/1643247263?tag=googinhydr18418-21&tag=googinkenshoo-21&ascsubtag=2cd97bc1-4bb5-4954-8f55-6fbb7070d8b9 My book is also being covered extensively by the Print Media, the latest being an interview by “The Pioneer” o...