Ramesh Chandra is a famous businessman who used to be a billionaire. He built himself from ground up. He owned a Private Ltd. company and loved betting in real estate industry. With profitable ventures of 1980s, he laid the foundation stone for a well-known real estate company Unitech. He was worth over 11 billion USD at his peak in 2007. As the crash of 2008 unfolded, Unitech’s prominence dropped to an all-time low and real estate industry in India came to a drastic halt. It cost Ramesh Chandra nearly 90% of his net worth. This basically marked the end of Ramesh Chandra. During the same times, another businessman had a different experience. Vijay Mallya  is a lucky inheritor of vast amount of wealth. His father Vittal Mallya

All of us dream to be rich. To live in a palatial house, to own a fleet of sports cars, to make heads turn with respect and admiration when we enter a room, etc, etc. Let’s face it…all of us dream about being rich, being successful, making it big in life. And hence, getting rich is usually our end destination…the finish line towards which we are racing…the point where our stories are supposed to end with the line ‘and I lived happily ever after.’ etched on it. You believe in this too. Think about it. But my question is -  is it true? Is getting rich really the last milestone of your life? The end of your journey? What happens if you win a lottery, or

Our thoughts control our actions and thus our life. Ever since we are born, we are programmed to do things in a certain way only. But it’s important to ask yourself- Is your mental approach to finance keeping you broke?  A bad money mindset can become a hurdle between you and your financial goals. Let’s try to break out of our bubbles and see money from a different perspective. Most people, even financially educated ones have this notion that having a strict budget in place is a must. Following this rule religiously will bring a time when the budget, which was supposed to protect you will become a burden. A budget is a diagnostic tool, NOT another debt hurling on your head. Don’t turn it

Let us start with the definition of the word ‘dare’, shall we? In common parlance, ‘dare’ refers to the courage to do something. But we have previously never really linked success, money and being rich with ‘courage’ or bravery, have we? No. We haven’t. We have connected success with hard work, with patience, with intelligence, with experience and a lot of other things. But courage? Why does one need courage to be rich? And how is it that even though some people do not end up being rich but can dare to be so? Let’s look at the heading of this article in a different way. Let’s say, all those who dare to be rich might not end up being rich. But all who are rich

Irrespective of the kind of earning you have each year if you want to join the rich men’s club then you ought to put in a lot of things besides mere saving and a pay raise. The old schools methods of making money can give you a comfortable and prosperous lifestyle but once your ability to earn more money is affected you end up being broke again. All that you look up to then is your retirement policy and with a perpetual saying and thinking “I cannot afford it.” It is the right combination of time and money that helps one to be rich. No time to invest Most people think that the harder and longer they work the better are their chances to make money. In

Most of us tend to cling on to certain things in a particular way just because we have been taught to do so. Particularly when it comes to money, we feel so unsafe at all points of time that worries deprive us of the real pleasure that money is capable of bestowing on us. We feel threatened when we lack money and rush for accumulating the same without exactly knowing the real rules of the money game. Get out of the addiction  Some situations I came across in life made me feel that I have become highly addicted to money. When this realization dawned on me, I exited out immediately to understand what it really means to have money and how I can become richer rather than

The sense of scarcity of money is one of the root reasons of all money problems around the world. The utilization of money has grown immensely over the last three decades, but for most average humans in the globe, the mindset around money has not changed at all. Here’s the simple ways on how you can change your money mindset and thus be rich! Rule 1: Savings Doesn’t Make You Rich The scarcity of money is the reason why throughout our life we always intent to make big savings. Accumulation of money for a certain time is a stereotypical money mindset. Rather invest in shares, properties or mutual funds- where with little effort you can actually multiply your money. Rule 2: Check Your Expenditures A monthly budget plan