What Makes Businesses Fail Financially
via Trizle by The Trizle Team on 10/25/09

Why did companies fail during the 2008 financial crisis?

It went like this:

Loan mofo: “We want our money!”
Leveraged mofo: “We don’t have money!”
Loan mofo: “We will kill ya”
Leveraged mofo: “OH NOOOOOOOOOOOO!”

When the economy tanked, companies that failed had loans that they couldn’t repay.
What Will Make You Fail
Debt — especially the long-term ones with variable interest rates — will suck you down, and will be the main cause of your impending failure.

Google avoids long-term debt.
Microsoft avoids long-term debt.
Apple avoids long-term …

Being half hearted makes no sense, agree!

Begrudging
via Seth's Blog by Seth Godin on 10/25/09

I don’t know if this happens to you, but I’m noticing it more and more. Someone offers you a refund, or agrees to sell you something or even hires you to do a project, but then spend a lot of time explaining that it’s a one time thing, or that it’s against policy or it’s not even something they like to do.
What’s the point of agreeing to anything begrudgingly? Does it get your partner to do …

October 23, 2009
Posted: 23 Oct 2009 08:14 AM PDT

“Never tell me the sky’s the limit when there are footprints on the moon.” -Unknown

A lot of people find self-imposed limits comforting. If you only believe a brief list of options is possible, you’re not failing by staying within your comfort zone; you’re merely being reasonable.
Unreasonable people make things happen. They dream big dreams and risk pursuing them. They see how things could be, not just how they are. They don’t believe “can’t” until they prove it themselves.
Be …

RupeeManager is a easy-to-use personal finance software to manage your money. It primarily helps organize one’s finances and keeps track of where, when and how the money goes and comes.

Measuring something has an uncanny tendency to improve it. And that’s what RupeeManager helps you to get started with.
Other than tracking your earnings and your expenses, it is important to see if your money is working for your future. We have a feature where you can allocate your income among fixed expenses, discretionary expenses, short term savings and long term investments. …

The following are the posts for improving my financial IQ. Posts are relevant to India.

All Retail Financial Products to go “No Load” by 2011 in India

Open Letter to Kamesh Goyal, Bajaj Allianz Life Insurance CEO
Personal Finance Websites in India
Competencies Required to Invest in Stock Markets
Coming Soon! Rupee Manager Workshops Near You
How to Teach Personal Finance to Kids
Thank You, You Are Invited!
RupeeManager: Assign work for your Money
Introducing India’s Online Insurance Community
Financial Literacy Efforts in India

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Here are the latest updates on the Personal Finance Online Weekly.

Primer on Managing Your Short Term Money Goals
Assistance on Emergency Funds Planning
Options for Planning Your Retirement
Stock Picking in the Cement Industry
Personal Finance Tools: Are they Useful?
Where to invest and Why
Schedule a Money Day for Yourself

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Recent Posts on Personal Finance

Debt & Equity Investing
How to Apply Asset Allocation Principles
Asset Allocation Strategy Part 2
Asset Allocation is like Marriage
Financial Habits of Indians and Americans
Money is Just a Piece of Paper

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There is a process to achieve a good and strong portfolio or atleast to get you started on the journey. It ain’t a simple ride as it is said that if wishes were horses, beggars would ride.
Blogger friend Manish Chauhan who writes a blog on creating awareness among Indian investors on the importance of personal finance has a thoughtful post on the Four Pillars of Success for a Strong Portfolio.
Manish writes:
There are some good traits of portfolio which makes it better than others . A …

See this very interesting presentation on why “Average is Not Normal”
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Check out this post on retirement planning. Excerpts:
Now, coming back to the question about the best retirement plan, the answer would be a combination of the following products:
Mutual Funds, Public Provident Fund, fixed deposit (FD) and fixed maturity plan (FMP), etc to build the retirement fund while you are young and can take risks.
As the fund grows, the investments can be deployed in avenues like FDs, senior citizens scheme, Post Office Monthly Income Scheme, MF investments with a systematic withdrawal option, FMPs in the dividend distribution mode and monthly income …

Ajay Shah peers into 2009 and concludes:
From an investment perspective, 2009 and 2010 is going to offer remarkable buying opportunities for the long run.  Long-term investors will do well by loading up on equities in this period. The corporate bond market will also offer attractive propositions. But in the short term, this will be a daunting time. The greatest benefits will go to the discriminating speculator, who is able to thoroughly study firm fundamentals, make calls on which firms will prosper across the downturn, and choose good entry prices for …

In the meantime, I built this personal finance tracker on Zoho Creator which is for newbie users like me.

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