How to save money:
In Nagarathar (Chettiar) community of Tamilnadu of India there is
proverb about saving.
One forth to fixed assets. (ie:lands,buildings etc.)
One forth to liquid assets. (jewels, vehicles etc.)
One forth to business.
One forth in hand. (cash,bank balance etc.)
If this ratio is maintained there will not any sudden catostrophy in the life as it
has happened in the life of that NRI Indian who has killed himself after killing
five valuable lives. It is very shame to mention that he is a MBA gratuate.
My advice to the reader is that don't sell your house for investing in your business.
Even if your business is very prosperous now don't plan to expand it by investing
more by disposing your fixed assets.
During Harshad Mehta scam period in share market so many people (even some
Bank people) had purchased so many valuable shares (even like Unit Trust if India)
by selling their houses or vehicles. But when the market crashed some had finished
their lives for that.
Have a planned life. Have a happy life.
Another Proverb is “Irukkurathai vittittu Parakkurathai pidikkathe” which means
“don't catch the bird which is flying by leaving the one which is in your hand”
No comments:
Post a Comment