The definition of the word "KIDS" is changing dramatically with every generation, directly proportional to improvement in scientific inventions and daily human living conditions. 21st century kids(5 years to 12 years) are much more aware ofthe World around them, including "Finance" due to the rapid ingress of the "Media" and "internet" into the family domain. My parents instilled a "saving habit" in 19 70/71 as a 10 year/11 year old by opening a "Bank account" with a initial deposit of Rs 1, the same being sposored by "union Bank of India" officials who visited our school and adviced us "KIDS" to open a "Piggy Account" genuinely operative with a "Bank". Today, at age 50, thanks to my late mothers saving habits which i observed at "Close Range" as also inducing the value of "Money" saving , i have become a reasonable good investor in "stocks and Debentures".The "SAVINGS HABIT" and "VALUE FOR MONEY" was introduced to me at a very young age of 10 to 11 by my "Middle-Class Parents" and thanks to that initial inbuilt financial thrift education, i have managed to survive o
Re: Re: Re: 20 percent
by VARNAM on Apr 16, 2010 12:47 PM
In Pratical, why we are in que with doctors, saints, etc?, since we forget the relation, soul, i appreciate srikanth than Lopesh (he is 200% vyapari money does the matter, but fails in inter relation
Re: Re: Re: Re: 20 percent
by sundaram ananthakrishnan on May 03, 2010 10:03 AM
This argument is senseless.While Lopesh has mentioned how to allocate the "investible funds",Srikanth has given his view on how to allocate "the total time available".In my opinion,both views are sensible and correct in their context.
Re: Golden Rule
by varun on Apr 07, 2010 01:59 AM
Its not realistic, Dude!!! Tuition fees( I personaly hate tuitions) will cover atleast 10 % of the variable cost as you mentioned, in your trailing message. Then if U want ur 10 yr. kid to develop interest in hobbies :) than another ~10 % now the variable cost as U mentioned is only 10 % for Meals and essential cable & misc. bills is that enough??? LOL! Think b4 u write ;)
Re: Re: Golden Rule
by Mohan Kumar on Apr 07, 2010 08:27 AM
We should have a spending life style as per our income. If we earn 10k, our lifestyle must be such that of 6k lifestyle. 4 k must be saved. If your income raise to 20 k, then go for 12 k lifestyle. Whatever it is 40 % need to saved and invested.
by chalguru on Apr 06, 2010 11:03 AM
and live in a JHUGGI ? and all that cash after your DEATH goes where to the rotten brats GEN NEXT who get everything without working !! guess who was a fool