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ruby redkar
Money Management lessons to children
by ruby redkar on Apr 15, 2010 01:33 PM

It is very important to teach the children at various stages as how to handle money and to be stict with expenses made. Or else they take everything for granted.

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by RUDOLPH FURTADO on Apr 07, 2010 10:18 AM

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

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Lopesh S
20 percent
by Lopesh S on Apr 07, 2010 10:15 AM  | Hide replies

split your investments into 5 parts
20% in land
20% in gold
20% in business
20% in banks deposits
20% in shares

you will not go wrong and stay happy

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srikant chari
Re: 20 percent
by srikant chari on Apr 07, 2010 05:03 PM
you fool how about,
20% Time With your Family
20% Time Spritually
20% Time doing Seva
40% Time with your Work

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Re: Re: 20 percent
by Amit on Apr 07, 2010 05:48 PM
srikant ur a loser....and a f00l.

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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

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sundaram ananthakrishnan
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.

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vinayak bhat
Re: Re: 20 percent
by vinayak bhat on Aug 27, 2010 03:28 PM
Hi Srikant, u must have following some spiritual course and attain a level. I feel it is Shivyog. Is it so?

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Police Officer
by Police Officer on Apr 06, 2010 10:34 PM

Invest your cash (to create jobs) instead of spending (to preserve jobs) or saving (to destroy jobs) it.

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Golden Rule
by Darshan on Apr 06, 2010 05:45 PM  | Hide replies

Of your monthly income...

20-30 % Savings Investment
30 % firxed costs/EMIs...
30 % variable expenses Cash to spend
10 % Medical insurance/healthcare premiums

If this is the math taught to kids..they will always be comfortable in life no matter what is your financial status..

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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 ;)

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Mohan Kumar
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.

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non sense
by aimtech on Apr 06, 2010 05:13 PM  | Hide replies

talk of common man,not for graduate from iim'thay have enough, let them waste so that we common man ,also earn from them.common man hardly earn 500/- and spend all....give tips to common man

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Jalindra Shinde
Re: non sense
by Jalindra Shinde on Apr 07, 2010 09:58 AM
very well said!!!

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jeetinder singh
by jeetinder singh on Apr 06, 2010 05:10 PM

The title is totally misleading.Infact every kid should be made to learn principles of Warren Buffet the great investor.

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Police Officer
by Police Officer on Apr 06, 2010 11:58 AM

Invest your cash instead of spending or saving it.

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Police Officer
by Police Officer on Apr 06, 2010 10:56 AM  | Hide replies

Invest your cash instead of spending or saving it.

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Re: And
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

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