Don't pay off loan but sell the property!!! by Srinivas R (View MyPage) on Jan 14, 2015 02:44 PM
What a suggestion! - Don't pay off loan but sell the property!!! Since the advisor is a financial professional, obviously he donot want people to close loans. But a common sense is to payoff loans as the property would serve as an investment and could fetch large returns at later stages.
TCS/Wipro/Infosys/HCL/Cognizant are NOT selling software; Their management is making money by selling skilled staff to US/EU clients; Call "State Legal Services Authority" to get your share of profits;
TCS Layoffs are true. Next in line is CTS and they are working on creative ways of layoff. Means releasing Seniors to Bench and then down them under bus. Please share these tips with all of your friends and the idea is to save money and yourself as much as possible. World is running at a faster pace and I believe Layoffs are going to be very common in india. Only question is does indians have right set of mentality to overcome these layoffs. I believe the following will help
1) Don;t go for company loyalty all the time. You think from yourself on what is best for you. if the company says you are the best person happened to them, listen and don;t trust them. You are CEO of your career
2) Make money and also save Money. Never ever compare yourself with others or other families. I saw lot of my friends got tangled up and now are feeling very bad as they don;t have savings
3) Invest for your future
4) Always be close to your famly (parents, brothers, sisters, in laws and relatives). This is very very important especially when you need emotional support
5) Look for a field where you enjoy the most and don;t look for fields where you get more money initially
6) Never ever think that you are safe in the industry. Because the competition is too much..
7) Don;t change yourself just because you are making good money. Friends and parents are permanent.
8) Enjoy your life within limits as life is very precious.
Re: Next in Layoff is CTS
by Chandran KR on Jan 14, 2015 11:20 AM
If you cant do any of the above, live like those industrialists who lead plush life on money borrowed from banks even while their companies have huge loans. In short, become an industrialist.
Topic was very interesting to me. Few more things that I would like to add a) never rely on assurance that your company offer you for future. b) always live in present i.e. what you are getting in monitory terms. c) Make sure that your liabilities are less. In past, I have already taken such decisions like reducing home loans, No credit card use, Cost Cutting on Fuel etc. etc. it helped me lot . Most important, never take wrong path in worst situation.... face it with courage because your family is dependent on you....
