How I cut down my household expenses by 50%+ - Do read this thread. #personalfinance

Every family has a lifestyle which has been curated with habits that have been cultivated over years. A major part of increase in expenses over a period of time has lesser to do with 1/ increased cost of living and more with an increased standard of living which is an outcome of our lifestyle. Was thinking, are we as a family really cut out to toning down our lifestyle and live a basic frugal life in case we are faced with a job loss and not having adequately 2/

Debt Repayment - Car Loan - Are you aware of the difference between Foreclosure and cancellation of a Loan - Brief Thread:
Wanted to share a personal experience I had while repaying a Used Car loan. I had taken a Used car loan of around 15L @ interest 15%. 1/ The amount was disbursed by the Bank and I got possession of the Car. Within a week of disbursement, I had an unexpected inflow of amount equivalent to my car loan. Prudently I thought of clearing my used car loan. On contacting the Bank - 2/

Thread on my Mistakes in #personalfinance. Slightly long - hopefully insightful. We all make mistakes in personal finance in our early stages our life and career – I want to take this opportunity of sharing my mistakes – the sole objective being – others can learn from them - 1/ Not saving and investing early in life – lived life in a complete consumption mode on a monthly paycheck till the time I actually bought a house. This was for the first 5 years of my career. Had lived the first 30+ years of my life in a 300 sq ft house. 2/

#Inspiring 🧵 on #personalfinance and how to manage finances - this is a story of my house help @sheroes who has been working in Bombay for the past 20+ years raised two kids.
1 - Created passive income wealth generating assets - 6 small houses - of which she stays in one and 1/ Rents the other 5 - generating rental income ( which is 4 times her monthly outflow of expenses)
2 - How was this created - worked as house-help and invested significant monies in chit funds - when asked isn’t this risky - it was earlier when she was investing in others funds 2/

#personalfinance #Debt #Realestate Thread on my experiences with real estate as a primary home and investment -
Always dreamt of living in a bigger house as I had spent the better part of my life till My late twenties in a 250 sq ft rented house in mumbai
1/ Bought my 1st house in 2001 a 3 bed apartment 1395 in a good locality in Hiranandani - in Thane - with the power of leverage - got 100% of property value + stamp duty + registration and insurance term cover for loan amount fully funded by HDFC - did not have to invest a pie 2/

#personalfinance #debt #fingeekid Just wanted to share my thoughts on debt consolidation and how if managed effectively it can reduce the overall interest outflows.
When an individual has a couple of debts which is being serviced through multiple EMI’s, it's always advisable 1/14 to explore options to consolidate debt. This is possible mainly when one has taken a housing loan and has serviced a couple of years of debt or that the property has appreciated from the time it was acquired. 2/14

#personalfinance how to spend unexpected income #fingeekid

#personalfinance #investing #fingeekid Impact of investing in different scenarios - Njce infographic series

#personalfinance #investing #DebtFree - Thread on common personal finance mistakes which most of us could be privy to. @AdityaD_Shah @dmuthuk @invest_mutual @RichifyMeClub @Longterm_wealth Wanted to share my experience and corrective action taken. I had invested in a second property as a pure investment (not to stay in) - with around 65% of the value being funded by a housing loan. I had loan equivalent amount invested in direct equities, and was convincing myself all along that as long as the returns on equity are higher than the interest rates on

#personalfinance - Impact of covid on personal expenses. Defition of needs have surely changed - wanted to quote a few of my experiences - while the norm would have to be that it would be life with real basics - but outflows for basic groceries have drastically increased - Maybe 1.5 to 2x times of normal expenditure. Stay in an building which has 100+ flats - have various sourcing groups r formed where we are sourcing everything from veggies to n varieties of fruits (not sure in normal scenarios sour fruits consumption would have been so high)

#cricket #GOAT @imVkohli #runmachine @SeerviBharath @rgcricket @ESPNStatsInfo @ESPNcricinfo @mohanstatsman @apurvlawyer @FI_InvestIndia

Couple of mind-boggling stats of the one and only im_Vkohli. Date of Stats quoted below – 14th Oct 2019. 1/ In line to be the highest run scorer consolidated across all formats in 2019 and possibly the first one to score 2500+ International runs and highest run scorer for 4 years on a trot. Amazing level of consistency. 2/

One of the best interviews with a corporate honcho - Aditya Puri - MD @HDFCBank_Cares, loved the confidence, optimism and his funny repartee's in the CNBC Interview. . @dmuthuk @FI_InvestIndia @RichifyMeClub - Some of his key comments - Every other Brother has a view whether slowdown is cyclical or structural.
On additional Provision for delinquencies – I am a conservative Hindustani – Provisions are not specific, but contingency provisions for NBFC’s and corporates with unhedged exposures.