Tag: finance
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The Circle of Competence
FFB-Post 7 When it comes to investing, you don’t need to be an expert on every company or even many companies. You only need to be able to evaluate businesses within your circle of competence. The size of that circle isn’t important, but knowing its boundaries is vital. You might feel that this approach is…
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Finding Good Stocks in a Sea of Choices
FFB-Post 6 With over 5,000 companies listed on the National Stock Exchange (NSE) in India, deciding where to start can be overwhelming. Don’t worry, I’ve got you covered. In the next few posts, I’ll help you narrow down your focus and guide you through the process of finding good stocks. How to Start Finding Good…
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Value Investing
FFB-Post 5 Imagine collectors: some people collect stamps, others collect rare coins, and some even collect vintage cars. Each collection holds value and offers a sense of pride. Now, imagine having a collection of the most profitable businesses. That’s what investing is all about—buying and owning shares of profitable businesses in the stock market. What…
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Risk Management: Emergency Funds and Insurance
FFB-Post 4 Financial stability isn’t just about making money; it’s also about protecting what you have. Two critical components of financial security are having an emergency fund and adequate insurance. Let’s explore these in detail. Part 1: The Importance of an Emergency Fund Did you know that 62% of Indians are in debt or lack…
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Mindset: Transform Your Finances
FFB-Post 2 A common excuse for not investing is, “I don’t have any money to invest.” This is simply not true. Finding that extra penny is essential, and every penny counts. It’s all about building your saving muscle. The Investor’s Mindset One crucial mindset shift I want to emphasize is to start viewing all your…
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Habits: Your Path to Financial Success
FFB-Post 1 Have you ever wondered why some people seem to effortlessly manage their finances while others constantly struggle? The answer often lies in habits. Habits define who you are. If you find yourself constantly broke, it’s likely due to poor financial planning and bad financial habits. In 2017, CNBC published an article revealing that…
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Introduction to “Finance for Beginners” Series
FFB-Post Zero Welcome to my blog series on investing and finance for beginners. If you’re new to managing your finances or feel overwhelmed by the idea of improving your financial situation, you’re in the right place. This series is designed to guide you step-by-step, starting with the basics and gradually building your knowledge and confidence.…
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Optimist & Pessimist
When it comes to wealth, there’s a crucial balance between optimism and pessimism. Getting rich requires an optimistic mindset. Staying rich demands a touch of pessimism. Optimists see opportunities everywhere. They believe in growth and potential. This outlook drives them to take risks, start ventures, and invest in the future. Optimism fuels innovation and expansion.…
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The Stolen Wealth of Financial Scammers: A Life of Luxury at Others’ Expense
“White collar criminals are worse than blue collar criminals. The latter rob you with a gun, but the former rob you with a pen.” -Vicki Robin Financial scammers like Vijay Mallya and Nirav Modi are often referred to as white-collar criminals, who use their influence and financial power to deceive people and cheat the system.…
