Sbrt writes...

Investing is a skill and needs to be learnt. People who start early have the advantage. At a young age one usually has a greater risk taking appetite and can afford mistakes. They are in a position where they can recover the money lost due to erroneous investments. Like in any skill set, mastery in investing comes in through knowledge, discipline and targeted practice. Setting financial goals are the first step for a disciplined investment pattern. Many of us have goals, but not everyone is able to achieve them. When it comes to building huge corpus or retiring early or building a huge asset pool, it can come in either through pompous income or strategic investments. While the first is not easily applicable to all particularly for the salaried class, the latter is a powerful resort at hand for all. Investment without any strategy or wrong strategy may often lead into debt traps and poor returns. Often people in their twenties tend to procrastinate their investments and...

Imagine a car, a sleek, stylish formula one car with a powerful engine but without a steering wheel. This car may have immense potential, it may be the best featured of all the cars gearing up for a race. But without a steering, all the potential is a waste as the car would never get a direction and hence never reach the finish mark. If this car has to race, there must be a steering installed first. Without a steering if the one races in this car, definitely the car would meet with an accident causing damage to itself and may be to others. Same is the case with people. One may be the most creative, the most scholarly, the best actor, the best speaker or simply putting it, the most talented person around. But if there is no discipline to steer the talent, to tap into the immense potential, one can never win the race. Discipline needs to be inculcated first for one to be successful in life. If one fails to do so, all the talent is a waste and when such people look behind, th...

Fresh out of college? Just started with your first job? Don’t know what to do with your salary? Confused on how much to save and how much to spend? What to buy and what not to? Here is what you can do. Money Management @ Sbrt writes It is quite common for the young graduates to spend lavishly. This comes in mostly because they have the excitement of earning their own money coupled with the fact that they are independent to decide upon what to do with the money. Below are some umbrella guidelines that can be followed by anyone no matter what package you have grasped in your first job. Payoff any outstanding study loan Any outstanding loan is not good. Loans should be taken when in real need and must be paid off as soon as possible. You may set up a monthly auto debit plan. You may yourself decide the amount you wish to be debited. Just remember, too low an amount will increase the number of instalments and hence the interest you end up paying. Too high would l...