The term ‘financial independence’ simply means that you have sufficient savings to live your life as you please. To some, it simply means retirement from work at the age of 58 and spending time with their families. For a few others, it is about pursuing their passions, without having to worry about the money. So, it can be time spent with NGOs or chasing a hobby, or even converting a hobby to a profession. Still others may want to continue working, but on their own terms. … [Read more...] about How much money do you really need to be financially independent?
Egg shelf life
Rekha sat down on the sofa, exhausted. She had finally put her daughters, Shikha (2 years old) and Sudha (6 years old) to bed. Ever since she lost her husband, Sunil, last year, she had been struggling with finances to sustain the family. Rekha took up small assignments in her spare time earn a little. Sunil was 35 years old when he expired. Although Sunil had made some investments in the stock markets, his hospitalisation had depleted all their investments. Unfortunately, he had left Rekha and the daughters with no financial support. Although Sunil had good earnings, he had failed to purchase insurance or create an emergency fund to protect his wife and children. … [Read more...] about 3 critical steps to take before you start investing
The maximum number of office-goers travel by local suburban trains or buses. Both are packed like sardines during peak-hour journeys towards office and back home. Travel in these conditions tires workers out, tells on their efficiency and impacts their overall well-being. This impacts the speed and quality of the decision-making process in government. Since the Mantralaya makes decisions for the entire state, the weaknesses of Mumbai cast an unfavourable shadow on the entire state. … [Read more...] about Seven reasons why Maharashtra should have a new capital
Talk to your customers The first step should always be to talk to your customers. To fully understand how your product can better serve the market, dig in with the people who buy what you already sell. Ask them what’s working for them, what problems they have that remain unsolved, and their priorities going forward. When your customers talk to you about their problems, remember they are often building your roadmap and exposing gaps in the market that create your future opportunities. … [Read more...] about Yes, you can launch a new product in the pandemic. Here’s how
VCs typically build and manage a portfolio as follows. Once you’ve pooled your limited partners to start a fund, you will invest in about 20 companies. You’re counting on maybe two of those to hit it out of the ballpark; those two alone should return the entire fund. Below them, you’d expect a pyramid: a couple more companies with nice but lesser returns and half that will either break even or fail. COVID has flattened that pyramid thinking. If just one of your top two is severely jeopardized, it means deep trouble. So we’re playing the game in a new way. … [Read more...] about How my VC fund is helping our companies survive the pandemic