Ideally, the calculations should be done on a case-to-case basis. One more aspect to consider is the outstanding loan tenure. And to be fair, we can make a proper assessment only when we know all the (additional) charges involved in addition to the interest rate differential. … [Read more...] about Why lower interest rate alone should not push you to switch your home loan lender
Financing home renovations
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?
It’s hard to argue with Andreessen’s observation that we need better schools and public transit. But like any venture capitalist trained to identify heroic entrepreneurs, he sees solutions through the lens of Elon Musk–like supermen. His essay portrays transformational innovation as strictly a matter of personal resolve. (Andreessen Horowitz did not respond to a request for comment.) The reality, of course, is far more complex. Of late, we have failed to “build” not for lack of will, but because our society—and particularly our public and private financial markets—do not value building. … [Read more...] about If entrepreneurs and VCs want to build, we first need to rebuild financial markets