MyWay Wealth Weekly Update (Issue #7): Kiyosaki’s success mantra & Bharti Airtel’s turnaround

You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.

— Robert Kiyosaki

Trivia: A recent Credit Suisse report states that the top 36 Indian families own more than a quarter of India’s GDP!

All of us have been working hard and are determined to do so. Over our lifetime, we will earn a decent amount as well; but, are we sure about making it to the top 36 mentioned above?

(more…)

MyWay Wealth Weekly Update (Issue #6): Children’s Day Special

“The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt”

— Bernie Sanders

Even though this quote is said in context of education in USA, the situation isn’t much different here in India. When we meet our old friends over a cup tea or coffee, we cherish our school/college days. These nostalgic memories take us back to the good old days when it was much easier to dream, set our goals and achieve them with ease. The inexpensive lifestyle in those days gave us a lot of room to lead a carefree life.

Do you remember that schools use to collect a ‘humble’ fee of Rs. 11,000 from a standard 12 student 15 years ago? But now the same education would typically cost about 2 lakh which is ten times more.

We at MyWay Wealth tell our customers how the inflation in the education system rises in double-digits while your purchasing power climbs by just 6-8% each year.

(more…)

What moved my market? (Issue #5: MyWay Weekly Updates)

“Risk comes from not knowing what you are doing.”

— Warren Buffett

This festive season, many would have purchased gold assuming it to be a high-quality asset while the others would have deposited more into their bank’s fixed deposit accounts considering it as the safest way to let your money grow. We don’t mean to spoil the party, but this festive season had a different story to tell – like all evil, it is time a few myths are busted!

Gold rates fell by INR.150 to INR.32,250 per 10 grams, extending losses for three days in a row and the steepest decline since August 2017.

(more…)

What moved my market? (Issue #4: MyWay Weekly Updates)

The recent Melbourne Mercer Global Pension Index 2018 reflected the Indian pension system’s standing against economies like China (close peer), Netherlands and Denmark (considered to have the best pension scenario).

What’s interesting is that India surpasses China on parameters like integrity and sustainability but lags on a key parameter – adequacy.

(more…)

Invest in Direct Mutual Funds and Term Insurance to Secure your Child’s Education

Most of you would have heard these words of wisdom from Nelson Mandela:

Education is the most powerful weapon which you can use to change the world.

— Nelson Mandela

But the rising costs of education (at all levels from elementary school to college higher education) have made it harder to get quality education for our kid(s). Quoting Arne Duncan (who was Secretary of Education for the USA):

State governments generate less revenue in a recession. As state leaders struggle to make up for lost revenue, legislatures tend to cut funding for higher education. Colleges, in turn, answer these funding cuts with tuition hikes.

— Arne Duncan

(more…)