Awareness of financial issues, especially on the personal front is minimal even among highly educated professionals, including quite a few "Finance Professionals". This blog is intended to be of some value addition to anyone who cares about his/her personal finance. The focus will be on the Indian situation, though the principles will be applicable the world over..... (Please read the disclaimer at the bottom of this page without fail)
Power of Compound Interest!
Did you know Rs. 500 contributed yearly compounded at 25% for 27 years = over Rs. 1 million!
Think about it! I wish that I had grandparents who did precisely that for my sake!
Regards,
N
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