Manoj Arora's Blog, page 5

32 Earnest Lessons from the book 'Ego is the Enemy' by 'Ryan Holiday'

 Ego is our biggest enemy. It can prevent us from learning and developing our talents. It can blind us to our own faults, and so much more. Just if we could understand the enemy and make attempts to tame it.Ego is our biggest enemy. Early in our careers, it can prevent us from learning and developing our talents. When we taste success, ego can blind us to our own faults, alienate us from others

What is a DEAF Account

DEAF is an account maintained by Reserve Bank of India (RBI). Some of your money might be lying in a DEAF account and you might just not be aware of it.Read on...Have you ever wondered what happens to the money lying in a bank account which you forgot? Or to the money in a bank account where the account owner dies without a nominee and the family is not aware of this account?Let us look at some

5 Key Traits to Become Financially Free

Among all other fun moments we shared at our Pune meet of ELITE subscribers, we talked about the 5 key traits that can take each one of them from their current state towards the prestigious goal of financial freedom.It was a pleasure and an honor to meet some of the passionate freedom seekers of our ELITE Program in Pune, India. Some of them were just starting off on the journey, some were on the

26 Fabulous lessons from the book 'The Fakir' by 'Ruzbeh N. Bharucha'

Both life and death are realities. Learn not only how to live well, but also how to die well.This celebrated novel is the writer, Ruzbeh N. Bhaurcha’s most well-known work, in which he tells the story of a disciple trying to walk the path of spirituality, guided by the hand of his master. The story is an inspiration for the reader to also attempt to pursue the path of righteousness. The difficult

Nominee Vs Legal Heir Vs Owner

We often confuse a nominee as the owner of our financial assets after our death. We cannot be more wrong than this.Let us understand the difference between a nominee, owner, and a legal heir.Meaning of 'Nominee'The literal meaning of a nominee is someone nominated for a job, position, or award.Why to appoint a nominee on your financial assetsAppointment of a nominee ensures that there is an

What is Short Selling of Stocks

Short-Selling, or Shorting is often in the news for all the wrong reasons. In contrast, short sellers make the market more efficient, balanced and matured. Let us understand what short selling is, and how does it help the markets.Before we understand short-selling, we must also understand what long-selling is.Long-Selling (Selling Long / Taking a long position / Going long)Selling long (or going

Mahila Samman Savings Certificate (MSSC Scheme)

 Mahila Samman Saving Certificate (MSSC) is a new small savings scheme was introduced in Budget 2023, specially designed for women investors to encourage investments. In line with other small savings schemes like PPF, SSY, NSC, and SCSS, this new MSSC scheme comes in to bridge the gap in the existing schemes, especially for adult and rural Indian women.Who can open Mahila Samman Savings

Evaluate Company Earnings using EBIT and EBIDTA

EBIT and EBITDA are alternate measures of profitability to net income (or Earnings). These are accounting terms which attempt to represent cash profit generated by the company’s operations.What are Earnings?Earnings of a company are simply their net profits, after taking care of the inflow of revenue and all outflow of taxes, interest to be paid out, depreciation of assets etc. Earnings are the

5 Key Learnings from the IWD Personal Finance Session at Delhi, India

Women are the torchbearers of any society. If you educate a man, you educate one person. But if you educate a woman, you educate one family - BIG difference!It was a room full of energy. It was the occasion of International Womens Day Celebration. Most of the 200 participants were young women who have been skilled at YWCA (Young Womens Christian Association) at Delhi. They were mostly from the

Portfolio Diversification via Gold or Silver?

While both gold and silver are precious metals, the demand-supply forces and the economic sensitivities of both metals are quite different. It is good to understand the difference between the two precious metals as portfolio diversifiers.Gold is God's money. It has virtually no perfect correlation with any other asset class. Many times, it does show reverse correlation with equity asset class,