Some of my copy righted photos (posted at Panoramio):
Tuesday, October 27, 2009
Monday, October 26, 2009
Chitty: Self-help financing
Chitty or kurie is a local form of self-help financing. To put in simple terms, the scheme (run by a trustworthy person or financial institute) pools money from a group of people and provides the lumpsum amount to a chosen person in the group (based on a bid or lot), after deducting commissions and charges.
Labels:
chitty,
investment,
loan,
savings
Sunday, October 11, 2009
Women’s Insurance
This post was prompted by my better half. She was going through an issue of Vanitha (a leading Malayalam fortnightly for women) and it carried an article on women centric financial products – savings accounts, insurance schemes, etc. LIC’s Jeevan Bharathi caught her attention - insurance schemes with money back options looks really impressive. The following tries to decode a typical women’s scheme - Jeevan Bharathi.
Labels:
insurance,
investment
Wednesday, October 07, 2009
Wealth: Division vs Multiplication
Dr. Adrian Pierce Rogers (September 12, 1931 – November 15, 2005) of Love Worth Finding Ministries, Pastor Emeritus of Bellevue Baptist Church.
"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that, my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."
Labels:
Division,
Multiplication,
Wealth
Tuesday, October 06, 2009
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