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Finance - Page 24

Have you ever fallen in a situation like this, went to a shopping mall, exhausted all your cash by purchasing the necessary items only to discover a piece of jewelry in the shelf, you have yearned for but could not find the same thing anywhere else.

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It is devastating to get canned from the workplace. But you should understand that life does not end because you have been handed over a pink slip. Most of us become escapist when it comes to sparing some thoughts on the consequences of job loss.

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Running a business is all about making profit. Just like in running a household you need to make a budget and save the extras, in business also you have to follow a predefined financial plan chalked out for a specified period of time.

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Just the other day I was reading about this poor guy, who lost everything in a battle of divorce and today the person is homeless due to this unfortunate marital experience.

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Just leaf through the pages of the financial advice pages of your favorite magazine and you will come across many such queries: "I am in the wrong side of the thirties and have to maintain a family of five.

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We rarely pay heed to retirement planning, especially when we are young.

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There is no doubt, we are going through one of the most peaceful phases of the human history and that it is getting reflected in the bustling commerce all over the world.

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So you are putting some serious thoughts into personal finance planning! You might be going through a cost cutting spree too! But, if you are going to be guided by these cost cutting resolutions in hiring your personal finance advisor too, then you are going to make a costly mistake.

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