Engineer’s Finance
Blog that describes an Engineer’s Finances.
Can I become A Millionaire?
Jan 31st
I have asked this question to myself many a times. When I was a kid, I was asked by my teacher what would I want to become in the future and I remember telling her that I want to become a billionaire. She asked me, “Why do you want to become a billionaire?” I answered her that, I want to help the poor people. I have realized that you don’t have to have money to help poor people but I surely want to become a billionaire. Read the rest of this entry »
Loans and Rejection
Oct 27th
Have you applied for Personal loan, Home loan, Car loan, Equity loan? Wondered what are the criteria for the institution to grant you the loan? Was your loan application rejected? Then I suggest you to read further and learn what went wrong.
The Financial Institutions such as banks, co-operative societies, mortgage houses provide loan to you or your business depending on your assets and liabilities and also they estimate your earning capability and spending habits and then they consider your loan application and go ahead with the processing of the same. Read the rest of this entry »
Which Credit Card to be Chosen
Oct 26th
A friend of mine asked me this question, I wanted to reply back to him over mail but later I thought many might have similar question so I posted over here. I won’t be giving you the exact financial institution or bank to apply for and I don’t want to advertise on anyone’s behalf. I think all the credit cards have their own way to pulling the money from you, however smart you are. If you think you could beat them then I am sorry to say that you are wrong. It is not impossible to beat them in their own game but it is not worth the effort. Read the rest of this entry »
Don’t Carry Your Cards
Aug 31st
This is one of the easiest ways to reduce your expenditure. I do understand that the Debit/Credit cards give lot of benefits to the consumers but it makes you spend your hard earned money. Isn’t it true? You would have anyway spent your money, what is the point about the cards? I don’t quite agree with it. the cards gives us lot of benefits like we can track our expenses, they are not as cumbersome as cash to carry around, the cards offer rewards for spending money and many more benefits. I agree with that, but ultimately the card that you are going to use will be charged and you will be paying the bank directly or indirectly some money for the service that you are using. Read the rest of this entry »
Houses on Sale
Aug 30th
These days I see many advertisements regarding the sale and so called the real estate price correction. Even now, it is not so very cheap as most of us think. I thought that the prices of the apartments are cheap but the truth is, it is not so. Nothing is cheap, everything is costly. A couple of years back when the real estate was in boom, the prices of the apartments were around 25 to 30 Lakhs. A few premium builders had their price which was only for the privileged high class people. It was generally in Crores. The budding builders and the enthusiast in this real estate who wanted their share of pie were giving the flats at reasonable price only. Read the rest of this entry »
