Archive for the ‘Financial Literacy’ Category

Money Really Matters – A bite of True facts

Money truly matters to everybody whether it’ 5 year old who wants to buy his favorite toy or 60 year who likes to retire financial free. There is no doubt about it. There is lot to talk about it but we only talk less.

Like this quote,





“Money is the opposite of the weather. Nobody talks about it, but everybody does something about it.”
We deal with money day in and day out but we only talk very less about it. If you look very closely, Money has taken different avatars in different parts of the world. It’s a dollar for ordinary American, YEN for Japenese and a Rupee for a normal Indian. Its stock for trader, Gold for hardcore investor, home for a realtor and lot more avatars. But each one of them has only one sole underlying factor which is to “satisfy our needs”. Thats all about it.





The need for each and every person might vary according to their surroundings but the purpose and perspective towards money doesn’t change. So how one make use of that most commonly wanted MONEY is within each one and the Money itself can’t do anything about it. Don’t you think its a true fact. Just think about it for a second.


Lot of us percieve with a wrong imagination like, if we earn more all our problems should take care of itself and will get solved. Actually I think all the problem just starts there. It is not always about how much you earn, it is about how well you can manage and work with what you make.

Knowledge is Power
, we all know that very well. So if we have proper knowledge to efficiently manage our money, we can be the Kingmakers of our own hard earned money. We don’t have to be Warran Buffet(who hailed as the nucleus of Omaha shaking up the stock market) or Donald trump (successful entrepreneur) to be one. If we manage our own money properly, we are Kingmaker on it’s own version.




Money shouldn’t rule us. We should rule the Money and should put to work for us. As Robert Kiyosaki quoted, “Make your money work for you and not the other way around“. Let me give you a simple example. We eat food every day because our body needs it. We have to eat at least 3-4 times a day to get proper calories for our body to keep moving. Eventually, eating has become a habit for us. We are trained to eat 3-4 times(I know some people eat all the time!!) when we are baby and we continue to do it all our life.




What happens, if you didn’t take a night dinner, can you sleep well that night? Your physical state is going to be messed up and many of us can’t sleep except few who can fast for days. But if you train your body to fast every night, it will eventually manage to coup with it. Similarly, anything needs to praticized to make it accustomed to you, that goes to money as well. If you don’t plan well and don’t manage it properly, it is going to haunt your mental state and keep you restless for life.



Money is an enabler of our dreams. It helps you go where you want go in life. In many people case, first one third of the life goes towards earning education and knowledge needed to find money. Next one third of life goes towards finding/making the money you longed for and last one third of life should go towards using the money to its last. Most of us don’t have control over the first one third because we depend our parents but the rest two third it is all upto us to make or break the life.

So money is part and parcel of your life. We all need money to survive one day or other. It does really matter for all of us. I strongly believe, it is all about how much you make, how you manage and make that hard earned money work for you to secure a better future. Lot of us forget to delve into this basic thought.



Keep pondering on this very own thought and share your comments about what do you feel about Money and try to talk more about it. Talk is cheap so don’t need to speed a lot and take the liberty to talk about all money.

Happy Money talk!!


Vijai’s Networth

It is great to have goals but at the same time numbers speaks more than words. To inspire and get inspired, I am publishing my financial statement.

My goal is to buy few more rental properties before all the foreclosure properties disappear which help me build asset for Retirement. I will continue to save/invest in stocks and MF’s for Kids Education and retirement as well.















































































































































Assets 9/13/2011 Change from last month Change %
Liquid Assets $76,526.84 $11,775.45 18.19
Cash (CD&Savings) $76,526.84 $11,775.45 18.19
Lifestyle Assets $393,084.56 $24,140.64 6.54
Investment Assets $67,873.76 -$4,741.09 -6.53
Stocks $3,385.90 -$1,107.10 -24.64
Mutual Funds $33,466.96 -$984.76 -2.86
Kids 529 & Coverdall Savings $27,289.14 -$1,921.98 -6.58
IRA $3,731.76 -$727.25 -16.31
Total Assets $537,485.16 $31,175.00 6.16
Debts & Liabilities
Current Liabilities $3,142.88 $77.88 2.54
Non-Current Liabilities $166,381.53 $34,337.78 26.00
Auto Loan $35,194.78
Total Debts $169,524.41 $34,415.66 25.47
Total Networth $367,960.75 -$3,240.66 -0.87
Updated as of 9/13/2011
House Hold Property 
50% value of Electronics, Sofa, Bed set, Dining, Tools, Computers
Gold Jewels
As of 9/13/2011 – 1 gm 22 carat gold  =  $55.74 1,000.00 $55,739.09
Auto Values (edmunds.com)
Honda Car Value (average)
Honda Odyssey

Drop in Stock market has reduced the asset value but still managed to save which compensated little bit of the loss.

Vijai’s Goals

Payoff Credit card Balance Transfers
    “First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods. Third, adjust all your means to that end.” – Aristotle

Without a target, where do you focus and aim your arrow. Always SET Goals and Objectives first, whether short or long term. Then work on each one of them according to your priorities.

Get, Set and Go. Do not just get to the action. An Action without proper goals and plan is prone to fail

One more thing, as many know I always like to walk my talk. To prove it again, I have published my Financial statement with Asset, Liabilities and Networth. Check it out, how its aligned with my goals.







My Goals – Make IT, Manage IT&Master IT
Last updated – Jan 25,2011




















































Short Term Status Long Term Status
Payoff Ist Rental Property 2011 75% Retire Financially Stable 2030  25%
Buy 1 Rental Property 2007&Buy 2nd Rental property in 2010 (Cash) Rented out both – completed 100% Become a Millionaire – 2015  37%
Get Real Estate License Texas   Working on it Start back my Radio Show On hold
Fill back 3mths of Emergency fund 100% CFP Course  
CFP Exam
CFP Certification
 Course Completed – Jun 15,2010
Exam Passed – Nov, 2010
Now working on gaining experience to complete CFP certification
Plan for 2nd Kids Medical Expenses 100% Medical and Emergency Fund 90%
Payoff Credit card Balance Transfers
Done – 12/08 Visit London

Visit 7 Wonders of World

In 2012

In 2020

Last Will Need to change after 2nd baby Family Trust Yet to Start
Term Life Insurance 1M Active Two Kids Education Savings – 529&ESA Plans Active
Support India Charities 2010 Charity Campaign collected $1500 and sponsored 11 kids education Create Trust to Help Kids Education 1%