Droplet Wealth

The original plan was to publish the Evergreen Budget blog that we put last year. But one of my acquaintances told me - "Dei, Budget la enna sonnanganu oru blog ah ezuthi share pannu". Instinctively I told her, we have a evergreen budget blog and will share that. But as an after-thought, I took her comments as "God's" nudge and decided to write one. Afterall I was getting alarmingly lazy at writing and needed a good nudge. So here’s the Droplet's Budget 2023 Nugget.   Ahem! Oh hold on! This is not about the tax regimes and neither about non Linked Insurance payouts soon attracting tax payments. These are almost common knowledge now. So what's the bigger take away for us from this Budget. It is "Spending". I pretty well know most of us here are PhD's in spending and that too not by doing some theoretical course but by hard labors of actually Spending more than we earn and can barrow! So what can we learn from Govt's spending ...

We were worried as financial advisers about the budget. Of course the Union Budget because if the budget was perceived to the be good then the markets would rally and our investors will not get discounts on their Investments. Discounts are always good, Who knows it better than you guys! The fact is good business shall always thrive irrespective of the budget and when we choose to invest in equities we invest in businesses that will do well in future. Note that we have used the word "Perceived". Again most of the govt policies being good or bad are perceptions of the people. A good businessman would identify each of them as an opportunity. A classic example is Titan which when was forced to import Gold due to "Govt Policies", it started Tanisq and today Tanisq is one of the largest contributor to Titan's Profits.  So now lets look at the Budget from the view it would affect us.  1. As a (Citizen) Owner of the Country and  2. As a (investor) Owner of the Comp...

We just put up a whats app status and One of the replies inspired us to make that into a blog.  Of course, like with all things @ Droplet, this one is not related to Superficial things like Budget/macro economics. So if you want to know our feedback on this year's budget, here it is -  ---N-----O-------C-----O-------M------M--------E---------N---------T-------S--- It is that. Because, in our fiefdom of Personal Finance, such things do not matter. Well then, let us use this opportune time to turn your attention to a more important budget, that is your  P ersonal budget .  Below are a few simple things that you should deliver on if you are want to make your country (ie., Family) Rich, Prosperous & Wealthy.  1. Earnings - Make sure you have an active Income and work to increase that income by 10% every year. Improve you skill sets, shift jobs, start a part time venture, do anything (legal) and try to increase your income by 10% year on ...