Anish's Blogs

Last week, Jeff Bezos, the world’s richest person stepped down as CEO of Amazon, a company he had built grounds up and reaped the benefits for all these years. Was he intrigued by someone else, Elon Musk, now challenging him or eventually getting ahead at the top and hence he wants to focus his energy and passion in something equally jazzy or he is just too bored of being called the richest person? We will never know the answer! Unless you are Musk himself, who saw his net worth increase 7-fold last year or you have struck a multi-million dollar lottery, your net worth would have steadily increased over the past few years (if at all) and will grow gradually over time. Of course this is very relative; some people may call a few thousand dollars as gradual or other ultra rich will weigh it in millions? Regardless, as your net worth creeps up, you will find yourself in a different spot; your colleagues will change, your social structure will change. In order to keep up with these changes,...

When we were searching for a house a few years back, I used to refer to a lot of online tools around this topic. These tools typically ask you what is the house value, mortgage amount, rate of interest, your tax bracket & current rent you are paying. I realized that all these tools gave me skewed results towards buying the house then. Today, after the housing debacle, I referred to a couple of them and they now tell me to rent instead of buy! Well things have really changed. Being a little skeptical then (and a lot now), I thought of listing all the factors that make or break this decision. The most important factor is of course “emotional”. If you have decided one way or the other firmly, you don’t need to read this article, however, if you are a little undecided emotionally, do consider the following factors. Tax Deduction This is the most advertised reason for buying a house. Of course, you can avail deduction on your mortgage interest, mortgage insurance (PMI), ...