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Here are a few very interesting as well as useful posts on personal finance.
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Let me start with Deepak Shenoy’s Game of Dice. He writes,
The Mahabharata was fiction, but in real life, if you lose money playing a rigged game, it does you very little good. Lessons needn’t be that expensive. Trading stocks – or even “investing”, whatever the difference may be – is fraught with fraud risk.
Moving on, Goal setting is the core of your financial plan. Manish Chauhan has some advice on getting your visualizations right.
Next, there’s an article on doing the right kind of visualizations.There’s a difference between visualizations and fantasizing. There are dangers of fantasising about future success. And a more effective way of visualising the future is to think about the processes that are involved in reaching a goal, rather than just the end-state of achieving it.
Ramalingam K has two articles on my website about Mental Accounting and Spending Smartly.
As always, I limit myself to 5 links. More next week.
