Ranjan Varma

Fraud Risk, Goal Setting and Mental Accounting March 18, 2011

Here are a few very interesting as well as useful posts on personal finance.

Update: Missed filing your tax returns? For belated tax filing, you can go to taxmunshi.com and use promotion code “MarchforTax” to file your ITR-1 & ITR-2 for no charge. Check the detailed post

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.

Thanks for reading. Please check out our financial planning workshops and You can send us email for details about the workshops and book.

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Ranjan Varma has written 471 post on this blog.

Ranjan Varma has over 20 years of work experience in the financial services industry. Ranjan has worked with LIC & LIC Housing Finance in various positions like Branch Manager, Manager Sales, Area Manager, Deputy Regional Manager, etc. Ranjan has experience working in areas like Sales, Marketing, Investments & HR. Ranjan Varma has been interacting on his blog @ http://ranjanvarma.com since 2007, with posts on how to manage money. Ranjan Varma edits a personal finance website and has built products & tools for financial management @ http://rupeemanager.com. Ranjan also delivers training on personal finance. Ranjan has spoken at various seminars/workshops at Corporates and many Educational Institutions. Ranjan believes in Vipassana, a way of self-transformation through self-observation (to see things as they really are). Ranjan also aspires to create new businesses & projects from time to time.

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Fraud Risk, Goal Setting and Mental Accounting

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Ranjan Varma

Ranjan Varma has over 20 years of work experience in the financial services industry. Ranjan has worked with LIC & LIC Housing Finance in various positions like Branch Manager, Manager Sales, Area Manager, Deputy Regional Manager, etc. Ranjan has experience working in areas like Sales, Marketing, Investments & HR. Ranjan Varma has been interacting on his blog @ http://ranjanvarma.com since 2007, with posts on how to manage money. Ranjan Varma edits a personal finance website and has built products & tools for financial management @ http://rupeemanager.com. Ranjan also delivers training on personal finance. Ranjan has spoken at various seminars/workshops at Corporates and many Educational Institutions. Ranjan believes in Vipassana, a way of self-transformation through self-observation (to see things as they really are). Ranjan also aspires to create new businesses & projects from time to time.

Fraud Risk, Goal Setting and Mental Accounting March 18, 2011

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