Basics

Doctors have a common quote amongst them that if the 'basics' are right then a person can tackle any situation and has answers for most of the problems.
I took upon writing this blog with the assumption that anybody who comes across it, is well versed with economics and personal finance. Honestly ? No.
Most of them want short cuts. Very few are ready to invest time and money to understand how to grow their money. People spend hours trying to buy their clothes or any other routine things, bargaining for 50-100Rs, but when it comes to investments they want expert advice and they will rely on any 'expert advice'. It only shows the lack of discipline and the inability to see the bigger picture. Most of my friends dont have any idea about the power of compunding, the simplest fundamental truth of all. Most of them have never heard of "Term insurance" plan and when I explain they think it is a big loss if u choose a term insurance plan. For majority of the people inspite of the "Bull run", stock market is a gambling den and mutual funds are some align concepts. I dont blame my friends. I was luck enough to have been introduced to economics. If you are someone u has not been able to follow what I have written so far, u can always contact me or leave a comment here. I shortly plan to upload all the 'basic ' information I have and reading which I have gained a fair knowledge regarding managing money. U can definitely benefit from it.
Let me make a disclaimer, I am a Doctor specialising in Cancer and have an avid interest in economics. I believe in Evidence Based Medicine, infact the Management guys have borrowed the concept and have started something called 'Evidence Based Management'. There are no short cuts to creating wealth.