If you think I’m going to talk something geeky or ‘high-fundu’ here, you are wrong. I’m just as clueless are you are about finance management. On the top of that, I’m not an MBA. :(.
For a majority of us, finance management is about –
- Withdrawing less money from the bank.
- Using credit cards to make the payments and paying the bills just in time.
- Buying stock that our friends say will go up high ‘in the long run’.
- Purchasing a plot.
- Buying a flat.
There’s nothing wrong with the above mentioned ways of ‘finance management’, but I really dislike the ill-informed decisions involved in them. Lot of people still think that they made the wisest decision in their life when they purchased a flat. A flat, your living home is a liability. Not an asset! I realized this after reading a lot about it.
Anyways, I just got carried away. The motivation behind writing this post is a recent observation. When we think about managing finance, we only think about managing the available income. We seldom focus on increasing the sources of income. Maybe because the former is easier and the later is difficult?
Is growing the income source not an important (rather very important) part of finance management? What do you think?
–The Big K–