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Money Grows On Trees...

There are also people who assume that some goals, like a music system that costs a lakh, are out of reach. Not true, again. You’d be surprised at how much you can save just by putting away a small amount and cutting down on one expense, like eating out. Another financial planning myth: there’s plenty of time. Well, the earlier you start to save, the more you’ll have over time.

It’s also widely believed that with Provident Fund contributions, tax planning and investments in bonds and mutual funds, a financial plan is already in place. Most don’t realise that expenses like college fees, a wedding, a house or a car also need planning. Which is why you need to draw up a comprehensive financial plan that’s not just the sum of tax- or investment planning. It’s all about making goal-based investments and changing your asset mix with your changing risk profile over time.

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The Second Coming
Failures aren’t uncommon in the big, bad world of enterprise. But there are many who haven’t just walked away from the ruins of a start-up; they have learned from their mistakes and used them as spring-boards for success in a new venture. Four survival tips from born-again entrepreneurs.

  • Don’t be so obsessed with the big picture that you ignore the finer details.
  • Don’t jump the gun without weighing all your options. It’s a must that you do your homework.
  • Don’t burn up money in a new venture. That’s the easiest was to land yourself in debt if anything goes wrong.
  • Quit when you’re ahead, while your venture is still paying off monetarily. Or, at the very least, isn’t losing money in a big way.

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Wallet-Sized Wonders
The laptop’s got panache and it performs. It fuses the processing power of PC with easy portability, which explains the price on its head—Rs 75,000 to a cool Rs 2.75 lakh, depending on the gizmos that come with it.

The smart way, of course, to shop: get a fix on what you get for what you pay. Get acquainted with all the important components of a laptop (processor, RAM, hard disk and so on), what they mean, and the difference they make to your computing life. Then mix-and-match with your requirements!

For more details on these articles, read Intelligent Investor or log on to www.iinvestor.com and also get personalised information and analysis from our experts who answer queries on small savings, insurance, loans, taxation, mutual funds and shares.

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