Out of sight – Out of mind is one adage that cannot be over emphasised in terms of relevance in today’s fast-paced digital world.
Work occupies so much time in one’s life that it really makes it difficult to keep pace with friends and family, so much so that if you are out of sight of some near and dear one for a while, you can definitely count to be out of their mind too. Well, things are not different when it comes to this adage and one’s personal finances. Yes, you read it right. There is that little component of wealth in almost everyone’s life that has gone out of sight and thus out of their mind. Unfortunately, money has yet to get its digital avatar to send that occasional ‘hi’ to people who have lost sight of it.
The list of sources where an individual can lose track of his / her money / wealth can be quite huge and unique. This article attempts to highlight some of the most commonly encountered sources where an individual could hunt and explore some hidden wealth within his / her own financial realm. Readers will be pleasantly surprised to unravel these sources from the simplest of financial instruments.
Banks
Banks are regarded as the custodians of your money, so as a corollary it should not be surprising to know that most missing sources can be traced here. It turns out that in this age of Internet banking, where an account holder hardly makes any trips to the bank branch, it is easier for accounts to get out of sight real soon.
Diese Geschichte stammt aus der November 2016-Ausgabe von The Finapolis.
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Diese Geschichte stammt aus der November 2016-Ausgabe von The Finapolis.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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I had made the journey from economics to finance. As part of Keynesian economics, we were taught about the three motives to hold money: the transactions motive, the precautionary motive and the speculative motive; all through my teaching career that remained part of my Keynesian economics. But two decades, later when I immersed myself into the world of investment, I had to develop my own tools to understand the new discipline and make my investors understand the working of their own minds. One night as lay turning on my back, poring over the day’s happenings, suddenly I made a strong connection between what I had studied years back and the problem I was grappling with now: the motives.
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