How I Messed Up My (Financial) Life
The Finapolis|August 2017

A graphic account of a typical Indian male who began his career at 19 in the late 1980s and is now at crossroads.

- A Saye Sekhar
How I Messed Up My (Financial) Life

It was well past the noon and the chilly winds blowing from the just-then-mounted central air-conditioner system made the environs chillier. The weather in Hyderabad too was cool with the wintry pre-evening winds blowing cold. It was exactly a month since I was revelling in the joy of my ‘chivalrous’ act of conquering the contest and landing the job that’s glamorous in its own way.

It was robotic practice for the newspaper organization I had joined in 1988 to make the payment of salaries on the last working day of the month. The company never missed this cut-off day for the five and a half years I had served. Even now I hear that they never miss the payday date.

I had signed on a 20-paise revenue stamp and took the oblong-sized pink cover in which a cyclostyled proforma pay-slip with details of break-up written with a pen and cash were packed. It was my first time, my first salary. A remuneration for my services for one full month. My eyes glittered and the clerk may have seen many of my ilk in his over five years of stint by then.

First salary

It was Rs 700 of training allowance after a deduction of profession tax of Rs 20 and ESI cutting of Rs 30.

I vividly remember this as this was the first time I was earning money of my own in my life. I was barely 19 by then. I am not too sentimental in the sense that I don’t belong to the genre of those who think they should give some money to God, buy a saree for the mom and a pair of clothes for the dad with the first salary. As the days passed by, I moved to a shared bachelor accommodation from an aunt’s house, as my parents lived in another town.

この蚘事は The Finapolis の August 2017 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Finapolis の August 2017 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE FINAPOLISのその他の蚘事すべお衚瀺
7 Ways to Prevent Text Neck
The Finapolis

7 Ways to Prevent Text Neck

Our head is heavier at an angle than it is at a neutral position. That means our increasing usage of smartphones for reading, texting, etc is putting undue pressure on our spine

time-read
3 分  |
September 2016
How To Take Your Networking To Next Level
The Finapolis

How To Take Your Networking To Next Level

Networking is one of the best ways to use your time

time-read
4 分  |
September 2016
5 Fun Ways To Save Money
The Finapolis

5 Fun Ways To Save Money

There are several simple ways to reduce spending and rack up more cash. Sukanta Kundu lists some interesting ones.

time-read
4 分  |
September 2016
In Search of Higher Returns Amid Falling Rates
The Finapolis

In Search of Higher Returns Amid Falling Rates

As Bank Deposit Rates Fall, Even Conservative Investors Are Switching Assets. Where Can They Go? 

time-read
5 分  |
December 2016
National Savings Certificates Help as Interest Rates Fall
The Finapolis

National Savings Certificates Help as Interest Rates Fall

National Savings Certificates (NSCs) have been among the most popular tax-saving options for ages. In spite of the advent of market-linked investment products such as equity-linked savings schemes (ELSS), the certificates have retained their charm for certain sections of society. In this column, let us discuss the various facets of this special instrument of investment.

time-read
3 分  |
December 2016
What Drives Us to Invest?
The Finapolis

What Drives Us to Invest?

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.

time-read
4 分  |
December 2016
Ask The Finapolis
The Finapolis

Ask The Finapolis

Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered? Email your question to feedback@thefinapolis.com

time-read
9 分  |
June 2017
Input Tax Credit To Benefit End-customer
The Finapolis

Input Tax Credit To Benefit End-customer

Looking at the scale of India, it is reasonable to expect 3-5 years for the system to stabilize

time-read
4 分  |
June 2017
Will GST Really Spike Up Your Bills?
The Finapolis

Will GST Really Spike Up Your Bills?

As goods and service providers can claim input tax credit, your net tax bill will reduce say experts

time-read
4 分  |
June 2017
The Bull Run Is Here To Stay
The Finapolis

The Bull Run Is Here To Stay

Karvy Finapolis’ event —“Is this the mother of all bull runs?” — evoked a thunderous response from investing public recently in Hyderabad.

time-read
4 分  |
June 2017