PPF (Practical Personal Finance) Series

If you are here, it means, you are interested in practical personal finance. No unnecessary theories or jargon, but only, basic practical explanation of basic personal finance principles is what you will find in this series. I request you to read chapter 1 of this series, if you have not already read it. You can read it here:  https://ppfbypathikvariya.blogspot.com/2020/05/ppf-practical-personal-finance-series.html I have always cherished one interview of Wasim Akram ( https://www.indiatoday.in/magazine/interview/story/19990215-sachin-tendulkar-has-a-very-solid-defence-in-test-cricket-wasim-akram-780180-1999-02-15 ). The title talks about why Sachin is a great batsman, it is because, he has a solid defense. One cannot be a great attacking batsman without solid defense (Shahid Afridi). The same is applicable to a military. A strong military is not the only one with strong attacking abilities, it must have equally good defense. Without it, it will become vulnerable to first round o

COVID19 crisis will prove to be a "litmus taste" of your career, skills, current job security and your future prospects. In one survey, 38% Indians say that they are worried about their jobs (1). According to other article, 100 million and more jobs in India are at risk (2). These are initial estimates, as we don't know how far the things will go from here. Things may not become as bad as expected too. None knows the future. But, one thing is for sure. In these troubling times, those, who had saved the money, those who have the cash, are the real kings! I hope you recall a story of the cricket and ants. There used to be a beautiful garden, in which, a cricket used to live. There was a colony of ants in the same garden. As the beautiful summer was passing by, the cricket would enjoy the delicious food, sing, dance and make merry. The life was just too good to believe. He would take rest in the noon and night. The ants, which were living nearby, meanwhile, would keep collec