FinVise India

Mohammed Anwar Ahmed, 60, resides in the sleepy town of Amalner in district Jalgaon, Maharashtra. His father owned a large farmland in the 1970s. The father's untimely death in 1980 left the four sons to lead different paths in their lives. They sold the land and divided the proceeds of Rs.80,000 equally among themselves. Mohammed, the youngest of the four, then aged 27, was married for two years and had a year old son. On parting with his brothers, he was at crossroads and did not know the path he should choose for himself as all the working life he had worked on the fields. His one brother left Amalner while the two started their own shops. WHAT'S SO SPECIAL ABOUT AMALNER? In 1947, Chairman of WIPRO Ltd. and philanthropist Azim Premji's father Mohammad Hussain Hasham Premji set up the company's first plant here to manufacturer vegetable ghee, vanaspati, and refined oils. It was then called Western India Vegetable Products Ltd. and had got listed ...

Five reasons why people don’t become wealthy 1. WHO ME? The first reason why people don’t become wealthy is they don’t realize it’s possible for them. The average person has grown up in a family where he has never met or known anyone who was wealthy. He goes to school and socializes with people who are not wealthy. He works with people who are not wealthy. He has a reference group or a social circle outside of work who are not wealthy. He has no role models who are wealthy. If this has happened to you throughout your formative years, up to the age of twenty, you can grow up and become a fully mature adult in our society, and it may never occur to you that it’s just as possible for you to become wealthy as for anyone else. This is why people who grow up in homes where their parents are wealthy are much more likely to become wealthy as adults than people who grew up in homes where their parents are not. So, the first reason why people don’t become wealthy is that they ...

The world outside is nothing like we have experienced before. As we continue with secluded lives from our homes and the coronavirus play havoc with world economies and global markets , many investors are feeling anxious. What should I do as an investor – that is a question I hear a lot these days. Let me try to respond to this question from another angle. Suppose you have invested in a restaurant or gym. Or you are running a hotel. Your business is totally shut. You don't know how long it will take to reopen the establishment or how long will it take for the business to be normal. What would you do? Would you close your business or wait for the dust to settle? Most of us would wait, right? Let us take another example. You have a piece of land or an apartment as an investment . With all that is happening, the value of it would have fallen. So, have the value of gold, silver, etc. What are we doing with those investments? Are we selling them? ...