Finance / Investments

Ways of Money Wasting without Realizing it

Money is a very complex thing, as it’s very hard to grasp how much money we really have, where it should be going, and where it really goes. Mainly because there are a lot of little things that we waste our money on, that we do not really think about. And the thing is that we do not really think about until the little light bulb in the back of our heads turn on, and tells us what we have done. There are going to be times where your ways of money wasting because you are not paying attentions and others where you are thinking you are saving money. Everyone has these moments, but if you want to waste less money, you need to know where you are wasting your money. Here are some of the most common ways you may be are wasting your money.

  • Deals

Finding some amazing deals can give you an adrenaline rush, and make you feel awesom
e for a little while, no matter what the deal was on. There is your problem, as you go looking for deals because you like the hunt, to find the best deal and not need the thing you bought. You are aware of why you want the item. If you are buying things because they are on sale, not because you need it or really want the item, and would have brought it even if it was not on sale, you are spending extra money, and not saving anything. There are much better ways to shop, than just shopping the deals, to get the best

  • Extreme Couponing

You have mostly seen or at least heard of the TLC show called Extreme Couponers, and the crazy amounts of money they are “saving”. While most of that stockpile that many of those couponers have, they will never use and only got the items because they were free or cheap. Coupons are designed to make you buy products that you normally do not buy. If you can get an item that is normally $5 and you can get it for $1, after a coupon, you want to buy that item. Yes, you are “saving” money on the product, but are you really going to use that item. If you are not, leave it in the store, as it is a waste of your money.  The same is true when it comes to free things, are you really going to use it? If you are not, it turns into hoarding.

If you talk to any smart couponer, you will find that most only use coupons on the items they or their family use, or give the items to charity, if they get the item for free, and do not use it. So, if you want to get free items, and are not planning on using them, then donate it to your local food bank or other charity, as they may be able to find the item a new home.

  • Bulk

This goes hand and hand with couponing. Buying too many of the things you use in bulk can lead you to throwing out a lot expired products, if you are not careful. Most things come in bulk packaging now, and when you compare them gram per gram to smaller packages of that item, the bulk normally is cheaper. The main issue with buying things in bulk is when you cannot use the bulk size up in a timely matter, and then throw the extra out. If you are going to buy items in bulk, buy them only if you know that they will be used up, and if the items have a long shelf life.

Paper products like toilet paper, and can foods, are two examples of items that you can buy in bulk without wasting money. If you are not going to use a lot of the items in a timely matter, the smaller packs are normally a better deal.  Also, those “Buy More, Save More” deals are not really there to save you money in the long run.

  • Drinks

You would be surprised at how much money per month you are spending on coffee, bottled water, and alcohol. These drinks are one of the biggest money vacuum that most people do not think about. The best way to cut down on the money being eaten by drinks, is to use your kitchen. In most places, tap water is not a risk to your health, and you can make just as good if not better coffee and tea in your own home.

Our brains do play tricks on us when it comes to saving money, when we are really spending it. So, keep your eyes open, and ask yourself-questions before you buy. The more you are aware of what you are wasting money on, the easier it will be to overcome the extra spending.

Easy and Trusted Ways to Make Money Online

I continuously get questions from my friends on how to make money by being at home. And, I too think it’s really necessary for each and every one of us to know how to make money from home given the higher levels of unemployment today. Millions and millions of students are finishing their degree programs each and every year and not even half of them are getting an employment. Upon thinking about this, I made a quick research on how to make money online. Many people are claiming that the online resources are not trustworthy for making an income. But, I would say you can make some good money by utilizing the following online resources. See how here…

1. How to Make Money From Youtube Videos:

Wondering how to earn from Youtube videos? Well, whenever you are selecting a Youtube video to watch, you are seeing advertisements, right? This is how the video poster is earning money. The video poster would get a commission from ‘Google’ through a program called ‘AdSense Youtube Monetisation’ if you watch an ad. So, how can we earn through this program? You can just make a small video describing a product you bought recently in the best way possible. Then, upload it to Youtube and include the affiliate link of that particular product in the video description. Now, you are done!

2. How to Make Money With Freelancing:

Most of you might be aware of freelance business through which you make lots of money by being at home. Anyone can start a freelance business by registering your profile in the freelance or micro-job websites like:

  • Upwork
  • Freelancer
  • Fiverr
  • People Per Hour
  • 99designs
  • Freelance Writing Gigs

Not only these, there are lots of other websites from where you can start your freelance career. It is to be noted that the only prerequisite for starting a freelance business is that you need to be good on your English language skills in addition to having some special skills. So, how much could you earn through freelance projects? For each of the completed freelance project, you could earn about 5 to 1000 USD depending on the type of work you deliver.

3. Make Money With Application Development:

This would be the best way to earn money for the programmers and language experts. If you know programming or if you are an expert in computer languages like C++ and Java, you can make more and more money by developing applications and uploading them on Google PlayStore. By just develop an application and uploading them by going to ‘Google AdMob’, you can start earning. In addition, you can get more money for the ad clicks by doing the ‘ad optimization’. How about this additional income?

4. Affiliate Programs:

You might have heard about the affiliate programs and have tried some too. Yes, the affiliate programs actually work. The companies who are offering affiliate programs would get unique customers to them for which they are paying you a commission. The best affiliate programs are being offered by the following websites:

  • Flipkart
  • Amazon
  • Myntra
  • Jabong
  • eBay
  • GoDaddy
  • BigRock

List of Stocks held by Rakesh Jhunjhunwala September 2016 Stock Portfolio

Rakesh Jhunjhunwala is one of the most successful share trading market investor of India. His judgment and foreseen power is so sharp that his friends and relatives ask guidance and suggestion from him whenever they think of share market investment. He makes has own portfolio in his own firm Rare Enterprise. Rakesh Jhunjhunwala has net worth of more than USD 1 billion investment. He started investing in share market while he was in college only and soon after completing his college he made it as his carrier. His first investment was $100 in the year 1985 when the BSE Sensex was at 150.

Rakesh Jhunjhunwala earned his first profit in the year 1986 of Rs. 0.5 million, by selling 5,000 shares of Tata Tea at a price of Rs. 143. He bought these shares three months ago at just Rs. 43 per share. That mean he made a profit of Rs. 100 per share out of selling these.

Rakesh Jhunjhunwala was born in 1960. His father was an income tax officer. After completing his study of Chartered Accountant he becomes the full time investor of BSE i.e. Bombay Stock Exchange. He carries his own trading firm “Rare Enterprise” and manages his own portfolio in this firm as a partner. The name of Rare Enterprise derived from the first two letters of both Mr. Rakesh Jhunjhunwala (Ra) and Mrs. Rekha Jhunjhunwala (Re). He made his first million profits in an iron ore mining company Sea Goa. He bought its share at Rs. 27 and sold at Rs. 1400.

The philosophy of Rakesh Jhunjhunwala is “buy right and hold tight”. India Today magazine describes him “pin up boy of the current bull run” and Economic Times describes him as “Pied Piper of Indian bourses”. In an interview Rakesh Jhunjhunwala said – India is in the middle of a bull market. “I think we are in early stage of it, because bull markets cannot end just like that”. He is a big bull on the Dalal Street.

Rakesh Jhunjhunwala Stocks Portfolio 2016

Rakesh Jhunjhunwala Stocks Portfolio 2016


Rakesh Jhunjhunwala Stock Portfolio

List of Stocks held by Rakesh Jhunjhunwala, Rekha Jhunjhunwala or Rare Enterprise by September 2016

Company Name                   % Holding             No of Shares                 Rs Crore
(in Lakhs)

Aptech                                     41.57                      170.56                            124

Geometric                                 19.35                     122.51                            122

A2Z maintenance                      16.7                       123.88                             16
& Engineering

Viceroy Hotels                            14.64                      62.08                              12

NCC                                           11.54                      296.08                             89

Autoline Industries                     10.18                       12.51                              10

Rallis India                                  10.03                      195.08                           349

Titan Company                            9.05                        804.66                           1799

Bilcare                                          8.51                        20.03                              10

Praj Industries                               8.45                        150.02                           70

Geojit BNP Paribas Financial           7.88                          180                               36

Delta Corp                                      6.84                          155                              182

Kesoram Industries                         6.83                          75                                55

Prime Focus                                     6.14                          113.95                         38

CRISIL                                              5.67                          40                               444

Escorts                                             4.08                          50                               60

Adinath Exim Resources                   4.05                          1.66                             0

Firstsource Solutions                        3.8                             250                             61

Sterling Holiday Resorts                    3.67                          25.05                           20

Mcnally Bharat Engineering               3.21                          9.98                             6

Prozone Capital Shopping                 2.46                           37.5                             6             Centres

Anant Raj                                         2.12                           62.5                            35

Spice Jet                                          1.92                            100                             19

Lupin                                               1.76                            78.83                         737

Federal Bank                                   1.55                              270

Hindustan Oil Exploration                 1.5                                19.61                          8

Pipavav Defence &                           1.43                              105                             48


TV18 Broadcast                               1.34                              229.4                           56

DB Realty                                       1.03                              25                                 15

(This is the rough information available on the reputed financial websites sources and this information may be vary to actual so please note that this article is for information purpose only.)

CFC Stanbic slashes rates for old and new loans

cap bill

CFC Stanbic is the first bank to slash their rates on existing and new loans. This comes after President Uhuru Kenyatta signed into law the Bill to cap interest rates levied by banks on loans. According to the bill the rates should not be more than 4% of the rates set by the Central bank. Now CFC has set their rates at 10.5% for both old and new loans.  Other banks that have reduced their rates are the KCB and Co-operative banks. However, the two have only reduced for new loans as they await guidelines from the government on how to treat old loans. The reduction of loan rates is good news to citizens as most have ended up paying much more for loans than they expected.

Why Kenyan bankers opposed the bill to cap lending rates

Kenya bankers association (KBA) was opposed to the bill as they claimed it would lock out those who struggle to access capital. They also claimed that it would go against the financial inclusion policy. KBA incoming Vice Chairman said that the bill would affect the country’s economy. This as he said was because small d medium enterprises (SMEs) who depend on financial support from banks would be greatly affected.

This was the third attempt to make amendments to the Banking act. The first attempt was made in 2001 and also in 2013

Speculated impact of capped bank interest rates

Governments cap interest rates for various reasons that could either be political or for economic reasons. Kenyan members of parliament based their reason on excessive profits made by the financial institutions. The capping is expected to protect vulnerable borrowers from predatory lenders.

With reduced rates it creates larger pool of willing borrowers. Lenders are faced with a challenge:

  • If they should increase lending which may bring in more bad clients who will have non-performing loans.
  • Whether to invest more on processing systems in order to properly identify good clients. This, however, raises operating costs.
  • Invest more on reaching out to good clients which will also increase the institution’s overheads.

All the options increase cost for the financial institutions which may affect the institutions. However, the institutions could absorb the changes and still maintain a profit.

An immediate impact observed after signing of the bill into law was a stampede on the Nairobi Securities Exchange as people rushed to sell their shares.  Other banks paused issuance of unsecured loans, loans on motor vehicles as well as emergency cash loans.

EAC monetary union

East African countries are closely watching the outcome of the capping as Kenya is the first country in the region to introduce the law. It is feared that the new law on interest rate capping could affect the EAC monetary union.  Experts claim that higher risk borrowers will be blocked while banks could be forced to mergers and letting go of staff in order to fit in markets where rates are not capped.

President Uhuru on signing the bill acknowledged there would be challenges. However, he said that the government will monitor the challenges while working on measures to reduce the cost on credit.