Archive of posts from July 2024

  • Should You Prepay If You Are Nearing The End Of Loan Period

    I recently wrote a post on whether one should prepay loan or invest if you have extra savings lying around. A reader commented that a friend had a different opinion about prepaying loan when she is already at the end of the loan period. Here is the comment again for your reference – “Not used to loans, but different view from my friend. She had availed personal loan for 4 years (if I’m correct) and was in 3rd year when she received a good bonus that she can close her loan but instead she didn’t. When asked she said as part of EMI she had paid all interest and what she is paying is her principal and very minute interest so she said it’s unworthy to repay the loan. She had a point there”. While she is correct in that, one is paying more of the principal than interest towards the end of a loan period, the benefits of prepaying still remain.

    ...continue reading
  • Black Belt In Shotokan Karate

    I finally received my Black Belt (1st Dan) in Shotokan Karate after training for it for nearly 7 years and I am super proud of it! I know it took a bit longer than a few others but I am too old I suppose :). I have heard of people, in fact kids receiving black belt in 2 or 3 years. I can tell you that at least in Shotokan Karate, it is almost impossible to receive any kind of black belt with in 5 years. It takes even longer for kids because they still have to build up the strength. My daughter who joined almost at the same time as me is now in Brown Belt (4th Kyu). Of course, if you are young, fit and dedicated you can still achieve in 5 years time.

    ...continue reading