Five Golden Rules on Financial Management by Mr.Senthamizhan

Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like —Will Rogers

Mr.Senthamizhan Maniarasan is the founder of Semmai Vanam [ A training initiative, that helps the people, to go back to our human basics and nature ]. He regularly delivers speeches about healthy, happy, peaceful and meaningful living.

In the below article, I have presented the tips given by Mr.Senthamizhan about Financial Management during one of his lectures.

1. Never buy a home on EMI [ Home Loan ]
2. Never buy a car on EMI [ Car Loan ]
3. Never Spend too much money for Wedding / Marriage
4. Never Spend too much money for Birthday party
5. Never spend too much money on child’s Education

After doing a thorough research in the Internet, books, Youtube, etc all the financial planners advice's is not to buy a home on EMI. Even the world’s No.1 personal Finance guru Robert Kiyosaki [ Author of Rich Dad Poor Dad] labels the home that we stay as liability [ Which takes money from our Pocket ].

I strongly agrees to all the above five points about the financial management suggested by Mr.Senthamizhan. It is we who put ourselves in the Financial Ratrace and always complaint someone else for our problems.

Let’s have a clear understanding between Wants and Needs and spend only for the things that is a need. Wish you all a wealthy and prosperous life.