Siva's Page

In financial world, all objects are viewed weather they are assets or liabilities.

Types of Assets : Real estate, stocks, commodities(metals, grains etc), cash, bonds , mutual funds and so on

Types of liabilities : debt, insurance premiums, maintainance expenses and so on...

Where does your car goes? It goes into Assets and it is treated as depreciating asset (unless in it is one of those vintage cars).

So what does this mean? both assets and liabilities are either appreciating or depreciati… Continue

Most financial problems are related to mismanagement of income and Incorrect financial decisions. Lot of people tend to buy cars with $300/m payments for 5 yr they but don't opt to buy a fully paid $10000.00.

Buying car with debt is not a good choice in most cases. Paying double digit interest is scary stuff while dealing with depreciating asset.

Listening to Dave Ramsey's podcasts, most of people go for cars that are too expensive relative to their income. It is often a good idea to drive a $… Continue

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Buying back your car at the end of the lease! Is it smart of dumb?

If you got into lease of a vehicle for whatever the reason may be, Is it smarter to buy back the car at the end of your lease period?

In most cases it is smart choice but lets see when it is smart to buy it back?

Most cars are priced at 50% or less of the original price at the end of the lease. A decently maintained car can last 12 years and 250K miles and may be more. Depending on the usage, you have used only 20% of car usag… Continue

I was browsing Amazon for few things and I came across this Zymol Royale Glaze. I was about to move to the next item before I saw the price tag, It is over 7000 USD to be exact $7583.00 and thats after a dsicount of $1916.00 from its original price. Hmmm, I would have never thought about a glaze with that price tag. According to the… Continue