20 Tips to come out of liquidity crisis...

When you have purchased a new house and settling down with the EMI or say spent a lot of money recently in your marriage, you may face a severe liquidity crisis, unless planned well. This means expenses shooting far higher than your income. Once you start using expensive credit card, home top-up or personal loans, you start getting stuck in a debt trap. So if you are in such a crunch, consider below suggestions. Obtain Low or No Cost Loans 1. Request an interest free loan from your or your spouse’s employer. 2. Take loan against your Gold 3. Use the home loan porting facility & reduce the EMI. You will have to pay a one-time charge of around 0.5% of the outstanding loan to the new bank. Your existing bank may as well allow you to switch to a cheaper rate loan with a similar one-time charge. 4. Withdraw or take a loan from your insurance policies 5. Get a loan from your parents or your spouse’s parents. 6. Borrow money from a close relative or a good old friend at say 10% p.a. This is far cheaper if you are using the credit card to fund your deficit. Reduce the Outflow 1. Extend the home loan from say 20 years to 25 years. 2. Target say 10% cut in your household spend. Announce this in your house. Lead by example. 3. Look at your Top 5 spends. If the discounts are not possible, ask them to give more quantity and or value at the same price. If not, hunt for bargains. Use internet. 4. Defer expenses to next week, next month, next quarter or next year. In a liquidity war, say no to every rupee that wants to go out of your...

That tube around your neck...

The stethoscope has evolved over the years and the origin of the stethoscope and its history is as fascinating as the history of medicine itself. The origin of the stethoscope is credited to Laennec in 1816, who initially devised a cone made of thick paper and used it to hear sounds!! The stethoscope or “steth” as it is popularly referred to has come a long way. The tubing has changed in length and consistency and keeps evolving. The bell and the diaphragm keep changing to improve acoustics. The ViScope can, in addition to hearing sounds can also see the heart beating under vision. For a medical student, the acquisition of the steth marks the transition from theoretical to practical medicine. A doctor is synonymous with a stethoscope and the point of a time when a medical student starts using it is quite a milestone in his medical career. Though, many may not really use a stethoscope for the rest of their careers! Teachers and professors would continue to stress the fact that more important than the stethoscope on the ears is what is undoubtedly between the ears- that is the brain and its ability to make sense of what one hears! The steth is a bit of a status symbol for someone in clinical medicine. It could set you behind by an amount ranging from Rs . 200 to Rs. 20000 and beyond. It really depends whether you are going in for a Nano or a BMW! The way you carry a steth is also a very individual style statement. Most sling it casually around ones’ neck. There are some who bunch it into a very ungainly mass in one’s trouser pocket. I have seen doctors affixing it on to their trouser belt loop...