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Showing posts from May, 2023

Financial Health - At Individual and National Level

It has been more than a year in U.S. and more than anything else, the stint is useful for me and also helpful since my financial health is good. I never imagined days like these will come but the duration made more financial sense to me than any time before. A year in India just before arriving here had me paying my entire salary for monthly instalments to clear loans etc. It was very tough and dark but owing to factors working for me since a year, the days in U.S. cleared many of those past dues. These days are more to serve the self than serving the home country and everything else. You serve everyone else when you serve the self first . If working here can be more of a self-help, then there is no point to discontinue . I came at an opportune time when I am going to get better financially. The great nation that is U.S., played its part in giving the benefit. We need to see everyone is served well financially and no one goes broke. The main objective of any leader is to see the h...

Student Loans, Debt and Need For Better Days Ahead

Any good work happening in a nation should solve some of its pressing problems. There is a lot of good work happening around in U.S. which should solve problems of colossal scale and move the nation in a decent trajectory. While the nation came good in few areas, there are certainly few other areas where the country evolved into a colossal mess. One of those areas is the student debt where the nation has unleashed a trillion-dollar burden on the young shoulders. How the nation reached this point without checks and balances is a difficult question to answer, particularly in a developed rational country. Today the total student loan debt is 1.75 trillion dollar . To put in perspective, this amount is approximately equal to the total economy of Brazil or Canada – the 9 th or 10 th largest countries in the world in terms of GDP. This colossal numbers burdening the young students is unheard of in any part of world.   When you work hard, it should make life easy for the ...