CA Avinash Shukla

Welcome back readers, Those who are aware of financial terminology might have assumed that there is a mistake in the title, because the phrase “Time value of Money” is common in the field of finance. It deals with calculation of relative value of money at different time frames, simply putting it, Rs. 100/- in 2020 is neither same as Rs.100/- in 2010 nor same as it would be in 2030. I am not writing on Time value of money; you will find a lot of reading material on the internet to know more about it. I am writing on “Money Value of Time” and thus, the title is right. Money value of time means the value that one assigns to one’s own time. It is subjective and personal. We are free to think optimistic about value of our own time but it is essential to find a rational mean. Let’s look at a simple example – Say Mr. Arjun is a corporate trainer and quotes Rs.60,000/- for a day of training which lasts for about 6 hours. The figures enable us to immediately calculate the per hour rate an...

Dear Readers, I discussed about Right brain dominant person in last blog, I will write about peculiar characteristics of a Left-Brain Dominant persons and their strengths and weakness in relation to Financial Management. Left brain is responsible for logic, number crunching, data, language, observation as well as intra personal intelligence. Those with dominant left brain need a lot of data before deciding on anything, they have ability to understand & analyze large data, find patterns in numbers, they are good at calculations and establishing logical reasoning in almost anything. Such persons may lack intuition and may not be able to decide unless the numbers are favorable. Such people are too objective in decision making and tend to miss the subjective or emotional component of the same. It is highly recommended for left brain dominant people to be in Finance, engineering or data analytics. Can we conclude that such people are really good at Financial management? Apparently...

  Welcome back after the weekend. As we all are aware that, we have 2 sides of the brain viz, the right and the left. Each side is further divided in 5 lobes each forming total 10 distinguishable lobes. But today’s topic is limited to Right brain in general. Each side of the brain is functional and necessary for certain specific tasks/activities. Every normal person has both the sides functional but the capacity of each side may be different thereby creating differences in behavior  and decision making. Let’s look into typical characteristics of a right brain dominant person. Right brain in general is responsible for creativity, art, abstract ideas, emotions, empathy, music, aesthetics etc. What we can make out is, abstract ideas or creativity is never bound by discipline, it cannot fit in to calculations and it cannot be measured. Thus, such people generally cannot fall in discipline, they prefer to be free and work only when they feel like. They hate the 9 to 5 culture. ...