Sunday, July 15, 2012

Want to stay a Millionaire?

"If you want to be a millionaire, start with a billion dollars and launch a new airline" - Richard Branson (Virgin carrier CEO)

Richard Branson's famous joke may seem prophetic to Vijay Mallya of Kingfisher Airlines, who is more or less facing the same situation and the heat of bad economics of owning an airline. However the objective of this article is not to poke fun at the airline industry or discuss its bad economics. I read an interesting piece in another blog which showed another method to lose your money fast - lock it up in your locker and sit tight! Yes, if you do nothing about your money, you can ensure that you would experience a steady decline in your living standards. To illustrate this, just check out this table which was published by Daily Mail,a London newspaper.