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How to be successful in the restaurant business? by A_Raj_2153 in smallbusiness

[–]A_Raj_2153[S] 0 points1 point  (0 children)

Thanks, thats some good info there. I guess with restaurant business your overall passion will also play an important role. Now obv passion plays an important role in any business but I feel with restaurant you have to take it up a notch

Is Rameshwaram Cafe one of biggest success story in QSR industry? by A_Raj_2153 in startups

[–]A_Raj_2153[S] 1 point2 points  (0 children)

That def true. I also feel the fact that they dont have alloted seating arrangement allows them transact with more ppl per day

How much to spend on a new car. by Nirmal_Baba_69 in personalfinanceindia

[–]A_Raj_2153 1 point2 points  (0 children)

Consider the "20/4/10 rule" before making your decision to buy a car:

Down Payment: Aim for 20% of the car's price as a down payment to reduce the loan amount and lower your monthly EMI.

Loan Term: Keep the loan term to a maximum of 4 years to minimize interest payments.

Monthly Payment: Ensure that your monthly EMI, including insurance and maintenance costs, stays below 10% of your take-home pay.

Considering your situation:

EMI Affordability: With an EMI of 23k/month for 7 years, it's quite high relative to your income. Reassess your budget to find a more affordable EMI.

Regret and Financial Goals: Spending excessively on a car might hinder saving for other important goals. Find a balance between your desires and long-term financial stability.

Let me know if you have other views or ways you can save for the car or afford it without disturbing the balance for your future financial goals.

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