......SOARING HIGH........^^^^^^^^!!!

a person who steals a million rupees is an industrialist and one who steals few rupees is a thief ?

2012-01-14T20:56:00.001-08:00

coming across this topic for group discussion can be interesting . when the world debates around corruption for clinching an answer for it , i feel the answer lies how u extract that million which decides where u land urself . an industrialest earns it within the legal framework whereas a thief may not. an industrialist has to feed thousands working for him , helping him earn . he cannot force the consumer unless he can establish a monopoly in marketplace. a thief on the other hand takes away at gun point .
more or less to sum it up . its where you stand in the pyramid of society that defines it . an industrialist can pass on the blame to the next guy . but what about the guy standing at the end ?? yes he ought to be the thief . its not me but the society who decides that .

the baniya tree

2012-01-07T21:39:00.000-08:00

the baniyan tree is revered in india , growing and expanding . still sticking to its roots . well even the baniya's display the same traits . the trading techniques that have been practiced for ages , all passed down to the succeeding generations . the best example is of mr kishor biyani . the sam walton of india , a simple guy who took on the retail world , infused the indian technique and modern retailing philosophy . the birth of future group .

the word called recession

2009-02-26T08:03:00.000-08:00

yea.. thts the word which is on everyone's lips .. be it a housemaid or ceo . it hits all and none are spared . pocket money is dwindling , lack of business orders , stock indices bowed down , its a gloomy atmosphere and why it wont be ??? loss of job on one hand and the EMI 's on the other , juggling between these two can take a serious toll . graduates are finding it hard to get into corporate life, the once common packages are a distant dream .
i guess during a recession ( which runs in cycles , ie there is cycle between recession and expansion (bullish era $$$) one should get into a small or mid size company rather than a big multi national . work up the ladder , u will get enough time to learn in small companies and climbing the career ladder will be swift . and once the bullish era begins u can make the switch will pay u handsome rewards as ur experience would be like a gold mine .
grabbing a piece of education i mean a higher educational degree would be fantastic , that will act as a boost to ur pay package and will take u on the extra mile where there isnt much competition .
recession isnt tht bad .. if u know to play by its rules .
" we all love the bull , but start caring about the bear i know the bees sting but afterall honey is not free but its the best sweet "

During recession

2009-01-10T21:17:00.000-08:00

lots of graduates , lots of companies , big salary tickets big cars and lavish life , well those were the days of the bull run . now its over to the bear , business runs in cycles first there is expansion(wht u call as gdp growth , profit growth in short a bullish era ). then as the economy heats up becoz of inflation (soaring prices of essential commodity) the demands fall as govrnment hikes up the interest rates so people dont spend much and save their money with the banks .
but soon there are hoardes of difficulties , may be because of NPA's ( non performing assets) > it is the beginning of the recession which if detoriates further may lead to depression (which is a rare event.. happened during the year 1929 . and major factor that lead to the second world war ) .
during recession the employee will realize how "loyal " his company is to him .
these are the times when majority of office lovers get their first love what u call as "pink slip " termination letter handed in the name of restructuring , downsizing (its an essential part of business cycle and no politician should make an issue out of downsizing or else the entire company would vanish ).
the major signs of recession are > the stock market crashes heavily , u would see beeline of trucks stranded on the road , no campus placements , joining date postponed for 2 years , you wont get calls from ur mutual fund salesman ,
You wont open the pink pages .
well i feel during recession , esp students .. they should make use of the time and invest time and money into studies , that would pay off during the bull run .
working in a small and medium sized company (midcaps) would be better . as the growth is assured and at a faster rate .
cut down on ur plastic money esp credit cards .... (usa is in ruin because of excessive credit misuse ...)
and last but not the least watch the spanish bull fighting and pray that the bull comes back soon ..

when a blogger meets a dhandho guy

2009-01-04T10:51:00.001-08:00

indians are good entrepreneurs , if u doubt look at the steel tycoon who rules the world ... only thing tht stops us from becoming entreprenuer is our sterotype . In our country we are never trained to be an entreprenuer , its always the risk free menatlity tht drives us .. i feel thts the basic difference between us and the israelis .. they dare into the unknown territory(not the gaza ) , into technology , research , medicine and have produced world class business leaders .. if u think in terms of indianess then doesnt jews and gujjus rhyme .. they are in sync .. good risk takers and the pioneer of dhandho investing .. the term dhando isnt an age old saying .. its valid even today and the great pros like warren buffett , sir richard branson and many others use it ..
the ideology of dhandho investing is contradictory to what the B schools teach .. since it propogates the idea of " low risk and high returns " which is possible , but the b schools wont believe so .
Its the classic saying of " head i win and tails i dont loose much " . dig a lil deeper and if u spot " the dhandho investor - by mohnish pabrai " on the strand . pick up and im sure .. u will smile at the marwari , next time u see him .

MOM > ITS HARD TO GET ANYTHING WITHOUT IT !

2009-01-02T23:23:00.000-08:00

MOM ...offcourse u require ur mother's blessing for any endeavor .. but the MOM i am speaking is an acronym for Motive , Opportunity and Method . Its essential that u have all three . without motive u wont be bothered , if u have motive u can succeed when u get the opportunity but make sure u know the method or else u will be confused and would bleed time and its the only thing u crave the most in this era . Time .
Any entrepreneur knows this and will have to get going . its valid for everyone as all truth's are . so next time u see ur mom think about the MOM ... and u will appreciate the importance of both .

PASSIVE INCOME ... the secret of financial independence

2008-08-31T12:20:00.000-07:00

Economics is about how you realise your dreams and achieve financial freedom. Can you get up in the morning, decide not to go for work and yet generate income? One of my friends in his thirties has already retired from active employment. He travels around Canada, educates teenagers on how to live life, enjoys his time on the beaches and leads a rich life-style. You can do so too, if you can generate what economists call “passive income”. What is it?

Passive income is income generated without you sweating for it! If you invest wisely in stocks or mutual funds, you can expect to generate income periodically. Income from Internet-related businesses is passive. Writing books and receiving royalty is another example of such income.

Why should you generate passive income? If you want to improve your life-style, you need to generate more income. This would mean asking your boss for a raise, which you are unlikely to get.

The alternative is to look for other ways of generating income. With a full-time job, you will have to generate such income without spending much time on it. Setting up streams of passive income is the most effective way to improve life-style.

Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad advocates buying assets ( assets are things which get money into ur pockets ) like house properties , business and generating positive cash flows. That is, the rent that you earn from the property should be more than the mortgage and other expenses that incur on the property every year.

You should have three-four different streams of income other than your salary. That way, you can achieve your financial freedom faster — just as my friend did at a young age of 35.

This is a way of achieving what u call financial independence. In his book the "cashflow quadrant " he has explained in depth about the various quadrants in which a man works. It shows wht is the major difference between a bussiness man , a ceo , and a doctor.It also highlights the importance of financial intelligence in life , we all get educated at schools & university ,, but very few people are able to get the financial knowledge .. if u think its boring ! have a second look . the robert explains it in his book ,im sure u will change ur mind once u have read it ! go ahead take the plunge .. i am sure u will come out smiling .

so decide ur quadrants . think about it .. and look out for assets . grab them and u can be one of the "rich dad".

THE LAW OF ABUNDANCE >>>BY UNCLE SCROOGE

2008-08-22T12:14:00.000-07:00

The Law of Abundance- there is ample money for everyone who knows how to acquire it and keep it. We live in an abundant universe in which there is sufficient money for all who really want it and are willing obey the laws governing its acquisition.

You Can Have All You Want

There is plenty of money available to you. There is no real shortage. You can have virtually all you really want and need. We live in a generous universe and we are surrounded on all sides by blessings and opportunities to acquire all we truly desire. Your attitude, of either abundance or scarcity toward money, will have a major impact on whether you become rich or not.

Make a Decision

The first corollary of the Law of Abundance says that, "People become wealthy because they decide to become wealthy."

They become wealthy because they believe they have the ability to become wealthy. Because they believe this completely, they act accordingly. They consistently take the necessary actions that turn their beliefs into realities. And you can always tell what your beliefs really are by looking at your actions. There is no other way.

The second corollary of this law says: "People are poor because they have not yet decided to become rich."

Examine Your Own Thinking

In the book, The Instant Millionaire, by Mark Fisher, the old millionaire asks the boy who has sought his advice about becoming a millionaire, "Why aren't you rich already?"

This is an important question to ask yourself. However you answer this question will reveal a lot about yourself. Your answers will expose your self-limiting beliefs, your doubts, your fears, your excuses, your rationalizations and your justifications.

Review Your Reasons

Why aren't you rich already? Write down all the reasons you can think of. Go over your answers one by one with someone who knows you well and ask them for their opinion. You may be surprised to find that your reasons are mostly excuses that you have fallen in love with.

Whatever your reasons or excuses, you can now get rid of them. The world is full of hundreds and thousands of people who have had far more difficulties to overcome than you could ever imagine, and they've gone on to be successful anyway. So can you.

Action Exercises

Here are two things you can do to apply this law immediately:

First, imagine that every experience you have ever had with money contained a special lesson that was designed just for you to help you to ultimately become financially independent. What are the most important lessons you have learned so far?

Second, analyze yourself honestly and determine your biggest block, your major self-limiting belief that holds you back from becoming more successful financially. Resolve to act from now on as if this block no longer exists.

Warren Buffett's Advice to Young People Seeking Financial Independence

2008-07-06T23:33:00.000-07:00

Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It's not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating:

"The biggest suggestion I have is to avoid credit cards. Interest rates are very high on credit cards. Sometimes they are 18 percent. Sometimes they are 20 percent. If I borrowed money at 18 or 20 percent, I’d be broke.... So if I had one piece of advice for young people generally it would be to just avoid credit cards."

we all are KIDS !!! SMARTER ONE'S RT....

2007-12-15T11:06:00.001-08:00

Teach Your Children the Value of Money
"Reading, writing, arithmetic" -- too bad that list doesn't include personal finance. Most kids learn the basics of money and making change in grammar school, but probably won't learn how to manage money unless they choose finance as a career path. That means it is up to all of us to see that our children reach adulthood prepared to face life's fiscal challenges.

2
Earlier Is Better

The benefits of teaching your children about money early on are both immediate and long term. In the short term, they may develop strong saving habits, learn how to make smart purchases, begin to understand the true meaning of "investment," and perhaps even learn why they can't immediately get everything they want. In the long term, you can help them avoid accumulating debt. And by teaching the value of saving for the future, you can help them plan for financial security.

As you think about how, what, and when to teach your children, consider letting them direct you by using their natural inquisitiveness. (But remember, it's never too late to start teaching -- even adults can be taught the basics of personal finance.)

3
Where Does Money Come From?

An ideal time to begin teaching your children about the basics of money is when they first begin to notice it. In a child's world, money comes from Mom and Dad's pockets. And when Mom and Dad are tapped, a machine magically spouts dollars after merely pushing a few buttons. It's natural for them to assume that money is readily available whenever it's needed.
When they can't understand why you can't meet their every demand -- and you're about to use a standby response such as, "Money doesn't grow on trees" -- remember that a more constructive explanation may serve both of you better.
Even very young children can begin to understand the concept of earning money. Explain to your children that money is earned by working, and that you can only spend what you earn. To help them understand what it's like to get paid on a schedule, begin paying an allowance. Then help them set goals for how they spend and save their allowance. It's important, however, to make sure that you stick to the payment schedule; otherwise the lesson may be lost.

Your Child Could Become a Millionaire
This chart shows the growth, compounded at 8% monthly, of an investment of $100 per month beginning at age 4 and ending at age 18, assuming that the investment remains untouched until age 62. This example is hypothetical and does not represent the performance of any actual investment.

4
Children and Allowances

Experts differ on whether or not allowances should be tied to household chores. Although many people say children will learn more about personal responsibility if they are NOT paid for pitching in around the home, others feel it teaches them valuable lessons about working and earning. You might consider paying your children for chores outside of daily duties, such as helping to garden or wash the family car.
5

Make Saving Interesting

You hear it every time you walk by a toy store: "I want...Buy me this... !" Again, pause and take a moment before responding. This situation presents a great opportunity to teach another important lesson about personal finance: savings and interest. Explain that people often save their money for items they want to buy.
A simple savings lesson involves using a piggy bank, shoe box, or empty peanut butter jar. Make the lesson fun by having your children decorate the "bank," while explaining to them how you also use a real bank to save your money. Encourage your children to save a portion of their allowance for a special goal. As they save money, you might reward them with a small additional amount, just like a bank pays interest. At the end of each month, calculate how much they have saved and then chip in a certain percentage as interest.
Last, to further encourage the learning process, you might consider plotting a visual chart of their savings (include the goal) so they can easily see their savings grow. Remember to keep it as simple as possible, geared toward each child's level of understanding.

6
Banking and Investing

Once your children have been saving enough to accumulate $10 or $20, take them to the bank to open their first savings account. Most community banks will allow children to open first accounts with low minimum deposits. Some even have accounts especially marketed to kids to make the learning process fun. Make sure that your children receive a passbook so they can see the progress of their savings efforts, as well as the interest that accrues.

Once your children have mastered banking with an institution, you can begin to teach them about investing. When your children want something that they can't quite afford, discuss the value of saving versus borrowing. If you do extend credit, use a written IOU, establish a repayment schedule, and charge interest. By doing this, you establish the framework for teaching your children that bonds and certificates of deposit are IOUs representing loans from investors to institutions.

7
Compounding

As your children get older and perhaps take on part-time jobs to earn more money, their savings will likely amass at a quicker rate. Now is the time to review the lesson of compounding, or the ability of earnings to build upon themselves. Explain how compounding can be more dramatic over time; the longer money is left alone, the greater the effect. This can lead into a discussion about investing and how certain investments can have a greater ability to compound over time.
Giving a gift of stocks of well-established or kid-oriented companies can be ideal ways to teach your children about investing. Most children would love to think of themselves as owners of Ben & Jerry's, Disney, or Toys "R" Us. Some companies even have shareholder meetings directed to children.
Mutual funds may be good vehicles as well. Like banks, some fund companies have specific programs to teach children about investing. Often such funds have low initial investments, as well as marketing materials designed to make the investing process fun.

8
A Little Learning Can Pay Off

Teaching your children about our complex financial system may seem daunting, but you can help put your child on the right track by encouraging smart habits now.
Is it worth your time and effort to help your children learn about money? As Benjamin Franklin once said, "An investment in knowledge always pays the best interest." Answering your children's questions honestly and in terms they'll understand can help them begin life on sound financial footing.

Summary

The benefits of teaching your children about money can be both short and long term. Let your children help you determine how to teach them. Use their questions to develop lessons.
Explain to children that money is earned. Consider paying them for helping with certain chores.
Use a piggy bank to help teach about savings and interest. Set a savings goal to encourage your children to save some of their allowance. Calculate how much is saved each month and chip in a certain percentage as interest.
Take your children to the bank to open a savings account requiring a lower minimum deposit.
If you extend credit, issue an IOU, set a repayment schedule, and charge interest.
Review compounding, or the ability of interest to build upon itself.
Once your children begin earning their own money through part-time jobs, introduce them to investments such as stocks and mutual funds.

Checklist

If they're old enough, help your children set up a plan to save for their own goals (such as a new video game) and other accounts for family goals (such as paying for college).
Agree on an amount of their savings that you'll "match."
Schedule time to talk about how investing works and how it may enable people to reach their financial goals faster.

Talk to your children about good shopping habits. Perhaps you can ask them to clip coupons and let them keep some of the savings.

WHAT TO DO B4 U INVEST !!!!!!

2007-12-02T23:40:00.000-08:00

Prerequisites to investing

1. LIVE WITHIN UR MEANS:
If u find urself constantly running short of cash towardthe end of the month, you may need to institute better budget controls and probably will not have any money available for investments. On the other hand , if u are not overly indebted and generally have money available for regular expenses,small gifts and occasional indulgences, you shld begin thinking about an investment program.

2. CONTINUE A SAVINGS PROGRAM:
A good financial manager saves regularly to acquire goods and services or to build an emergency fund. Even u must save so u can make periodic investments of the collected savings !

3. CARRY ADEQUATE INSURANCE PROTECTION:
Liability insurance protects your assets and lifestyle in the event you are sued, and health insurance will reduce expenses if u or a member of ur family falls ill . life insurances are frequently purchased in conjunction with investments to protect the lifestyle of dependents in the event of an investors death.

4. THIS HE MOST IMPORTANT : FINANCIAL LITERACY!!!!
Before u start investing in stocks it would be advisable to be familiar with the terms and fundamentals ,, its not difficult .. u will learn tht with time .. try reading business paper . it will definitely help .there are lots of sites tht will help u learn better too!!!! U can also practice with virtual money at www. moneybhai.com , it’s a beautiful site and free of cost .

"THE GURU SAYS"

2007-11-30T10:37:00.000-08:00

INSPIRE ..THTS WHT THIS DOES!!!!!!

Bill Gates recently gave a speech at a High School

He talked about 11 things they did not and will not learn in school . He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.

Rule 1 : Life is not fair - get used to it!

Rule 2 : The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3: You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.

Rule 4 : If you think your teacher is tough, wait till you get a boss.

Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.

Rule 6 : If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.

Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.

Rule 8 : Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.
Rule 9 : Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.

Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs. Rule 11: Be nice to nerds. Chances are you'll end up working for one.

2007-11-30T10:27:00.000-08:00

lifes a journey !!!!!!!

2007-10-26T12:36:00.000-07:00

hello folks ,,,,,, lots to chat ,diverse topic ,,,,,,, and which tht matters us the most !!!! we all want to be successful in life .. have a rich life full of comfort and happiness...!!! pleasure and joy .. struggling through school days and then college ,,,for a brighter future !!!!!! we all know trignometric ratios , laws of organisation , programming , .....but when it comes to money ,,we have no clue !!!!!! we all crave for it ......." THTS the most essential nutrient , I call it "VITAMIN M"........vitamin money !!!.......money is not everything ,but something of importance which has to be respected upon !!! if u dont respect it or take care of it ...it wont take care of u either!!!!!!!... ..............we all work hard . to earn it !!!! and if i tell u magic mantra for doubling it!!! how would u feel .. im not jokin .... u will see for urself..!!!

why rich become still richer !!!!!!

millionares are not necesaarily ppl with high education or degrees!!! they know how to use their money !!!!!and they do use it !!!

ASSETS AND LIABILITIES :

assets are something which will get money in your pocket ( for eg: if u buy a house and then rent it out .. everymonth u will receive payment !!! irrespective of ur work !!! its like money tree .if u plant once then it will grow and keep on givin fruits )

liabilities are something tht take away money from ur pockets !!(eg ; ur cell phone ,creditcards ,bills,taxes...,travelling tickets ,house rents,loans .

EXAMPLE PERSONIFIED"""".......lets take an example ...if suppose mr X, has won a lottery of 1 million dollars$$$$.. wht will he do ... if he is buying a bigger house , a new branded sports car, hi tech assesories,,,wht he is really doin is buying liablities ,,these things wont get him returns on his money ,,and think abt the maintenance cost!!!!!! so u and i both know .. hell be needing a lottery ticket once again !!!!!!!.. BUT had he been wise and invested in mutual funds,shares or just saved in banks(if u get good savings returns!!),, he would have been a much happier person down the lane !!!! and would have enjoyed buying a good car with the returns he would receive from his investment ...and his investment growing with time and so his wallet too!$$$$.....!!!!!! u all agree rt !!......HMMMM Y ARE WE WAITIN FOR ?,,lets begin ........

THE FORMULA :

so the best way to be financially free is to have lots of assests .and lesser and lesser liabilities, while there is no upper limit on assests .. u can have as much as u want ,,,(lots on assets later!!! wht are the different kinds!!!)

ASSETS :

REAL ESTATE:( renting houses,purchasing it cheaply and selling during appreciation)
STOCK ,BONDS, ( THIS is the best as far as returns are concerned ,,, )
MUTUAL FUNDS..(THIS is catching up !! in the country as more and more ppl are buying it )
INSURANCE:(many insurance policies have schemes , which insure u as well has have good plans for return on investments !!! much more than banks give !! check this out !!)
BANKS:( ppl usually like saving money in banks ..they get arnd 9 to 10%on fixed deposits .. but its actually less ,,the amnt decreases due to inflation and taxes!! more on this later)
HOME:( well saving it under ur pillow makes no sense!! at all...... it wont grow and u might get a heart attack if termites feast on it !!!remember kasim the miser !!!!)
PRECIOUS METAL: it depends ,,, if u buy it for low and sell it high then u make profit ,,but thts risky as its prices fluctuate heavily!!!and u dont get interest on it !!
"BUSINESS": this is the most beautiful kind of asset !!! they will provide u with good amnt of returns !!!if u have drive and enthusiasm !! go for it , try out ur idea !! who knows u might be the next bill gates !! and i really wish u be one !!!( if u wanna start one ..have any ideas ,, contact me .... also feel free to ask any queries !!)

...............COMING SOON .............

THE DEEP OCEAN: IN DEPTH ANALYSIS OF THE ASSETS ..WHICH WE CAN BANK UPON ..

FOR PEOPLE WHO WANT TO KNOW ABT STOCKS AND SHARES !!!!!! VISIT THE LINKS .......ITS QUITE SIMPLE AND U WILL ENJOY IT!!!!!

http://www.investopedia.com/university/stocks/

http://www.moneycontrol.com/pehlakadam/start.php

VISIT IT ........IF U HAVE ANY QUERIES FEEL FREE TO ASK ......OR EMAIL ME AT trilok_sonic@yahoo.co.in

2007-10-26T03:03:00.000-07:00

Hello