Remembering The Fire In Ourselves


“We need to remember that we are fire. However, some ash gets accumulated over the mind. Once you blow the ash away then the fire will rise up and shine brightly.

If there are too many worries in your mind, then just say ‘Hmm’ (with slight force), and all that ash that has accumulated on the mind will be wiped off and you will feel fresh and bright.

Often we sit and worry, ‘Oh, this is not happening’, or, ‘That is not happening’. Life is such, sometimes what you wish won’t happen; sometimes what you don’t want happens. Never mind. Don’t sit and brood over it. Move on; march ahead remembering that you are fire.

When you know you are fire, nothing can burn you. People say, ‘I am burned out. Oh, I am so tired!’ What burned out? Come on! How can anything burn fire? Move on, knowing that you are fire. Let go of the past and move happily into the future.
And take life in its totality. Some pleasant, some unpleasant experiences – all these things happen and then they go away. Knowing that ‘I have all the blessings, I have the Grace, the best will happen to me’, you should move ahead.” – Sri Sri Ravi Shankar

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Virtual Equity

wealthymattersHave you ever wondered how billion dollar infrastructure projects are financed by the private sector in India? Here is the story:

Say there is a Rs.10,000-crore project, with a 70:30 debt-equity ratio. The promoter needs to put up Rs 3,000 crore as equity . Suppose he can scrape together Rs 1,000 crore. He will inflate the project cost to 15,000 crore.

His required  equity contribution now goes up to Rs 4,500 crore but he gets credit worth Rs 10,500 crore, more than enough to finance the entire project.

During implementation through promoter-owned companies, money will be taken out of the project, to fund a part of his equity contribution and to grease the palms that allow such an inflated project cost to go not just unchallenged, but actually blessed.

While implementing the project, he will start another project, take money out of it to fund the remaining part of the original project’s equity contribution and to service the loan on the first project once its construction is over. Then he will start yet other projects, to actually finance the second project, and so on. The first project will turn into a cash cow, if this string of loan-financed projects can continue to mushroom long enough for the loan on the first project to be fully paid off. Read more of this post

Apple’s Negotiating Formula

WealthymattersApple wants what Apple wants, when Apple wants it and how Apple wants it. And Apple will pay for it. If they don’t get what they want, they just say no. And they typically don’t come back a second time. And they may declare war on you. – Ryan Lokey

9 Things You Must Never Do

9 things you must never do

Why Your Small Business Needs To Hire An Accountant Now

Accountant vs Book keeperSmall business owners wear many hats, but “accountant” should never be one of them. Sure, everything may seem fine, but you could be inadvertently constraining your own success and profitability. What you don’t know could be costing you more money than you realize. Here are three reasons to hire an accountant now.

Bookkeeping Is Not Accounting

Depending on the size of your business, user-friendly software like QuickBooks is probably adequate for tracking payroll, business expenses, and invoices. Bookkeeping duties don’t eat up much time for small businesses with fewer than 30 employees. Often, the owner or a part-time bookkeeper is enough for managing the day-to-day tasks. While bookkeeping is great for helping you manage your business budget, it doesn’t take care of all your business’s financial needs.

A professional with a masters in accounting has the training to offer strategic advice to grow your business. Accountants produce in-depth documents, such as profit-and-loss statements, that allow you to better analyze your business practices. They can coach you about depreciation of your assets and re-structure your business for increased profitability. Additionally, accountants offer a wealth of expertise when negotiating credit or securing capital. Read more of this post


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