#MyLongHappyLife


Take a look at the video above about a well planned life for a happy tomorrow. Now look beyond the fact that it’s an ad by Exide Life meant to sell insurance products.

I like the fact that at the end of the video,the wife asks her husband what he has planned for “now”. Planning out the future is important and wealth building for the future is good. Planning and making provision for future needs cuts down on unnecessary suffering somewhere down the line and ensures that ‘Kal Khoobsurt Hai’. Read more of this post

Common Sense


wealthymatters

On Happiness


wealthymatters Read more of this post

Real Wealth Vs. Paper Valuations


 

wealthymattersSam is a painter. He has about $50000 in cash and no particular income source apart from small gigs here and there. He is very savvy in his expenses and doesn’t waste any of it, painting most of the time.

He shows his paintings to one of his friends, who happens to be a consultant. The friend on seeing a particular painting, stops and wanders in exclamation, “Dude, you should show this to art galleries, they would pay 100s of millions for this”.

Sam gets excited. He gets some more consultants to do the review for his painting and they too tell him that they can sell the painting easily for 50 million dollars. He pays the consultants $500 each in fee and they are off.

Sam is very happy. He is going to be a millionaire. He decides to celebrate. Spends 1000 dollars on dinner and wine. Next day, he meets a lot of people, “They say, yeah, this is a really wonderful painting. Congrats, you’ve come up with your masterpiece.” Read more of this post

Out Of The Box Thinking To Make Capital


wealthymatters“I heard a story how a company made its capital back in 1970s in Kerala.  There was a manufacture who wanted to install a huge machinery in a pit prepared in their factory. The machinery was very heavy and delivered by its manufacturer at the site of installation. Now placing the machinery in the right position near 30 feet below the ground level was a big problem. It should be handled carefully otherwise it will damage the base as well as the machinery.

Remember huge cranes were not available in those days as they are today. Many quoted for the job and all of them thought of bringing crane from other locations and get the job done and they all quoted above Rs.10 lakh to 15lakh.Somebody also enquired if there is a problem if the machinery get wet with water. The answer was ‘no’.   Read more of this post

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