Dodging A Haircut


wealthymattersThere are always going to be ants and grasshoppers. Unfortunately, after the grasshoppers have partied a country to the brink,on the day of reckoning, the ants will pay the price, for the grasshoppers have nothing to pay with. Savers pay when governments keep interest rates artificially low, savers pay when inflation eats away at the value of their savings and savers pay when currencies are devalued. It is harder for prudent ants to influence governments and society because saving and investing, to progress in an orderly manner, over a period of time is so unsexy. It is far easier to fall for the glamourous visions of grasshoppers that involve great expenses today, often borrowed, to ensure a many great parties tomorrow, that will be no big deal to pay for, given greater earnings in future.

The only recourse left to ants is to disconnect from the dominant ideas of the day and continue doing what their good sense tells them to do. And one skill that they had better cultivate, is to side-step the force that governments of grasshoppers can legitimately bring to bear. Read more of this post

Going Bust For Growth – Dr Raghuram Rajan


wealthymattersHere is the full text of the speech made by Dr Raghuram Rajan. As usual his speech has caused a flutter and consternation in some quarters. Assurances have been extended to people to calm them and reassure them that Acche Din will happen and not be a pipe dream. Believe whatever you choose to, but do read the speech below to get an idea of the world economy ,the problems in other countries and the constraints politicians round the world face. Then decide what you need to protect yourself from the shit floating round and then get ahead.

There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both industrial countries and emerging markets need high growth to quell rising domestic political tensions. Policies that attempt to divert growth from others rather than create new growth are more likely under these circumstances. Even as we create conditions for sustainable growth, we need new rules of the game, enforced impartially by multilateral organizations, to ensure countries adhere to international responsibilities. Read more of this post

Making Life Perfect


wealthymatters

Iterating Your Way To Success


wealthymattersAs you sung as a child:Try, try, try again till you succeed!

#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

Follow

Get every new post delivered to your Inbox.

Join 2,715 other followers

%d bloggers like this: