April 4, 2014 Leave a comment
When a person with experience meets a person with money, pretty soon, the person with the experience will have the money and the person with the money will have the experience.-Estee Lauder
For Whom Wealth Matters
June 13, 2013 5 Comments
Lakshmi is wealth accumulated through honest and fair means. Money can be stolen as well. Lakshmi brings peace and happiness to the person who earns it. Stolen money only brings emptiness to the soul. If you notice Lakshmi’s idol, she has gold coins around her, signifying wealth. However, she is also seated on a lotus flower, and holds lotuses in her hands. The lotus is a sign of purity and peace, signifying spiritual well-being; of purity and beauty even in the muddy waters of the world. Without this peace, wealth has no meaning. – Chetan Bhagat
June 27, 2012 1 Comment
Originally posted on Knowledge Speaks:
Measuring in at roughly the size of a sheet of legal paper, the world’s largest single banknote is the 100,000-peso note created by the government of the Philippines in 1998. Designed to celebrate a century of independence from Spanish rule, the note was offered only to collectors, who could purchase one of the limited-edition notes for 180,000 pesos, or about $3,700.
The largest banknote ever issued by the Bank of England was the £1,000,000 note, issued in 1948 as a temporary measure during the postwar reconstruction in the Marshall Plan. Designed for use by the U.S. government only, the notes were canceled after just a few months, allowing very few to escape into private hands. But just because the notes are out of service doesn’t mean they’re valueless — in 2008, one of two known surviving notes fetched almost $120,000 at…
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May 27, 2012 16 Comments
1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.
2. Always be true to yourself.Figure out what your values are and live by them, in business and in life.
3.Think about what your definition of success really is. Is it externally driven or internally driven?
4. Rather than focus on work-life separation, focus on work-life integration. Read more of this post
September 4, 2011 1 Comment
The last couple of days I’ve been watching the sort of movies that challenged me to think about money theoretically.So to brush up on stuff I last had to deal with some 15 years ago I’ve been surfing the net for the sort of stuff found in basic economics books.In case you too need a small revision or you are totally new to economics here’s a chance to catch up.
BTW I’ve tried to make the whole experience as un lecture like as I can.Enjoy!
Definition : What is Money?
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.
Examples of Money:Cowrie shells,beads,metal coins,paper money,electronic money etc.
Since money involves so many things it is identified by the functions it performs.Any kind of object or secure verifiable record that fulfills these functions can serve as money. Read more of this post
September 4, 2011 1 Comment
‘Money as Debt-Promises Unleashed’ – I watched this documentary last night.It is made by the same person who made ‘Money as Debt’.Here is more about it :http://wealthymatters.com/2011/09/03/money-as-debt-paul-grignon/
This documentary too is worth watching.Personally I found that it challenged my mind to stretch just a bit more to understand the supply of money. Honestly,I think I’d have to watch the movie a couple more times to take in all the implications of the arguments that Paul Grignon makes.The documentary did change my way about thinking about my bank deposits and it managed to convince me that indiscriminate money creation by banks and other financial institutions leads to many systemic problems.But at the same time I’m not able to buy the argument of the earth being unable to support infinite growth.It’s too Malthusian for my tastes.And I believe too much in the ingenuity of man and the abilities of science to accept that the world’s resources are so limited.Admittedly,man may devastate the earth in the short run and pay the price for it but mankind will also learn its lessons well and come up with the right solutions.I also find it hard to see compound interest,investing and modern financial transactions as an unmitigated evil.I believe that every financier is not a gambler. Read more of this post
July 30, 2011 2 Comments
Here are Brian Tracy’s ’21 Laws of Money’.I find them a pretty powerful set of beliefs to have about money.
1. The Law of Cause and Effect: Everything happens for a reason; there is a cause for every effect.
2. The Law of Belief: Whatever you truly believe, with feeling, becomes your reality.
3. The Law of Expectations: Whatever you expect, with confidence, becomes your own self-fulfilling prophecy.
4. The Law of Attraction: You are a living magnet; you invariably attract into your life the people, situations and circumstances that are in harmony with your dominant thoughts. Read more of this post
July 9, 2011 1 Comment
Gold soothes me.Money relaxes me.So I often do the accounts when I wish to relax.Being surrounded by wealth makes me feel good .BTW I don’t have to own any of it to feel good.
The past couple of weeks I have been really stressed out.There are so many things that need to be done that it’s hard to sit down and get any one thing finished before I have to switch over to doing something else.
One of the main ways I have been relaxing,is following the news stories covering the Supreme Court ordered inventory of the treasure of the Sri Padmanabha Swamy Temple in Thiruvananthapuram.
The principal deity of the temple is Sri Padmanabhaswamy ie Vishnu in the “Ananta-sayanam” posture ie in the eternal sleep of Yoga-nidra on the serpent Ananta.Vishnu is part of the Trinity in Hinduism.He is the Preserver.Lakshmi the Goddess of Wealth is his consort.The current temple was built by the erstwhile rulers of Travancore.
Here is a list of what the newspapers have reported as having been discovered in the cellars that have been opened up so far: Read more of this post
June 12, 2011 2 Comments
Below is a favourite but somewhat dated Rakesh Jhunjhunwala interview.I frequently revisit the article to read about how he started out.Every time I wonder how I might be able to do what I want to do with so few resources,I find reading his story inspiring.Also I like his way of limiting risk,dealing with loss , having flexible targets and dealing with unfavourable opinions.The red ink is mine.It’s to highlight the parts I find interesting.As a side note,I also like reading the account of the 1993 blasts,if for no other reason than to remind myself about the spirit of Mumbai and the grit of all Mumbaikars. Read more of this post