Devdutt Pattanaik Speaks


The piece below has very little to do with money matters.But I think that after Damini’s death these words deserve to be said. Damini did not deserve to suffer so and neither do other lesser known women who find themselves in a similar situation.Death to the perpetrators will not wipe the slate clean.Perhaps the only real, long -term solution is to make changes in our belief system to ensure that such things don’t happen and Dr. Devdutt Pattanaik shows us the way.

Dr. Pattanaik also uses mythology to help think about business problems.You can read his articles here.They are excellent to give you a perspective on life and business.

“For most of human history, the woman’s body has been treated as man’s property, in reality as well as representation. So adultery (where the woman participates) and rape (where the woman does not participate) were both seen as insult to a man’s honour. Read more of this post

Quiz:Are You Ready To Become An Entrepreneur?


Take the quiz below to figure out if you are ready to quit your job and become a full time entrepreneur.

quiz

An Interesting Take On Donating


wealthymatters.com

Would you donate your last penny?

I can honestly say that I would not …

Which brings me to a related topic: it seems that many people who come into money take a chunk of it to donate. Perhaps to have the wing of a school named after them, or to do some other ‘good works’.

Whether the sum is $1,000,000 or $100,000 or $10,000, when donating what you consider to be a large sum, think about what you are really donating; you are not merely donating $1,000,000 (or $100,000 or $10,000), you are donating the future value of $1,000,000:

Let’s say that you plan on living for another 40 years, and you can invest your money at 5% above inflation, then the real value of your donation is not $1,000,000 but more than $6.7 million!

When thinking about donating that $1 million [AJC: The Cartwood Family Wing does sound tempting], I’m not really thinking too much about that $6.7 million [AJC: or, $28.8 million … ounch!], I’m actually asking myself:

Would I donate my last $1 million? Read more of this post

Life-Style Design


wealthymatters.comTimothy Ferriss ,an entrepreneur and angel investor,in his bestseller The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich  talks about “lifestyle design”.He repudiates  the traditional “deferred” life plan in which people work grueling hours and take few vacations for decades and save money in order to relax after retirement.He advocates mini retirements instead.His ideas make sense because the present is our only reality.While it is great to provide for the future, what about those of us who will not be round in the future or might not be as fit and able tomorrow to do the things we really want?Also happiness is as transitory as time and neither can be saved up for the future.

He advocates the acronym DEAL .It stands for Definition, Elimination, Automation, and Liberation.

Definition means figuring out what you want, getting over your fears, seeing past society’s “expectations”, and figuring out what it will really cost to get where a person wants to go.And he shows us how it doesn’t cost so much to have and do the the things we want as long as we think flexibly.As he puts it:The rules of reality can be bent. It just requires thinking in different terms. Read more of this post