For Whom Wealth Matters
December 12, 2012 2 Comments
The graph above shows the value of an individual’s emergency fund expressed in the number of weeks worth of expenses vs. the percentage likelihood of having an emergency that would wipe it out. It starts at 100% with no emergency fund and works down to about 3% at 52 weeks worth of expenses in reserve. Read more of this post
October 30, 2012 2 Comments
Eike Batista is Brazil’s richest person and ranked 7 in the world.In his book ‘O X da Questão’, translated:’The Heart of the Matter’ he recounts his trajectory in the business world and offers tips on entrepreneurship.Following are excerpts from the book:
1. “Nobody is happy alone. To share experiences is always a good thing.”
2. “You grown as a person when you face your own challenges, or stressful moments, as I like to say. A good entrepreneur must be prepared to evolve in adversity.”
3. “The good seller is the one who is also a good listener.”
4.“Believe in yourself. If you doubt in yourself, you won’t be able to face your co-workers. Or the market, for that matter.”
5. “Don’t quit on the first adversity. Believe in your intuition, but try to be down to earth as well, paying attention to research and polls.”
6. “Don’t think you are unstoppable or foolproof. Don’t think that the only way your business will work is through perfection. Don’t aim for perfection. Aim for success.” Read more of this post
October 6, 2012 8 Comments
I dare say all of you have come across spam that goes “I made a zillion dollars online and so can you.Just follow my patented system…..” Besides this sort of obvious tall tale,there are lists of top ranking blogs and websites and their estimated incomes.All this begs the question of how much ordinary people can make online.The following are figures published by the ET.
Self publish books: upto Rs 15,000 p.m.
Make and sell apps: upto Rs 50,000 p.m.
Sell photos online: upto Rs 10,000 p.m.
Sell old stuff online: upto Rs 50,000 p.m.
Start an online shop: upto Rs 25,000 p.m. Read more of this post
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