Strategic Giving


wealthymatters

Adam Grant, 31, is the youngest-tenured and highest rated professor at Wharton.He is the author of a new book titled “Give and Take – A Revolutionary Approach to Success” which will be released on April 9.

Grant’s research divides people into three categories:

  • Givers: Give without expectation of immediate gain; they never seem too busy to help.
  • Matchers: Go through life with a master chit list in mind, giving when they see how they will get something of equal value back and to people who can help them.
  • Takers: Seek to come out ahead in every exchange; they manage up and are defensive about their turn

Most people fall into the matcher category — but givers, Grant says, are over represented at both ends of the spectrum of success: they are the doormats who go nowhere or burn out, and they are the stars whose giving motivates them or distinguishes them as leaders.

Much of Grant’s book sets out to establish the difference between the givers who are exploited and those who end up as models of achievement. The most successful givers, Grant explains, are those who rate high in concern for others but also in self-interest. And they are strategic in their giving — they give to other givers and matchers, so that their work has the maximum desired effect; they are cautious about giving to takers; they give in ways that reinforce their social ties; and they consolidate their giving into chunks, so that the impact is intense enough to be gratifying.

 

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wealthymatters.com

Food For Thought


Food For Thought

Cobra Post Videos


wealthymattersIt took me a while to watch this series of videos from Aniruddha Bahal. If you are inclined to watch them,the links to the public videos are available below. But be warned that they get repetitive after a while.

So what do you think?Have you similar experience either as a customer,financial intermediary or banker? Read more of this post

Intestate Succession As Per The Hindu Succession Act,1956


wealthymatters.com

The Hindu Succession Act,1956 applies if the intestate is Hindu,Buddhist,Jain or Sikh but doesn’t automatically include scheduled tribes.It also includes legitimate or illegitimate children,if one of his/her parents is Hindu,Buddhist,Jain or Sikh.It also includes converts and reconverts to these religions.

When a Hindu male dies intestate i.e.without a will, and has not married a non-Hindu,the right of succession first devolves upon the Class 1 heirs, if any,shown in the diagram to the left. If even one such heir exists, all other relatives who do not fall within this category are excluded automatically.If there are several Class 1 heirs, then there are certain rules as to how they will share the properties amongst themselves. Read more of this post