Gandhiji On Economic Matters


wealthymattersToday’s post is a way of recalling Gandhiji’s thoughts on his Birth Anniversary-Gandhi Jayanti. The UN observes it as the International Day Of Non-Violence.

Taxation
All taxation to be healthy must return tenfold to the taxpayer in the form of necessary services.

Utility
The amount of public support that an institution can command affords a true measure of its utility.

Capital
Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.

Japan
I am convinced that the capitalist, if he follows the Samurai of Japan, has nothing really to lose and everything to gain. Read more of this post

Losing The Fear Of Poverty


wealthymattersMany people stick to jobs they detest. Why? It’s often the fear of poverty and the fear they can’t manage without a regular source of income. Not having a regular source of income, is far from ideal and stressful, but many people learn to manage and it gives them an shakeable confidence in their ability to weather financial reversals in life. Quite unlike the multi-millionaire here:Link

Here is the story of Sagar Yadav to help you lose your fear of poverty: Read more of this post

Bruce Lee’s Advice


wealthymatters

Learning From Jeff Bezos


Learning From Jeff Bezos

Working Backwards Amazon Style


wealthymatters“There is an approach called “working backwards” that is widely used at Amazon. We try to work backwards from the customer, rather than starting with an idea for a product and trying to bolt customers onto it. While working backwards can be applied to any specific product decision, using this approach is especially important when developing new products or features.

For new initiatives a product manager typically starts by writing an internal press release announcing the finished product. The target audience for the press release is the new/updated product’s customers, which can be retail customers or internal users of a tool or technology. Internal press releases are centered around the customer problem, how current solutions (internal or external) fail, and how the new product will blow away existing solutions.

If the benefits listed don’t sound very interesting or exciting to customers, then perhaps they’re not (and shouldn’t be built). Instead, the product manager should keep iterating on the press release until they’ve come up with benefits that actually sound like benefits. Iterating on a press release is a lot less expensive than iterating on the product itself (and quicker!). Read more of this post