Manufacture Positive Expectations


Manufacture Positive Expectations

The Significance Of Labour


wealthymattersThe division of labour has been the chief cause of improvement in the productiveness of labour. For instance, the making of a single pin involves eighteen separate operations, which are entrusted to eighteen separate workmen; and the result is, that whereas one man working alone could make perhaps only twenty pins in a day, several men working together, on the principle of division of labour, can make several thousands of pins per man in one day. Division of labour, in a highly developed state of society, is carried into almost every practical art; and its great benefits depend upon the increase of dexterity in each workman, upon the saving of time otherwise lost in passing from one kind of work to another and, finally, upon the use of many labour-saving machines.

This division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom which foresees and intends the opulence to which it gives rise; it is rather the gradual result of the propensity in human nature to barter and exchange one thing for another. The power of exchanging their respective produce makes it possible for one man to produce only bread, and for another to produce only clothing.

The extent to which the division of labour can be carried is, therefore, limited by the extent of the market. There are some sorts of industry, even of the lowest kind, which can be carried on nowhere but in a great town–a porter, for example, cannot find employment and subsistence in a village. In the highlands of Scotland every farmer must be butcher, baker and brewer for his own family. Read more of this post

Do You Still Wish You Went To America?


wealthymattersGoing to America is a big deal for middle class India………But is it all that it’s touted to be?

Here’s a calculator to play with:Link

Just enter your own Indian Net Worth,multiplied by 18,to adjust for purchasing power parity,and see where you stand in the American scheme of things.

If you have already spent awhile in America and are debating whether to stay,just enter your net worth in the calculator and check if  your position is any better than in your country of origin.

And if your urge to go to America arises from what your relatives and friends say,just enter their net worth in the calculator and check how well they are really doing……..Be sure to accurately figure in their indebtedness. Don’t make the mistake of simply converting Dollar incomes to Rupees and imagine them to be rich or judge hastily by their clothes or spending habits etc. Read more of this post

How Well Off Would You Be In The UK?


How Rich Would You Have Been In The UKAfter migrating to the US(Link),migrating to the UK is a common aspiration among people the world-over.If you ever wondered what your life would have been like wealth-wise if you had migrated to the UK,just see where your projected earnings would have placed you as per the graph to the left.

Alternatively,you could adjust your Indian Income by a factor of about 11 (for purchasing power parity)to estimate how your current earning power in India compares to general incomes in the UK.That way you know how your current earnings would place you in the UK.

And do remember that the UK is the Old World unlike the US.So there is a lot more inherited wealth you will have to contend with.So mere high earnings will not automatically guarantee you a similar place in the wealth pyramid.

And if you are planning to migrate to the UK,use the graph to get a reality check.Pay packages worth tens of lacs in Rupees,might not necessarily improve your position in relation to the general population.

Believe In What Empowers You


wealthymatters

There might be an objective reality out there,but we each live in a subjective reality brokered by our mind and senses.So forget about objective reality.There are only individual ideas of what  reality is.And you had best live your concept of reality rather than adopt one which someone else decides is the objective reality.And your reality is fully shaped by the beliefs you hold.So be sure you have only empowering ones.Since your mind can’t hold two opposing thoughts at the same time,just replace each limiting belief with an empowering one,and soon your belief system will change and then your very world.Thus you would have changed ‘reality’.