For Whom Wealth Matters
July 11, 2014 Leave a comment
This is Ratan Tata’s Credo
Keeping promises makes you reliable and trustworthy.It lies at the heart of your reputation as a businessperson.Don’t talk big.Do what you say you will.And soon you will find that people will fight to work for you,to work with you and invest in your businesses.
July 10, 2014 Leave a comment
Ladies,listen to Greg Behrendt.It may not be what you want to hear or would like to hear but it will keep you from making big mistakes and persisting with them.
“Here’s something else to think about: calling when you say you’re going to is the very first brick in the house you are building of love and trust. If he can’t lay this one stupid brick down, you ain’t never gonna have a house baby, and it’s cold outside.”
“Don’t spend your time on and give your heart to any guy who makes you wonder about anything related to his feelings for you”
“Don’t be flattered that he misses you. He should miss you. You are deeply missable. Remember, the only reason he can miss you is because he’s choosing, every day, not to be with you.”
“Life is hard enough as it is without choosing someone difficult to share it with.” Read more of this post
July 10, 2014 Leave a comment
Co-operative banks sometimes offer higher interests on FDs than PSU banks.This makes their deposits interesting when inflation remains high and investors are trying to grab the last paisa in returns.Moreover,when these banks are scheduled(Link),they offer the comfort of RBI supervision and deposit insurance.
However,parking your money in these banks,still carries a measure of risk,as can be seen in the Kapol bank case.Link.The money in your FDs might not be available as and when you need it.
Often the RBI merges weak cooperative banks with stronger ones.In such cases restrictions are imposed on transactions by the customers of the weak bank,to ensure that this weak bank doesn’t collapse.This can be a source of hardship,if you need to access your money urgently.
So always park only a part pf your corpus in any one co-operative bank.Also remember that the RBI makes allowances in case of real distress,but you will have to make your case before top management and wait for them to exercise their discretion.
July 8, 2014 Leave a comment
The above is the argument that Drew Houston, CEO and co-founder of Dropbox, uses against anyone saying any version of ‘somebody has already done something like this.’
wealthymatters 