Tool Kit | wealthymatters

Honey Traps

September 21, 2013 3 Comments

wealthymatters Today’s find has been the pheromone-based pest control traps made by Bangalore-based Barrix Agro Sciences.

Barrix Agro Sciences is a start-up founded by Lokesh Makam-an MBA in pharmaceuticals management who had worked for companies such as Ranbaxy, Dabur and Himalaya and Mayil Vaganan who had worked at pharma majors like Cadila Pharmaceuticals and Ranbaxy, before changing their focus to agriculture.The company was set up in 2011 with their personal savings of 23 lakh.

Fruit and vegetable farming are simple ways of making more from smaller land holdings.And the greatest challenge you will face in bringing up a good crop are the fruit and vegetable flies. They create holes in the fruits and vegetables and make them unfit for sale, You end up spending about 50,000 per hectare on pesticides.

The problem with pesticides is that besides being expensive, they are washed away by the rains. The pheromones developed by Barrix are artificially synthesized smelling agents that attract pests. Instead of eating the crops, the pests are attracted to the pheromones in the traps and so can be trapped and destroyed. Read more of this post

Filed under Alternative Assets, Entrepreneurship, Tool Kit Tagged with Barrix Agro Sciences, Cadila Pharmaceuticals, Dabur, Farming, fruit farming, fruit flies, Himalaya Drug Company, Lokesh Makam, mango crops, Mayil Vaganan, MBA in pharmaceuticals management, pheromone-based pest control traps, postaday, Ranbaxy, start-up, vegetable farming, vegetable flies

The Interesting Case Of Sadashiv Phene

September 19, 2013 Leave a comment

wealthymatters

Yes I do have my monthly SIPs and I do have a mutual fund portfolio,but long term readers know I lean towards investments where I have a greater degree of control and in general I like to keep things simple and predictable.And I like to invest directly into an asset rather than buy derived products.To me,mutual funds are savings products or places to park cash till better investments turn up.

Today I came across the story of Sadashiv Phene. Here is a gentleman who has built up a respectable net-worth on the basis of mutual funds.Do read the links below.I guarantee you ,you will not waste your time.

I enjoyed reading his story because it opened my mind to new possibilities. Read more of this post

Filed under Entrepreneurship, Paper Assets, Tool Kit Tagged with investing in mutual funds, mutual fund advisor, mutual fund distributorship, Mutual Funds, postaday, Sadashiv Phene

100 Best Jobs In The US

September 19, 2013 Leave a comment

wealthymatters

A good job in the US is the route many people prefer to amass a fortune.If this is a path you’d like to tread,here’s a comprehensive list of the best jobs in America,along with the sort of salaries you can expect,details of how to position yourself to land such jobs etc:U.S. News 100 Best Jobs of 2013

Filed under Tool Kit Tagged with best jobs, postaday, salaries, U.S. News 100 Best Jobs of 2013

CTC And Take Home Salaries

September 16, 2013 1 Comment

wealthymatters

The early days of your business are likely to be pretty lean ones money-wise.At the time,if you get discouraged by all the great salaries your contemporaries are raking in and are thinking of giving up,find out if people around you are talking of CTC or take home salaries.Then consider how much they keep post-tax,and then compare it with what you manage to keep for yourself and then decide.

CTC or cost to company is what a company spends on an employee. If something is an “Expense” for a company because of an employee, its part of his/her CTC,

So,companies often add their contribution to the EPF,gratuity(which is payable 5 years from the date of joining),superannuation,leave encashments etc. to the CTC. If employees leave the company after a short while they may never see these incomes. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with CTC, CTC vs take home pay, CTC vs take home salary, employment vs entrepreneurship, employment vs self emoloyement, EPF, food coupons, gratuity, joining bonus, leave encashment, postaday, stock options, superannuation, take home pay, variable component of CTC

Epiphany

September 15, 2013 Leave a comment

wealthymatters

This year I had a wish and decided to pay a visit to Mannat Raja Labbagcha Raja.

My wish was for something to which I am prepared to dedicate a lifetime.In the 41/2 hours it took me to get darshan I had an epiphany,I thought I’d best record it for future use.My insight has to do with gaining very long term goals.

1.Sometimes things happen a lot faster than you expect-I believed that the mannat queue meant darshan after an all-nighter or 18 hours or so in the queue.This year due to a surprisingly light crowd,the wait was just 41/2 hours.I didn’t know this at the beginning.

2.First you start every journey by defining some goal as desirable,or something worth achieving-arriving at labaug,despite what everybody else might have said is an example.Not everybody will value what you value.So some will come with you,others not.Soon you will find others with a similar goal.You’ll soon make new acquaintances,rivals and allies.

3.Next you have to find the right place to gain an entry-searching for the end of the snaking queue. Read more of this post