The Truth About Alibaug


wealthymatters

The following is penned by Sunita. I share her views on the new real-estate developments in Alibaug.Most are poor buys if you wish to live there yourself.

With everyone who is anyone in Bombay having a second home at Alibag, it has become almost de rigeur for anyone who wants to be someone to have a house over there. However, ever since the tsunami struck the Indian coastline way back in December 2004, our government has woken up to the fact that this too is a possible disaster and the Ministry of Environment & Forests have come up with Coastal Zoning Regulation which prohibit the construction of any dwelling up to 500 m of the coast. This meant that all those beach front houses are a thing of the past and anyone who wants a beach front property will have to make sure it is at least a km deep into the coastline so that a beach shack can be built. Of course it helps if the property already has a dwelling in place, a ramshackle hut notwithstanding, as any existing authorised structure will enable the new buyer to ostensibly repair the old existing ruin and make a swanky new beach house which will be the envy of all who see it. Read more of this post

Dealing With Family


wealthymattersWhen it comes to family, it’s always the thoughtful, generous, helpful members who wind up on the losing end. Unfortunately, that will probably never change.Family will come right out and ask for a favour, but offer nothing in return. They’ll expect a brother, sister, or cousin to take time out of their day and do something. If that brother, sister, or cousin doesn’t want to or have time to do it, the family member who asked for the favour gets offended. Yes, that is twisted and wrong and very, very unfair.So what are you supposed to do? Just put your foot down and set some boundaries with your family. If you choose not to do so, you have no one but yourself to blame.

And BTW,if you feel your husband is being taken advantage of by his family,do not be suckered into taking up the cudgels on his behalf with your in-laws.Your husband is an adult and perfectly capable of saying no.Do not allow your husband to duck the responsibility of standing up for himself if he says he doesn’t want to do the things his family asks but at the same time doesn’t want to look like a bad person by not helping them out.Why carry the burden of being branded ‘the witch’ while your husband remains ‘the nice guy’?If you are worried about the use of your joint resources,force your husband to take a stand in the open.You have a right to your husband’s resources and need not hesitate to seek clarity.What is the worst you can hear?-That he doesn’t consider your needs the only or even primary charge on his resources?Its  hard to stomach hearing something like this, but deal with it and you are free to make your own arrangements to have your needs satisfied.And as in all things,time is most important.The earlier you know,the more time you gain.

Lesson From A Recent Investment


weakthymattersSuccess is rarely determined by the quality of your ideas.But it is frequently determined by the quality of your execution.

Frugality In Action


wealthymattersThese are words written by my friend Sunita,to her baby grandson,on Earth Day.I was struck by the frugality of her family and of the older generations.

 In families like ours clothes were passed down from child to child including the nappies which were made of cloth. They were washed and left to dry in the sun – naturally disinfected with the warm sunshine. I remember we children not only handed down clothes but also school text books because we all went to the same school. And we went by school bus with all our other class mates. We also went walking to the park, often on our own because the roads were safe enough for little kids to walk. As for the car, our family had one car which we happily shared with other people sometimes fitting in 8 people in a car meant only for 4! And over the holidays when we had cousins and aunts pouring in, we would roll out mattresses on the floor and manage to squeeze in – sometimes 10 in one bed!  We also managed to share one bathroom among 8 and we never knew what a bath under the shower was because we bathed in half a bucket of water each. No – we were not poor nor did we live in a village. We lived in a lovely apartment in Bombay and our families’ income was much higher than the national median. We had a refrigerator at home, cooking gas but no telephone. Still we managed to keep in touch with everyone that mattered.

My granny would collect the wax paper the bread was wrapped in to pack up my biscuits for school. She would also collect the string that were used to tie up paper parcels and re-use it. She would re-cycle old envelopes and share our magazines, books and comics with our friends and neighbours.

Plastic was something unheard of . We went shopping with cloth bags made from old curtains or homemade rafia bags. We used cloth napkins on the table and the only things we really disposed off was garbage.

Ideas Vs. Execution


It’s well understood that ideas are one thing but execution is everything.-Bijan Sabet