wealthymatters

Christmas Is For Giving

December 23, 2013 9 Comments

This is an offer for all readers of wealthymatters,worldwide.

This Christmas I am offering readers money to lend on Milaap. If you gave been reading my blog for a while,you know I am against charity,especially of the type that demeans and breaks the spirit of the recipient.By making small loans at fair not usurious rates we can help nurture the latent entrepreneurial talent of people and get them started on the path to prosperity.

Borrowers on Milaap have a near 100% repayment history.This means you are lending to the credit-worthy not just the deserving poor.Also your philanthropic budget can be turned over many times.You can begin with small contributions and build up the corpus you offer over time.So philanthropy and giving on a larger scale need no longer remain the preserve of billionaires. Longtime readers know that the exclusivity of the Giving Pledge and the financial muscle flexing that accompanies it, is something I dislike.All people ,irrespective of their net-worth can give,even if it is nothing more than a smile,a word of encouragement,the use of their skills,their time ,attention and emotions. Read more of this post

Filed under Philanthropy Tagged with Christmas, giving, giving this christmas, Milaap

Patience And Persistence

December 22, 2013 2 Comments

Filed under Entrepreneurship, Theory, Tool Kit Tagged with how to negotiate, negotiating strategy, patience, persistence

Deal With Competition Positively

December 21, 2013 2 Comments

Filed under Entrepreneurship, Theory, Tool Kit Tagged with how to deal with competition, meaning of competition, origin of the word competition

Inflation Indexed National Savings Securities Cumulative (IINSS-C)

December 20, 2013 1 Comment

All of us have probably woken up to similar ads in our daily newspapers:

Ever since I woke up this morning I have been asked for my gyan on the matter at least a dozen times,so here it is:

You can find all the details of the scheme here:Link and before you ask:There are no tax incentives to invest in these bonds.

As for my take on whether these are a good investment?My answer is that the answer is in these words in the notification:

final combined CPI will be used as reference CPI with a lag of three months (i.e. final combined CPI for September 2013 would be reference CPI for all days of December 2013). In case of change in the base year, the base splicing method will be used.

So if the government/RBI chooses to be honest,it might be a good deal.But if the combining(averaging?) and change in base year is used as a means to reduce interest rates,i.e. financial repression,this product might be no better and probably worse than many PO small savings schemes with pre-declared interest rates for the tenure.

So,wait and watch before consigning larger sums of money in this product.

Filed under Paper Assets, Tool Kit Tagged with Financial Repression, GOI bonds, Inflation, inflation indexed bonds, Inflation Indexed National Savings Securities Cumulative (IINSS-C), post office small savings schemes, proofing savings, RBI bonds, reduce interest rates

Recruitment Spiels

December 13, 2013 2 Comments

wealthymatters One day while walking down the street a highly successful Human Resources Manager was tragically hit by a bus and she died. Her soul arrived up in heaven where she met St. Peter himself.

“Welcome to Heaven,” said St. Peter. “Before you get settled in though, it seems we have a problem. You see, strangely enough, we’ve never once had a Human Resources Manager make it this far and we’re not really sure what to do with you.”

“No problem, just let me in,” said the woman.

“Well, I’d like to, but I have higher orders. What we’re going to do is let you have a day in Hell and a day in Heaven and then you can choose whichever one you want to spend an eternity in.”

“Actually, I think I’ve made up my mind, I prefer to stay in Heaven”, said the woman Read more of this post