wealthymatters

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

Here’s To Action!

September 16, 2013 Leave a comment

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Filed under Tidbits Tagged with Narendra Modi, Narendra Modi quote, postaday

Lets Respect The Banias

September 15, 2013 Leave a comment

wealthymatters The following is an article by Jaithirth Rao ,I believe it deserves to be well circulated and well read.I belong to one of these merchant communities.I know that in my generation there are few people who take up trade and business as a vocation.Definitely, people who do so are looked down upon,at least till they are cash rich,then everyone loves your money!

My parents generation tried its level best to give up business and get into the professions.Education of the bookish variety ,was given top priority.But how has this helped the community?How is being an employee so much better than being a business-owner?Yes, the responsibilities are less,the effort might be less,the money might be more regular…….but who owns the job?What have you to show for a life of working in some one else’s business?

Do read the article below and share it.If we want jobs in future,we need entrepreneurs.Many entrepreneurs start by being shop keepers or by manufacturing at the cottage -level.let’s ensure we don’t kill potential with our hostile attitudes.

Businessmen are no greedier than others.In fact, a businessman who is too greedy can’t get people to co-operate and will lose sales. Read more of this post

Filed under Entrepreneurship Tagged with Agarwal, Bania caste, Bhandari, Chettiar, Chetty, Gupta, Gupte, Jaithirth Rao, lala, merchant communities, R Vaidyanathan, Seth, Sethi, Sheth, Shetty, shop keeper, Shreshti, Vaish, Vaishya caste, vaishya-isation of society, Vania

Fallout Of The Collapse Of Lehman Brothers

September 15, 2013 Leave a comment

Filed under Tidbits Tagged with anniversary of collapse of Lehman Bros, Collapse Of Lehman Brothers 15September2008, duty cuts, falling domestic savings, falling GDP growth, financial crisis, high interest rates, Inflation, Lehman Brothers, postaday, price rise, pumping money, Repo rate

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