postaday | wealthymatters

Investing In People

March 22, 2014 Leave a comment

wealthymatters Here’s another great piece from Cammi Pham:

Have you ever wondered why my motto is “Investing in people”?

It all started from a story my mother told me when I was a little child. The story is about the most remarkable entrepreneur in Chinese history.

Two thousands years ago, during the Warring States Period, China was divided into 7 states: Qin, Chu, Qi, Yan, Han, Wei, Zhao.

One day Lü Buwei, a wealthy merchant saw a rare investment opportunity. He came home and asked his father,
“Father, What is the profit on investment that one can expect from plowing fields?”

“Ten times the original investment,” his father replied.

“And the return on investment in pearls and jades is how much?”

“A hundred times.” Read more of this post

Filed under Alternative Assets, Theory, Tool Kit Tagged with invest in people, Lü Buwei, postaday

NGO Stats

March 22, 2014 Leave a comment

wealthymatters

Although there’s no centralised database on the number of NGOs in India, unofficial figures indicate that there are over 20 lakh NGOs registered under various Societies’ Registration Acts, Trust Act, etc.

The general policy of the government of India is not to encourage soliciting of foreign contribution. However, if funds are intended for bona fide welfare activities, foreign contribution can be received by NGOs by obtaining registration or prior permission from the central government. NGOs in the country have to register with the government for receiving foreign contributions as per the Foreign Contribution Regulation Act (FCRA).The total number of NGOs registered under FCRA is 43,527 .

Nearly half of the registered NGOs under FCRA – over 19,000 out of the 43,527 – do not file annual returns with the government containing details of foreign receipts and utilisation. Read more of this post

Filed under Philanthropy Tagged with Church of Jesus Christ of Latter Day Saints, Compassion International, donations from the US, Foreign Contribution Regulation Act (FCRA), postaday, The World Vision of India

Rent A Villa Abroad

March 22, 2014 Leave a comment

wealthymatters I love to travel.But organized tours and business hotels are not really my thing.The strict timetables of the former and the sameness of the latter take away from my enjoyment of a place.The over the top luxury of the top end hotels of the Dubai variety,is exciting but not always restful and pretty soon budget too becomes an issue.

Personally my best experiences have come from family managed inns and motels.Not only have they been extremely pocket friendly but the rooms and their decor refuse to fade into a sameness in my memory.The personalities of the staff and their knowledge have helped me get more out of my holidays.And often the food they served or the take-away they recommended has turned out to be more satisfying than 5 star fare.

Today I came across PPA villa properties.This website is a great place to look for lodging options if you wish to enjoy a leisurely vacation in France,Italy,Spain,Switzerland,North Africa or Thailand.The website lists properties in these counties region-wise along with the facilities available on them and the number of guests who can comfortably share the premises.You can search through these properties according to your weekly budget and the time of the year you wish to travel.

Renting these villas is a great idea if you are travelling with your family,especially your extended family or a bunch of friends.This way,you can enjoy greater privacy and space at a fraction of the cost of staying in a luxury hotel.

Filed under Tool Kit Tagged with luxury hotel, luxury vacation in France, luxury vacation in Italy, luxury vacation in Morocco, luxury vacation in Puket, luxury vacation in Spain, luxury vacation in Switzerland, postaday, rent a villa

The Benefits Of Offering Multiple Payment Options

March 22, 2014 Leave a comment

Many small home-based businesses, web enterprises and medium-sized companies limit their payment methods to one or two because they feel that it’s easier to process and track sales that way even though payment flexibility offers more convenience and value to their customers. However, modern technology makes multiple payment processing just as easy for and it can increase business.

Here are some reasons why offering multiple payment options can help your business:

1. People not only like choices, sometimes they need them. Analysis of shopping cart abandonment rates for online retailers shows that the major reason that consumers stop short of completing a transaction is limited payment options. Offering flexibility increases customer satisfaction and sales.

2. Using only an online payment service or only credit card payment options forces customers who don’t have one or the other to either create a new account or use a vendor that accepts their preferred payment method. Anything that sends a customer elsewhere or introduces extra steps in order for them to complete a transaction is going to affect your sales and customer relations. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with Multiple Payment Options, online payments, payment flexibility, postaday, Zoho Invoice

The World’s Biggest Life Insurance Policy

March 19, 2014 1 Comment

wealthymatters

Guinness World Records has announced the World’s Biggest Life Insurance Policy ever issued.

However,neither the record keeper nor the issuer would say who is covered by the massive policy.Dovi Frances, the adviser who arranged the policy, would only say it went to a well-known technology billionaire from California.

The wealthiest of the wealthy often buy life insurance for several reasons.Primary among them are tax purposes.In many countries,a wealthy estate is often hit with a hefty tax bill, and there may not be enough cash to cover it, since many millionaires and billionaires hold their wealth in investments.

This $201 million policy overtakes the previous record of $100 million.It is more complicated than most. It’s underwritten by 19 different insurance companies, each with a slice of less than $20 million. If a single company took the risk of the whole policy they would go into bankruptcy if a claim were to be made.

The yearly premium is in the low single-digit millions.